01283 501999

Sherston Hotel

Sherston Hotel Priory Road, Wells, BA5 1SU
Initial Ingoings* :
£6,750
Facilities
  • Accommodation (Private)
  • Beer Garden
  • 12 Spaces Car Park
  • 80 Covers Catering Kitchen
  • Childs Play Area
  • 5 Rooms Letting Rooms
  • Wifi

Overview

Looking to run a pub?

This spectacular country pub and small hotel is already an excellent community mainstream focused enterprise, and there’s plenty of scope for upward growth. The opportunity is ripe for a talented food-focused professional to come in and cement the Sherston as the area’s stand-out dining venue. Introducing a top quality food and letting rooms offer will help to build this business – it clearly has the potential to become an exceptional country pub with an imaginative and diverse menu, attentive, well-informed service and a suite of 5 letting rooms.

The Sherston Hotel is an impressive-looking stone-built property that’s located in a prime position on the edge of Wells in Somerset. This multi-dimensional pub business could shine as a restaurant with rooms perhaps, or be the first choice accommodation for visiting families. With its stunning outdoor area, this lovely pub could certainly become the go-to location for wedding receptions and special birthday parties. There’s a beer garden and a children’s play area, plus a smoking solution and parking for up to 12 vehicles. Inside, the open plan trading space includes a dedicated dining area and the kitchen can cater for up to 80 covers. Free WiFi is provided throughout.

Accommodation

The domestic accommodation consists of one bedroom, a kitchen and a lounge. Punch will ensure that this accommodation is in good order.

About the local area

The Sherston is set on a roundabout on the main road into Wells, a 10- to 15-minute walk from the city centre. Wells is a mediaeval city with a plethora of historical buildings that attract tourists all year round – so there’s a steady flow of guests requiring affordable but high-standard overnight accommodation. This small city is home to 11,500 mainly well-heeled inhabitants, with a further 45,000 living in the pretty villages dotted around this rural area. The Mendip Hills and the Somerset Levels regularly attract ramblers, campers and birdwatchers, while Cheddar Gorge and Wookey Hole Caves appeal to families. Bath and Bristol are both easily reached in under 45 minutes, and the spiritual sanctuary of Glastonbury is 15 minutes away – easily close enough to pick up extra trade when the Glastonbury Festival hits nearby Pilton.

This pub may suit

The ideal publican here will have a proven track record of delivering a high-quality catering and letting offer – past experience in country hotels or B&Bs would be a distinct advantage. You’ll bring with you experience of running a busy and complex small business to the very highest of standards.

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

 

Business Information

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