The new Business Partners here will ideally have the skills to reintroduce, develop and maintain the hotel element of the business along with assessing the menu requirements for this style of trading and maintain the very traditional ambience. Good marketing skills and use of social media platforms to promote the letting rooms would be an advantage.
The Bell Hotel sits in a prominent position in the centre of the historic market town of Faringdon and benefits from all the characteristics of the traditional coaching Inn. With nine letting rooms, bar, snug, and restaurant this site has all facilities to develop an already solid business. Investment into the letting rooms along with marketing through social media channels will aid the future success of this site.
- Deposit £8,000
- Fixtures & Fittings TBC
- Stock (estimated to be) £3,000
- Working capital (minimum) £10,000
- Total (circa) £21,000
This site trades in three areas plus the letting accommodation. The Bar has two open fireplaces with seating for 30, snug has seating for 20 and could double as a PDR or meeting room, the restaurant has seating for 36. The trade kitchen is to the rear. The site offers 2 family, 1 twin, 1 single and 5 double letting rooms.
The secluded cobbled courtyard has seating for approx. 30, leads to the small car park, old stable blocks which now house the laundry and storage. Access to the dry store, cellar and kitchen are from the courtyard. At the front is pavement seating for a further 20.
The accommodation is situated on the second floor and is an open plan manager’s flat, there is also a one bedroom staff accommodation accessed from the courtyard.
For more advice on taking a pub tenancy and benchmarking costs of similar pubs, go to:
Code of Practice Tenants: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Tenants.pdf
Code of Practice Lessees: www.thepubgoverningbody.co.uk/wp-content/uploads/2016/08/Code-of-Practice-Lessees.pdf