Overview

***For an initial period we are offering a reduction in rent for the Sherston, this will then increase over time. This is negotiable and can be discussed with the Punch Development Manager in due course***

 

Looking to run a pub?

This beautiful cosy country pub/hotel is an attractive stone-built property, located in a prime position on the edge of Wells in Somerset. It is an excellent community mainstream focused business, and there’s plenty of opportunity to develop this multi faceted business. This is a great opportunity for a talented food-focused professional to create a stand-out dining venue. Introducing a top quality food alongside its five letting rooms – it clearly has the potential to become an exceptional country pub known for exceptional and attentive service.
With its stunning outdoor area, this lovely pub is a beautiful go-to location for wedding receptions and special birthday parties. It offers a beer garden to enjoy the warmer months and a children’s play area, a smoking solution and parking for up to 12 vehicles. Inside, the pub offers open plan trading space which includes a dedicated dining area and the kitchen can cater for up to 80 covers. The pub also offers WiFi throughout.

Accommodation

The domestic accommodation includes one bedroom, a kitchen and a lounge.

About the local area

The Sherston Hotel sits nearby a roundabout on the main road into Wells, its an easy walk from the city centre. Wells is a medieval city with historical buildings that attract tourists all year round – so there’s a steady flow of guests requiring affordable but high-standard accommodation. This affluent small city is home to 11,500 residents, with a further 45,000 living in the pretty villages dotted across this rural area. The Mendip Hills and the Somerset Levels  attract visitors for rambling, camping and birdwatching, while Cheddar Gorge and Wookey Hole Caves appeal to families. Bath and Bristol are both easily reached in under 45 minutes, and Glastonbury, home to one of the UK’s most popular music festivals, is 15 minutes away.

This pub may suit

The ideal publican will have previous experience in  delivering a high-quality catering and letting offer – past experience in country hotels or B&Bs would be a distinct advantage. You’ll bring with you experience of running a busy and complex small business with high standards and quality service.

About the Agreement

Our Tenancy agreements vary between 3 – 5 years offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have a dedicated Operations Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with 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 support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will 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 (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need 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
£6,945
Legal Fees
£750
Maintenance Fund Per Week
£40
Fixtures and Fittings Weekly Rent
£152
Working Capital
£2,000 - £4,000
Street Check
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Business Information

Annual Rent
£27,768
Weekly Rent
£534
Forecasted Annual Wet Turnover
£194,961
Forecasted Annual Food Turnover
£153,439
Weighted Average Discount Per Barrel
£75
Agreement
5 Year Tenancy

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