01283 501999

Princess Royal Inn

Canon Street, Taunton TA1 1SW, UK
Initial Ingoings*:
£6,750
Facilities
  • Accommodation (Private)
  • 28 Covers Catering Kitchen
  • Function Room
  • Live Entertainment
  • Live Sports
  • Team Games

Overview

Could you run this pub?

The Princess Royal is the hub of the local community. A traditional, family orientated, pub situated in the historical town of Taunton. Well known for hosting lots of community activities and home to many local pub sports teams, including pool and darts. This much-loved pub is well supported by the community who enjoy all this pub has to offer with its great food and drink offer, complimented by regular events and live entertainment at the weekend. Customers also love to spend time making good use of the double skittle alley. The Princess Royal has something for everyone to enjoy.

Business facilities

The Princess Royal is an attractive pub with parking available for 5 cars at the front of the building. Customers enter the pub through the front of the building straight into the main bar area. A great space which is well presented and has comfortable seating for both dining and drinking. Here you will also find a dedicated area where the full-sized pool table, dart board, games machine and juke box are in regular use. To the rear of the pub is an attractive beer garden with several tables and children’s play equipment. The perfect space for customers to enjoy a cold drink on those sunny days. Access to a well presented, dedicated smoking shelter is at the side of the pub. The  double skittle alley is situated to the rear of the pub, this space doubles up as a function room that is regularly used for conferences, private parties and community events. This is a fantastic space capable of seating up to 50 guests.

Accommodation

Your domestic accommodation will include 4 bedrooms a private kitchen and lounge.

About the local area

The Princess Royal is a beautifully presented, traditional pub, well positioned in the centre of the flourishing town of Taunton. The pub is a short walk from Somerset’s county cricket club, The Cooper Associates County Ground, and benefits from visiting cricket fans to the area.

Taunton is a densely populated town and The Princess Royal is the hub of the local community with strong support from local residents, families and visitors.

This pub may suit

We are looking for an experienced operator/operators who are passionate about great hospitality and have an enthusiasm for traditional pub team activities. Together with a great personality to build strong and lasting relationships within the local community and the ability to develop a food offer and host local events which drive customers to the pub all year round.

About the agreement

Our Tenancy agreements vary between 3 – 5 years and offer a flexible approach to running your own pub business. Your pub will be ready to trade, with carefully tailored food and drinks menus in place which you can evolve as you go along.

You will receive a high level of support and everything you need to run a successful business. From the beginning, you will have dedicated Punch Development Manager, plus access to training and development, business planning, operations and accounting expertise.

Once you’ve completed the 5-day induction course we’ll provide you with ongoing support to help you maximise the efficiency, sales and profitability of your pub. This includes helping you decide on the right drinks offer, guidance on margin and support creating a marketing plan to build for continued success. To help market your pub, we also offer lots of support and advice.

Punch Tenancy agreements have shared repairs liability, we will help you manage your ongoing repairing obligations. We do this by operating a repairs and maintenance fund for all new agreements.

* The calculation of the initial Ingoing Costs assumes a minimum deposit (£3,000 or £6,000) plus legal fees. The subsequent deposit build up (if any) will need to be paid over 52 weeks. This can be discussed with the recruitment team or Punch Development Manager

 

Financial Information

Initial Deposit*
£6,000
Legal Fees
£750
Maintenance Fund Per Week
£40
Working Capital
£2,000 - £4,000
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