Overview

Could you run this pub in Tavistock?  

The Tavistock Inn is a well-loved pub located at the heart of Tavistock in Devon. It is a hidden gem, with a quirky, fresh interior and great range of local beer. As well as this it’s popular for its delicious food menu, full of pub favourites with a twist. The pub has an open plan feel with an L shaped bar surrounded by plenty of comfortable seating. Behind the bar is a hidden staircase that leads up to four en-suite B&B rooms, each of these are large doubles. The Tavistock Inn also boasts a beautiful courtyard that is covered and can be enjoyed all year round as well as a patio area with space for a further 20 guests.  

Refurbishment 

We have exciting investment plans to makeover the internal trade areas including the letting rooms to enhance the pubs existing character. This will include decoration works and brand new furniture. The outdoor areas will also benefit from a makeover. 

Facilities  

This fantastic pub opportunity comes with domestic accommodation that consists of one bedroom, a private kitchen and lounge. 

About the local area  

Tavistock is a thriving market town on the River Tavy. An ancient stannary town and home of the cream tea, Tavistock is the only town in Devon to hold world heritage status. The vibrancy and uniqueness of Tavistock is created by a range of locally owned independent shops and its friendly atmosphereAs well as this it is home to the famous pannier market and award-winning farmers’ market. It is truly a shoppers paradise. Tavistock has direct access to Dartmoor, a popular spot for walking, cycling and riding. The Tavistock Inn sits at the end of the high street in the town centre allowing it to easily welcome locals and those coming to explore the area. 

Ideal operator 

This is the perfect pub opportunity for an experienced Publican who thrives when operating a multi-faceted business. You will have the skills to market the pub successfully and engage with guests through a good website and social media. Above all, you’ll be keen to have an active local presence, organising regular events and entertainment alongside delivering a food offer that is exciting and different to the other pubs in the area. 

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 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 Operations Manager 

Financial Information

Initial Deposit*
£6,000
Full Deposit
£7,001
Legal Fees
£750
Maintenance Fund Per Week
£40
Fixtures and Fittings Weekly Rent
£171
Working Capital
£2,000 - £4,000
Street Check
Click Here

Business Information

Annual Rent
£28,001
Forecasted Annual Wet Turnover
£161,243
Forecasted Annual Food Turnover
£51,807
Forecasted Annual Other Turnover
£3,030
Weighted Average Discount Per Barrel
£131
Agreement
5 Year Tenancy

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