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Letting Rooms
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Restaurant/Dining
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Coastal
Property details
The Washford Inn is located in North Devon, on a main road route towards Butlin’s, in a beautiful part of the country with strong seasonal trade potential. The briefing does not state the number of adults within walking distance, but the pub benefits from limited local competition, with one key competitor noted - The White Horse, described as a lovely old-fashioned pub with rooms. The pub currently attracts a loyal but more mature demographic, with limited younger custom, and relies on weekend trade with little daytime use. Following refurbishment, the pub will be repositioned to attract families, casual diners, walk-ins and destination visits, with a stronger food, drink and letting room offer, helping it appeal to tourists, hikers, workers and the more affluent local market.
The pub’s trading area and facilities post-refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- Separate games/sports zone
- Refitted catering kitchen
- Letting rooms
- Improved external appeal
- 2-3 cask ale offer
- Proper coffee offer
- Occasional entertainment
The private accommodation consists of three bedrooms, a lounge, a kitchen, and a bathroom.
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Cask Ale
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Catering Kitchen
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Team Games
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Experienced Operator
Trading style
There is a refurbishment planned in the region of £440,000 to transform the Washford Inn into a standout roadside pub with stronger external appeal, a refitted kitchen, and compliant letting rooms.
If you’ve benefited from running or owning a pub business, the landlords would love to hear what experience you can bring.
The right operator for Washford Inn will have extensive experience in food-led hospitality businesses with letting rooms. They will have a clear vision for the food and drink menu, how to make the most of seasonal tourist trade, and how to create a memorable experience for families, locals, walkers, and visitors to the area.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell the landlords what you can bring to this pub’s next chapter.
Key financials
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Reference Number:
8M9JTW / 0010498101
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£66,153.00
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Annual Rent:
£44,610.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.
Annual:
Estimated Annual Turnover £518,224
Annual Rent £44,610
Entry Costs:
Deposit £11,653
Estimated Fixtures & Fittings Value £45,000
Stock Valuation £6,000
Working Capital Required £3,500
Indicative entry costs £66,153
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.