White Hart Havenstreet
Summary
The White Hart is a large, detached property on the main road through Havenstreet and 10-minute walk to the steam railway station.
Description
The pub is a traditional brick building which has a car park for approx. 12 cars to one side. and a large beer garden laid out to lawn with outside seating. There is also a field at the end of the property which is currently unused and overgrown.
The pub has been extended to add in toilets, a larger kitchen, and the cellar outside to maximise trading space. The pub comprises of 58 covers with 26 on the patio to the rear of the pub and then more in the large garden.
The pub is presented in immaculate condition, there is a new carpet in the trade area, the beer lines are cleaned every week and dispense equipment in good condition.
The kitchen is spotless and has an excellent range of catering equipment needed to produce a high trading food offer. Pubs in this condition do not come up for let often!
Key Features
• The pub has a beautiful, large garden with picnic benches for use in the summer months, which can give extra cover space during the tourist season.
• The pub is a small, detached property which has been extended over the years to give more space, there are 58 covers in the main dining area. The toilets, cellar and kitchen have all been extended. The trading area has a traditional bar which has been looked after well by the current publicans, there is a new carpet and a wood burner fire. The current publicans have a large variety of high-end whiskeys in a cabinet in the trading area.
• The toilets are modern and well decorated.
• The kitchen is large and well kitted with high end catering equipment which has been kept in a spotless condition.
Business & Financial Information
• Estimated ingoings (upfront): £10,295
• Full deposit: £9,500
• Agreement fee: £795
• Guide rent (weekly): £731
• Guide rent (annual): £38,000
• Forecast turnover (weekly): £483,153
• Forecast turnover (annual): £483,152
Ideal Operator
This is a heavily food led site with a 65/35% food/wet split. The pub has enjoyed an excellent reputation for high quality but good value, high end pub food under the current publicans who use local IOW ingredients. The ideal operator would need to be able to continue this trading style for the pub as this is a small village, surrounded by countryside so has limited wet trade. This operator would ideally be a chef or have worked in a busy food led pub and understand food hygiene and allergen legislation.
Private Accommodation
The private accommodation is in an excellent state of repair and decoration and spans the whole of the trading area of the pub so is of a large size. The accommodation comprises three large double bedrooms, massive lounge, a huge bathroom with both a bath and free-standing shower with hand basin and toilet.
There is a small kitchen which has a cooker, usual space for white goods and various storage cupboards.
There is also a separate small office.
The accommodation is reached from a staircase to the rear of the pub and has its own external door so you can come and go without having to walk through the pub.
Regional Manager's Thoughts
This is a fantastic opportunity to live in a beautiful village in the countryside of the IOW. The accommodation would support a family unit as it has three large double bedrooms, large lounge, bathroom, and kitchen.
The pub is presented in immaculate condition throughout and is a successful business turning over just shy of £500k. The business is food led so anyone looking to take over the pub would need to have previous experience in a food led venue, understand food hygiene regulations and changing menus with the seasons.
The pub offers real ale so an understanding on how to look after this would be useful.
This is the only pub in the village so the publican would need to be prepared to become part of the village community.
Surrounding Area
Havenstreet is a small pretty village about 2 miles south of Ryde. it has a population of 3,613.
Havenstreet is the main station for the Steam Railway which runs from March through to the end of October and brings footfall to the White Hart.
Havenstreet is also popular with walkers and hikers as the scenery is particularly pretty around the local village. The village has a community centre and there is a falconry centre with Birds of Prey to the south of the village.
Upfront cost
£10,295
Cost type:
Upfront
Key facts
Upfront cost
£10,295
Turnover (annual)
£483,152
Rent
£38,000 (annual)
Location
Main Road, Ryde, Isle Of Wight PO33 4DP
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
Enquire
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