Licensee - Cork & Bottle, Barnstaple

Location
Barnstaple, Devon
Salary
Business Opportunity
Posted
02 Aug 2017
Closes
02 Sep 2017

Licensee - Cork & Bottle, Barnstaple

Minimum Ingoing Costs: £12,990

Annual Rent: £31,500

Annual Turnover: £377,833

Transformational Refurbishment Planned!

Subject of a proposed refurbishment, the Cork & Bottle benefits from a prime location within the centre of Barnstaple. This traditional market town is the largest shopping area in North Devon and is popular with shoppers and diners from both the local and surrounding areas.

Current trade is predominantly wet, serving quality beers, ciders and cask ales with a small food offer. The pub is also well known locally for its regular entertainment and has established sports teams. The proposed investment is planned to transform the Cork & Bottle into a stylish and contemporary bar, offering great coffee, food and beer. Once refurbished, the pub will be set up to meet different customer needs as the day unfolds, from casual dining, artisan coffee and WiFi during the day, to a vibrant and stylish bar offering a range of quality drinks and entertainment in the evening.

Excellent Opportunity

This is a fantastic opportunity to take on a pub business that’s ready for refurbishment and growth. The proposed refurbishment will help the right operator develop this fantastic opportunity, repositioning it for a new target audience.This project would be ideal for an operator who has the skills to expand the currents drinks led trade to a much broader offer with a focus on food and entertainment.

Important information

Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.