Prime location, benefits from excellent visibility with high footfall, affluent area
Established reputation in community, attracting tourists, with notable landmarks nearby.
Significant investment made in upgrading historic building inside and outside.
Ample parking at the back of the establishment for locals and passing visitors.
Planning Permission granted to refurbish 3 bedrooms to provide stylish accommodation.
Opportunity to make application to develop 3 more bedrooms, to increase revenues.
Property Overview
Ideally situated in the centre of Downton, its prominent position provides high visibility for passing traffic and attracts a high footfall from the local close-knit community.
The pub is housed in a charming and well-maintained historic building, with an attractive façade showcasing its heritage and character.
The Goat inside exudes a warm welcoming ambiance, 120 seats inside.
The outdoor area seats 80 and provides a delightful beer garden and offers ample parking space for visitors
Business Overview
The Goat has a solid reputation within the community, known for its friendly atmosphere, offering a range of local ales, lagers, wines, spirits, and cocktails. The cosy snug is perfect for private parties or just a cup of tea by the fire.
The Goat also offers an exciting culinary experience and one can select an array of dishes from their hand-crafted menu.
Over the past 3 years, the current owners have invested significantly to upgrade the bar, inside seating areas, kitchen, and spacious restaurant to make The Goat a destination of choice for locals and passing tourists.
Growth Opportunities
According to the owner, the business sales are at £1,035k and there is immense potential to expand revenues by introducing themed events, live music nights, or collaborating with local organisations to host community events.
Also, the new buyer can add another incremental profitable revenue stream, by investing in upgrading 3 bedrooms upstairs, to provide accommodation for visitors as planning permission has now been granted. In addition, there is an opportunity to apply to develop 3 more rooms.
The business also offers a large field that can provide an ideal opportunity to set up a marquee for celebrating special occasions or to develop a Glamping site to cater for outdoor activities.
Investment DetailsThe Goat is available on a leasehold basis, 20-year lease, start date February 2020 and rent payable is £90K pa. Financial profit and loss statements, balance sheets and other information will be made available to serious buyers.
Please contact us to learn more about this exciting opportunity.
