Silver Plough, Wiltshire

White Hill, Pitton, Salisbury SP5 1DU

Rent: £55,000* Minimum Investment: £35,000*

We are delighted to present a fantastic business opportunity for an experienced operator. A stunning, traditional, destination, food led pub has become available just outside Salisbury.

The customer areas are extensive and well maintained with a traditional country pub decor. As you enter the pub you will find the main public bar, which leads down to the beautiful restaurant area, both of which are flooded with sunshine during the afternoons. There is also a cosy lounge bar to the side of the pub which opens into a popular skittle alley. An attractive garden frames the front of the pub and benefits from the afternoon sunshine. There is ample parking available. This is an established and successful business particularly in terms of its lunch time and weekend trade. However, there is a real opportunity to develop the evening trade from the affluent local villages.

Key Business Details

  • Rent:
    £55,000 (pa)*
  • Rateable Value:
    £22,216

    To find out how to calculate business rates payable click here

  • Minimum Investment: †
    £35,000
  • Full Investment Breakdown:

    Deposit:
    £7,500
  • Training fee:
    £780
  • Working capital:
    £10,000
  • Fixtures and Fittings:
    £35,000
  • Fair Maintainable Turnover*:

    Turnover:
    £480,000 (pa)
  • Estimated Wet/Dry Split:
    20% wet
    80% dry
  • Available from:
    28 September 17
  • Closing date for applicants:
    31 March 17
» Click here to learn more about the location of this public house

Trade

The Silver Plough is a quality traditional pub with a strong and established food business. It has a long established reputation in the local area for its sensibly priced, home cooked food, as well as its attention to detail and friendly customer service. In addition, there are 2 letting rooms which need to be upgraded before they can generate significant income.

Last three years volume :
Year Beer&Cider barrels Winelitres Spiritslitres Soft Drinkslitres
2015 - 2016 72 1697 77 2687
2014 - 2015 85 1953 80 2653
2013 - 2014 94 2524 94 2782

Accommodation

The private accommodation for this pub is excellent and is detached from the pub itself. It comprises three large double bedrooms, with an extensive lounge with large picture windows from which the views are outstanding. There is also a fully fitted kitchen and bathroom with a separate WC.

Letting Rooms

There are 2 letting rooms which need to be upgraded before they can generate significant income.

Number of Covers

There are 90 internal covers which are supplemented by 30 in the skittle alley and a further 30 in the garden.

Parking Spaces

40

Applicant profile

This is a premium operation catering to the affluent village of Pitton but also attracting large numbers of diners from the surrounding area. The business requires a strong and consistent food offer ideally delivered by the business partnership team or through a known and trusted chef who would probably accompany the successful applicants. A good understanding of marketing techniques and social media would also be a considerable advantage.

Pub Documents

Mostly in PDF format (Get a PDF reader)

  • Asbestos Surveypdf
  • Floor planspdf
  • Premises Licencepdf
  • Boundarypdf
  • Floor planspdf

Misrepresentation Act 1967 We provide these particulars as a general guide to the property.
Misdescriptions Act 1991 No guarantee is given to the accuracy or condition of this description. Hall and Woodhouse advises all potential applicants to rely on their own views when regarding the potential trading opportunity of the property. The information given on this website is not under assurance or warranty. All measurements, areas and distances are approximate.

* Fair Maintainable Trade (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 Area Manager for the pub, 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. 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 for each public house is higher than the minimum investment we will accept 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. 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.

The local area

* Fair Maintainable Trade (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 Area Manager for the pub, 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. 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 for each public house is higher than the minimum investment we will accept 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. 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.