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Tally Ho

The Tally Ho, Hungerford Newtown, Berkshire, RG17 0PP
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FREE OF TIE

Facilities

Cask Ale
Catering Kitchen
Free of Tie
Letting Rooms
Car Park
Restaurant/Dining
  • Cask Ale
  • Catering Kitchen
  • Free of Tie
  • Letting Rooms
  • Car Park
  • Restaurant/Dining

Location

Free of Tie rural site with an excellent reputation

Ingoing Cost: £39,500.00
Rent: £32,000.00
Agreement Type: Tenancy
Reference Number: GSG2M8 / 200918

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Property Features:

Situated in an area of outstanding natural beauty, the Tally Ho provides a warm welcome all year round and benefits from a prominent roadside position, half a mile from J14 of the M4.

This site is a cosy, country pub with plenty of character. The open plan bar area can comfortably accommodate 60 covers and boasts a log fire that creates a welcoming atmosphere. There is also a large, well-equipped catering kitchen that supports the well-regarded menu that is offered at the pub. The two en-suite letting rooms provide another valuable income stream and have high occupancy rates. The pub is in good decorative order throughout.

Externally there is a patio area with seating for 30 with a further 16 covers to the front of the pub, and the site has a good-sized car park.

Trading Style:

The Tally Ho is a community-owned pub that is currently very profitable yet still with scope for further development. The split between the food and wet trade is 65/35. There are well-kept cask ales regularly on the bar with a locally sourced home-cooked menu that draws in custom from the wider area. The pub has a great reputation both locally as well as online and featured on Channel 5's "Hotel Inspector" in 2018 as an example of how to run B&B accommodation. The pub is also popular with walking groups and cyclists as well as hosting well-attended event evenings such as quiz nights and steak evenings.

The pub would suit a community-minded couple with catering experience who can split the kitchen and front of house roles effectively. The community owners objectives are to maintain a popular, viable and successful country pub, so it is vital that the successful applicants are prepared to work to ensure these are met. The owners are more than prepared to be negotiable with terms for the right operator and happy to offer any initial training if required.

Private Accommodation:

To the first floor is a manager's flat with an en-suite bedroom, kitchen and living room that is currently used as an additional letting room. 

Key Financial Information

Please note that the energy performance certificate is available from the landlord.

7-year tenancy available

Ingoings consist of:

£6.5K stock (approx.)

£8k – rent deposit (3 months)

£20K – fixtures, fittings and goodwill

£5K - un-borrowed start-up funds

Fixtures and fittings to be on a full repair/replace/insurance agreement.

 

 

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