Overview

Could you run this pub in Devon?

The Halfway Inn is a traditional community pub near Sidmouth, Devon. It has an amazing location, situated in beautiful green Devon countryside, in clear sight of the busy A3052 between Exeter and Sidmouth.
It’s the perfect stop-off for tourists after a day exploring Devon, visiting Exeter or relaxing at the coastal town of Sidmouth and has the potential for plenty of footfall with a strong marketing campaign.
With lots of space for dining, this pub offers a carvery along with all your favourite pub classics, and is an amazing opportunity for anyone wishing to run a pub in Devon with an emphasis on serving delicious food in a warm, welcoming environment.

Facilities

This pub has two comfortable trading areas with room for up to 60 covers, a cosy bar area with a log burning stove, and an amazing, refurbished large restaurant complete with feature fireplace.
It also boasts an external dining area (currently under-utilised) and a large car park with 25 spaces.
A small internal decoration is planned, to upgrade the fixtures and fittings in the trade areas, giving it a fresh, new look and feel, while retaining its original charm and character.

About the local area

The Halfway Inn sits prominently at a crossroads between the B3180 and the A3052, the main road between Exeter and Sidmouth, and on the edge of the East Devon Area of Outstanding Natural Beauty.
Its tranquil location, well under half an hour’s drive from both Exeter and Sidmouth, has the potential to draw customers from these areas, as well as commuters and travellers driving between the two.
It’s also within walking distance from the nearby village of Aylesbeare, and is surrounded by stunning natural beauty. Being so close to the coast, it’s also on a popular tourist route, and is just across the road from a complex of 11 self-catering holiday cottages.

This pub may suit

This is an outstanding opportunity for a husband and wife team with a strong catering background.
An operator with marketing experience would also be a plus, as the pub will need to be promoted both locally and also to transient custom from the busy A3052.

About the Agreement

This is a five year tenancy agreement, giving you the great opportunity to run your own pub business with a flexible approach. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

We’ll support you every step of the way, giving you all the tools you need to make your business a success, from day one, including your own dedicated Operations Manager, access to exceptional training and development opportunities, as well as business planning, operations and accounting expertise for those less-than-glamorous bits of running a business.

Our five-day Punch Progress induction course will ensure you’re fully up-to-speed before you get started and from then on we’ll provide ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and marketing support to help you build for continued success.

Punch Tenancy agreements have shared repairs liability, meaning we’ll help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

*The calculation of the initial Ingoing Costs assumes a minimum deposit £6,000 plus legal fees. The subsequent deposit build up (if any) is to be paid over 52 weeks. This can be discussed with the recruitment team or an Operations Manager.

Financial Information

Initial Deposit
£6,000
Full Deposit
£7,488
Legal Fees
£750
Fixtures and Fittings Weekly Rent
£87
Working Capital
£2,000 - £4,000
Street Check
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Business Information

Annual Rent
£29,952
Weekly Rent
£576
Forecasted Annual Wet Turnover
£128,449
Forecasted Annual Food Turnover
£169,259
Forecasted Annual Other Turnover
£6,783
Weighted Average Discount Per Barrel
£181
Agreement
5 Year Tenancy

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