Strode Arms
Cranmore
Shepton Mallet
Somerset
BA4 4QJ
Est. Ingoing Costs £17,000
More about Strode Arms
The new business partners will ideally be owner operators with a good level of catering skills and superb communication skills. They should be village focused and want to become a key part of the community. This site would suit operators with previous experience in the trade and running a site that caters for a local community as well as visitors. Enthusiasm and drive would add value to what is an already solid business.
This fantastic village pub sits directly opposite the village duck pond and has all the hallmarks of a great traditional British pub. Cranmore is a short distance from the thriving communities of Frome and Shepton Mallet. The Strode Arms can comfortably seat 82 throughout, the fully equipped trade kitchen can effortlessly cater for these numbers. The business is trading 60/40 in favour of food and is well patronised. The flat adjacent to the private accommodation on the right-hand side of the building could provide an additional benefit to the business with the possibility of using it as a letting apartment or Air B&B after investment.
- Deposit £8K
- Fixtures & Fittings TBC
- Stock (estimated to be) £4K
- Minimum working capital £5k
- Total (circa) without fixtures and fittings £17K
Rent £26,000 per annum
Maintenance Service Agreement (MSA) £TBC
Business Support Package £1,560 per annum
The trading areas are spread over 4 separate spaces, the far end of the pub is set for dining and can seat 30, it is adjoined by a snug room with space for 14, and a log burning stove provides a characteristic addition. The main bar has an inglenook fireplace with further seating, this leads through to another bar seating area.
The pub benefits from a rear car park with 20 spaces, with an additional 6 spaces at the front of the pub. The picturesque front has a fenced patio area with 7 benches and the rear garden has 5 benches. There is a double garage/storeroom and car port.
The private accommodation has 3 bedrooms, an office, a large lounge with fully fitted kitchen and a bathroom with a shower bath. A separate one bedroom fully contained flat with a private entrance has potential for either staff accommodation or letting, although it does require investment.
For more advice on taking a pub tenancy and benchmarking costs of similar pubs, go to:
BBPA: www.beerandpub.com
ALMR: www.almr.org.uk
BII: www.bii.org
PEAT: www.bii.org/BII/Industry-Advice/PEAT.aspx
Code of Practice Tenants: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Tenants.pdf
Code of Practice Lessees: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Lessees.pdf