Hankridge Way, Taunton, Somerset, TA1

The Hankridge has been lovingly restored from a dilapidated old farmhouse in the 1990's and the guest area divides into two parts; the characterful bar area with a large original fireplace and seating for 30-40 guests, and the restaurant area which contains many historic features and can seat 40-50.

There is a premium fully equipped catering kitchen and a large cellar all on the ground floor. Upstairs is a separately accessed function room and spacious private accommodation. The business is well known in the area, having gained a great reputation for food, so the ideal applicant will be able to demonstrate the ability to work with a premium site and the desire to capitalise and expand upon an already busy offer.

Riverside, Taunton

The Hankridge Arms sits in the middle of the thriving Hankridge Retail Park and serves a variety of shoppers and business personnel based in the significant number of offices in the immediate area.

The pub is surrounded by the national retail giants of Sainsbury's, Halfords, PC World, Costa, The Range and many others. At the other end of the retail park is a multiplex cinema, ten pin bowling, B&Q, McDonalds, and a Travelodge. Across the road from the retail park is a business park containing many professional offices, a Premier Inn and a Harvester restaurant. All of this is situated just off Junction 25 of the M5, and less than 10 minutes drive from the centre of Taunton.

The private accommodation is spacious and well maintained, with a minimum of 2 bedrooms plus a separate lounge, kitchen, bathroom and office.

Bedrooms - 3

Private kitchen - Yes

Lounge - 1

Bathroom - 1

Office - 1

Trade

The current business model unusually demonstrates that weekday lunchtimes are some of the busiest sessions of the week, reflecting the Hankridge's unique location. The operation caters to a genuinely eclectic mixture of guests.

Top Line Figures
Rent: 8.5% of turnover
Initial Investment: £30,000
Fair Maintainable Trade* (FMT) Turnover: £650,000 per annum
Full Investment Breakdown ?
Deposit: £7,500
Training Fee: £1,200 incl. VAT
Change of DPS Fee: £200 incl. VAT
Digital Assets Fee: £200 incl. VAT
Working Capital: £10,000
Fixtures & Fittings: circa £52,000 Loan facilities are available for the purchase of fixtures and fittings).
Additional Information
Estimated Wet/Dry Split: 25%/75%
Business Rates: N/A
Available From: Immediately


"The ideal applicants will be experienced operators able to demonstrate the ability to run a multi-faceted business serving a wide cross-section of guests. We're looking for Business Partners who will be able to market the business effectively, and promote the pub and its offer to the thousands of retail park visitors.

Energy and drive will be major qualities required in running this business, which has the opportunity to trade from breakfast (the Travelodge next door is without a breakfast offer), through the day (for shoppers and business people) and on to late dinners (as there is a cinema and bowling alley in the retail park)."

Scott Rhodes-Ward

Business Development Partner, South West Region