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White Hart, Radstock

Radstock, BA3 2HQ

Your investment

£13,000

Agreement Type

Tenancy

The White Hart is a large semi-detached pub in the heart of Midsomer Norton in the town centre. Rumoured to be the best-preserved coal mining town in England as well as inspiration for the name of the long-running television series Midsomer Murders. Midsomer Norton has boomed since the 1700s and this history can be found at the Midsomer Norton Museum. The town and area attract visitors for walking or cycling. The Midsomer Norton Farmers’ Market is hosted on each first Saturday of the month on the high street – perfect for local meat, fish, fruits, vegetables and cheeses. There are many green spaces surrounded by shops right in the middle of the high street. The popular Somerset and Dorset Railway, a heritage trust line run by volunteers that is being lovingly restored, brings in many tourists. The local population is approximately twelve thousand and has an equal spread of age distribution.

The White Hart is a large semi-detached pub in the heart of Midsomer Norton in the town centre. Rumoured to be the best-preserved coal mining town in England as well as inspiration for the name of the long-running television series Midsomer Murders. Midsomer Norton has boomed since the 1700s and this history can be found at the Midsomer Norton Museum. The town and area attract visitors for walking or cycling. The Midsomer Norton Farmers’ Market is hosted on each first Saturday of the month on the high street – perfect for local meat, fish, fruits, vegetables and cheeses. There are many green spaces surrounded by shops right in the middle of the high street. The popular Somerset and Dorset Railway, a heritage trust line run by volunteers that is being lovingly restored, brings in many tourists. The local population is approximately twelve thousand and has an equal spread of age distribution.

Pub Layout

The White Hart is built of local stone with a traditional public bar layout, well supported by the locals with an open fire and fully stocked bar. There is a trading snug room off the bar and a much larger lounge bar with another fully stocked bar servery. The lounge bar leads out to a small courtyard garden area with six outside tables. The entrance lobby has an old settle and jug and bottle hatch. At the front of the pub, there are some outside tables to sit out and watch over the town. The well-equipped trade kitchen is located on the ground floor and the kitchen feeds the lounge bar area.

Trading Style:

The public bar seats approx. 20 covers, the snug, 16 and the lounge bar 25. At present the pub trades with wet sales only and this trade is very strong with some excellent barrelage figures. There is real scope to introduce a traditional pub food offer and this is supported by a trade kitchen to deliver this well.  With the enhancement of pub teams and entertainment, there is a real opportunity to further increase trade. There is a good cask ale range as well as interesting ciders on offer. The décor, fixtures & fittings are of a very traditional style befitting the nature and character of the pub and its traditional look and feel make this an immensely popular pub in the town.

Private Accommodation

The private accommodation consists of a kitchen, bathroom, living room and three good sized bedrooms.

Annual Rent: £28,000

Security Deposit: £5,000

Working Capital: £5,000

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: £250 plus VAT

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

We are looking for an experienced publican who understands the area well. You must be passionate about retail standards, have a love of community life and the ability to look after and grow the local trade opportunity. A passion for real ale and ciders is a must.

The White Hart is a fantastic traditional pub loved by the local clientele. This traditional looking pub and great community offer is well established and could be further improved by the introduction of food to complement an already popular business. We are seeking a superb operator who thrives on this style of trading.

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 – £30.10 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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