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Food-Led Village Freehouse With Development Potential For Sale

Tiverton, Devon, UK
Asking Price:
On request
Turnover:
£400,187
Net Profit:
Undisclosed

Under offer. Well-established freehold food-led village pub with annual turnover of £400,187, substantial owner's accommodation, extensive outside trading areas, strong community support and positive pre-application for residential development of part of the site, offering significant future value potential.

The Hickory Inn is a highly successful and established freehouse located in the thriving village of Halberton, benefiting from a large and growing catchment across Tiverton, Cullompton, Willand and Sampford Peverell. Renowned for its freshly prepared, locally sourced food, North American-inspired grill menu, popular Sunday all-you-can-eat buffet, vegetarian and vegan options, the business also enjoys strong wet sales with Devon ales, lagers, ciders, spirits and wines. A busy programme of live music, quiz nights and weekly breakfast clubs reinforces its position at the heart of the local community, while being dog friendly and welcoming families.

The impressive premises include a stunning vaulted restaurant seating over 70 guests with its own stage and bar servery, a traditional main bar, fully equipped commercial kitchen, extensive outside trading areas featuring eight enclosed timber dining cabins seating around 50 guests, additional outdoor seating, dedicated BBQ kitchen and customer parking for over 18 vehicles. The generous first-floor accommodation is currently arranged as a spacious owner's apartment but could easily be reconfigured into dual accommodation, staff quarters or reinstated as letting rooms, providing further income potential. The sale includes furnishings and equipment as per inventory, excluding the owners' personal effects. Wet and dry stock together with bar glassware will be purchased separately at valuation on completion.

The business is operated by a team of full-time and part-time staff and offers clear opportunities to further increase wet sales, adapt the food concept or develop alternative trading styles such as a traditional country inn, bed and breakfast, community hub or carvery. In addition, the owners have received a positive pre-planning application to subdivide the site, creating two or three residential dwellings while retaining the pub on a reduced footprint, subject to planning permission, presenting an excellent opportunity for future diversification and added value.

Further financial information is available to bona fide purchasers following a formal viewing. Enquire today to learn more about this outstanding freehold opportunity.

Property Information

Property:

Freehold

Living Accommodation:

Spacious first-floor owner's accommodation currently arranged as one apartment comprising multiple living rooms, domestic kitchen, four double bedrooms, family bathroom and separate WC. The accommodation could easily be reconfigured into two separate apartments, staff accommodation or reinstated as letting rooms.

Location:

Situated in the popular Mid Devon village of Halberton between Tiverton and Cullompton, close to Sampford Peverell and just metres from the picturesque Grand Western Canal. The business benefits from a resident population of approximately 1,800 together with a wide rural catchment and is conveniently located approximately 3.5 miles from Junction 27 of the M5 and Tiverton Parkway railway station, around four miles from Tiverton and 18 miles from Exeter.

Premises Details:

Substantial two-storey period freehold property arranged in an extended L-shaped configuration. Comprises a traditional main bar with central timber bar servery, pool table, darts area, fireplaces and customer seating; impressive vaulted restaurant seating over 70 with exposed beams, oak flooring, stage, separate dining area, dedicated dispense bar and direct access to the outside trading area; ladies', gents' and accessible customer WCs with baby changing facilities; fully equipped commercial kitchen with extraction, Blue Seal Turbo Fan combi oven, stainless steel preparation areas, commercial fryers, microwaves and servery hatch; commercial dishwashing area; freezer room; utility area; temperature-controlled beer cellar and bottle store. First floor currently arranged as spacious owner's accommodation including multiple reception rooms, domestic kitchen, four double bedrooms, family bathroom and separate WC, with scope to convert into dual accommodation, staff accommodation or letting rooms. Outside includes front parking for three vehicles, main customer car park for 15+ vehicles, elevated outside trading terrace with eight enclosed timber dining cabins seating approximately six guests each plus additional bench seating, dedicated BBQ kitchen and external trading facilities.

Planning Consent:

Positive pre-application received for the subdivision of the site to create two or three residential dwellings while retaining the public house on a reduced footprint, subject to planning permission.

Energy Performance Rating:
C

Business Operation

Expansion Potential:

Scope to increase wet sales by targeting the local market, introduce an alternative food concept such as a carvery or traditional country inn, develop bed and breakfast accommodation by converting the existing owner's accommodation back into letting rooms and benefit from the positive pre-planning application to create two or three residential dwellings while retaining the pub, subject to planning permission.

Competition / Market:

Benefits from a large catchment area, strong community support and is largely unopposed within its trading area.

Trading hours:

Monday 5:00pm–11:00pm, Thursday 12:00pm–11:00pm, Friday 12:00pm–12:00am, Saturday 9:30am–12:00am, Sunday 12:00pm–9:30pm.

Employees:
Team of full-time and part-time staff.