Wheelwright Inn, Devon

Swan Hill Road, Colyford, Devon, EX24 6QQ

Rent: £30,000* Minimum Investment: £25,000*

The Wheelwright is a quality traditional pub that trades well at lunch times, evenings and across the weekend.

It is a popular destination that enjoys a reputation for fine food and a great atmosphere. The function dining room to the rear of the pub allows the pub to cater for large parties, meetings etc and is currently well used for live music. The outside is very picturesque and is often photographed. Internally there are many different areas for customers to enjoy and a central kitchen that is very well equipped.

Key Business Details

  • Rent:
    £30,000 (pa)*
  • Rateable Value:
    £19,060

    To find out how to calculate business rates payable click here

  • Minimum Investment: †
    £25,000
  • Full Investment Breakdown:

    Deposit:
    £7,500
  • Training fee:
    £7,800
  • Working capital:
    £10,000
  • Fixtures and Fittings:
    £
  • Fair Maintainable Turnover*:

    Turnover:
    £250,000 (pa)
  • Estimated Wet/Dry Split:
    30% wet
    70% dry
  • Available from:
    1 October 17
  • Closing date for applicants:
    31 July 17
» Click here to learn more about the location of this public house

Trade

The Wheelwright is a popular destination that is patronised with customers from the nearby town of Seaton as well as travellers heading to Honiton in the west and Dorchester to the east. Although there is only a limited car park there is also ample roadside parking. Trade increases in the summer months with tourist activity and can easily exceed £10k per week.

Last three years volume :
Year Beer&Cider barrels Winelitres Spiritslitres Soft Drinkslitres
2016 - 2017 67 1670 70 1930
2015 - 2016 78 1923 87 1978
2014 - 2015 82 1335 103 1308

Accommodation

The character private accommodation above the pub comprises a lounge, bathroom and 2 bedrooms.

Letting Rooms

There are no letting rooms.

Number of Covers

There are 70 to 80 internal covers with a further 17 in the garden.

Parking Spaces

15

Applicant profile

This public house would suit a couple with catering prowess who are looking for a traditional pub where they can flourish and continue the Wheelwright’s reputation for good food.   It is key that offering great hospitality to their guests is part of their ethos.   An understanding of marketing and how to maximise the available space in the pub is an important consideration.

Pub Documents

Mostly in PDF format (Get a PDF reader)

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

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 Wheelwright sits on the A3052 in the small village of Colyford.

The pub is on the outskirts of the seaside town of Seaton which falls in East Devon. Lyme Regis is 6 miles away, Sidmouth 9 miles, Honiton 11 miles and Dorchester 32 miles.

The local area

Devon is a county of England, reaching from the Bristol Channel in the north to the English Channel in the south. It is a part of South West England, and bounded by Cornwall to the west, Somerset to the north-east, and Dorset to the east. The City of Exeter is the county town; seven other districts of East Devon, Mid Devon, North Devon, South Hams, Teignbridge, Torridge, and West Devon are under the jurisdiction of Devon County Council; Plymouth and Torbay are each a part of Devon but administered as unitary authorities. Combined as a ceremonial county, Devon’s area is 6,707 km2 (2,590 square miles) and its population is about 1.1 million.

Geographically, Devon is distinguished as the only county of England to have two separate coastlines (northern and southern), both of which are peppered by lofty cliffs and sandy shores; Devon’s bays are typically used as fisheries, ports or seaside towns used for tourism.  The inland terrain of Devon is broadly rural and hilly, and has a low population density in comparison to other counties of England. Dartmoor, the largest open space in southern England at 954 km2 (368 square miles) is indicative of the Devonshire uplands, covered with wide moorland and underlying granite geology.  In the valleys and lowlands the soil is fertile, traversed by rivers such as the Exe, the Culm, the Dart, and the Otter.

The economy of Devon is linked closely with tourism.  The comparative mild climate and the landscape give rise to Devon as a destination for recreation and leisure in England, with travellers particularly attracted to the Dartmoor and Exmoor national parks, the Jurassic Coast, North Devon’s UNESCO Biosphere Reserve, the Cornwall and West Devon Mining Landscape and the ribbon of resort towns along the south-coast known collectively as the English Riviera.

* 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.