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A beautiful country pub, brimming with character and charm

The Old Inn, Widecombe is a Grade II listed building which befits its history dating back to the 14th century. A large traditional country pub with genuine character and exceptional warmth, this wonderful pub has trading space with circa 200 covers and a commercial kitchen able to cope with serving a busy pub and garden. The Old Inn deserves a visit to be fully appreciated. This is a prestige Business Partnership site that has been in the same hands for the past decade and although sad to see them go, we are on the lookout for the next custodians for this beautiful pub in a stunning country setting.

Gallery

Location

Dartmoor
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Situated in the heart of Dartmoor, the Old Inn boasts a large garden with stunning views of the Moors. It is a great place to watch the sunset, and is the perfect base for exploring the Moors. Particularly the famous landmarks like Haytor Rocks and the wonderful “Cathedral of the Moor”. It is approximately 20 minutes from Newton Abbot and 30 minutes from Torquay. The village of Widecombe is famous for it’s fair, which is celebrated by a folksong featuring Uncle Tom Cobley and all. There are several gift shops in Widecombe (including the National Trust), cafes and a second pub – the Rugglestone which is a free house.

About the Pub to Rent
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The Old Inn is open all day, all year round and is significantly boosted by the influx of summer tourists and ramblers to the area. In the winter, when snow falls on Dartmoor, the pub becomes very popular with locals taking a break from sledging and snowman building! Turnover is split one third liquor and two thirds food with a total turnover figure in excess of a million most years. The large garden can effectively double the pub’s capacity and the car park and local roadside parking means that large numbers can be encouraged and accommodated.

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Main Living Space:

  • 3 bedrooms
  • Lounge
  • Kitchen

Separate Flat:

There is also a separate 1 bedroom flat and a 3 bedroom team house off site at additional cost.

Top Line Figures

  • Rent:  9% Turnover Rent
  • Initial Investment: £40,000
  • Fair Maintainable Trade* (FMT) Turnover: £1m per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,200 incl. VAT
  • Working Capital: £30,000
  • Fixtures & Fittings: TBC

Additional Information

  • Estimated Wet/Dry Split:  30%/70%
  • Business Rates:  Approx. £53,000
  • Available From:  1st November 2024
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British Institute of Innkeeping:  https://www.bii.org/

British Beer and Pub Association:  https://beerandpub.com/

Pre-Entry Awareness Training (PEAT):  https://www.bii.org/BII/Industry-Advice/PEAT.aspx

Personal Licence:  https://www.gov.uk/government/publications/personal-licence-application–2

More Pubs to Rent: https://www.hall-woodhousepartnerships.co.uk/pubs-for-rent

Misrepresentation

* Fair Maintainable Trade (FMT):

FMT is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Business Development Partner for the pub to rent, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process.

Code of Practice:

Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.

† The Full Investment Breakdown:

The Full Investment Breakdown for each public house is higher than the minimum investment we will accept. This is because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies.

Working Capital:

The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.

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