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Loddiswell Inn, Kingsbridge

Loddiswell, TQ7 4QJ

Your investment

£15,000

Agreement Type

Tenancy

The village of Loddiswell is located in the heart of the beautiful South Hams area of Devon. To the north is Dartmoor National Park (8 miles), to the east the borders of Torbay (20 miles), and the west Plymouth (18 miles). This area has some of the most unspoiled coastlines on the south coast, including the promontories of Start Point, and Bolt Head.

The village of Loddiswell is located in the heart of the beautiful South Hams area of Devon. To the north is Dartmoor National Park (8 miles), to the east the borders of Torbay (20 miles), and the west Plymouth (18 miles). This area has some of the most unspoiled coastlines on the south coast, including the promontories of Start Point, and Bolt Head.

Pub Layout

The Loddiswell Inn is a traditional pub occupying a corner plot right in the centre of the village. There are two interlinked trade areas both served by an attractive bar area, with open fires and a secondary raised seating area that is ideal for functions and Sunday lunches. There is a well equipped commercial kitchen and a lovely cosy patio area. The Loddiswell Inn is a versatile property with much to offer the new owners. The Loddiswell is exactly what you expect to see when walking into a small village pub.

The pub is well frequented by many of the local villagers with a boost to trade coming from the surrounding towns and villages including Kingsbridge, East Allington and Bigbury. Trade is increased by the natural influx of visitors to the South West during the summer months of the year, although the Loddiswell is popular year-round.

Private Accommodation

Private accommodation consists of two bedrooms, a kitchen, lounge and bathroom.

 

Annual Rent: £14,500

Security Deposit: £5,000

Working Capital: £7,000

Stock: £3,000

Fixtures and Fittings: Upon Valuation  – funding options available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

The Loddiswell must aim to be the hub of the local community it is unopposed and sits in the heart of the village. The successful applicant must be able to demonstrate a good working knowledge of village life; they must be able to fit in and offer the village something for everyone in that community. Historically this pub has always benefited from a 50/50 wet dry split so would suit someone with a love of cooking great food using local fresh ingredients.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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