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Character Freehold Village Pub With Accommodation For Sale

Bideford, Devon, UK
Asking Price:
£495,000 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

Character 13th-century freehold village pub in Buckland Brewer, North Devon, with a three-bedroom owner’s cottage, additional one-bedroom flat, beer garden, function space and private car park.

Under the same family ownership for 35 years, the business is currently owner-operated on reduced hours ahead of retirement. Turnover of £230,000–£245,000 is being achieved on the current schedule, including a six-week holiday period, while £350,000–£360,000 was regularly achieved when trading seven days per week.

The character trading areas include a lounge bar, two restaurant areas, further seating, commercial kitchen and skittle alley/function suite. The pub hosts five winter skittles teams, a darts team and quiz nights, with an estimated wet/dry sales split of approximately 55:45.

Outside are customer seating areas, a lawned beer garden and private car park. The adjoining three-bedroom owner’s cottage has its own private garden, while the separate one-bedroom flat is stated as suitable for Airbnb/holiday letting, letting or additional owner’s accommodation.

Offers are invited in the region of £495,000 for the freehold interest, including trade fixtures, fittings and equipment and business goodwill, with stock purchased separately at valuation.

Property Information

Property:

Freehold

Living Accommodation:

Adjoining three-bedroom owner’s cottage with a private garden and self-contained street-level entrance, comprising lounge, dining room, kitchen, four-piece wet room and three bedrooms. Also includes a separate first-floor one-bedroom flat with lounge, kitchen and bathroom.

Location:

Situated on the main arterial road through the North Devon village of Buckland Brewer, close to the village shop and primary school. Bideford and Great Torrington are both approximately six miles away. The village has around 1,200 residents and has grown through completed housing developments, with further new homes being added.

Premises Details:

Character 13th-century thatched public house featuring beamed ceilings, exposed stonework, fireplaces and wood burners. The trading premises comprise a main lounge bar, two restaurant areas, additional seating, commercial kitchen, skittle alley/function suite, cellar, utility room and customer toilets.

Outside, there is front customer seating, a lawned side beer garden with further seating and a children’s activity frame, plus a private rear car park, freezer/fridge store, owner’s garage/workshop and log store.

Business Operation

Expansion Potential:

The current reduced opening hours provide scope to increase trading, with turnover of £350,000–£360,000 regularly achieved when the business previously operated seven days per week. The separate one-bedroom flat also offers potential for Airbnb/holiday letting or other letting use.

Reasons for selling:

Retirement.

Trading hours:

Monday: 7pm–11pm during skittles season
Tuesday: Closed
Wednesday–Saturday: 12pm–3pm and 6pm–11pm
Sunday: 12pm–6pm

Employees:
35 years under the same family ownership.