Great Cask Ales
The New Inn overlooks the Market Place, close to Buxton Town Hall in the upper part of the Town. With a population of 22,000 Buxton is an affluent market town, surrounded by the Peak District National Park and with a thriving arts scene, with theatres and festivals it hosts numerous cultural events throughout the year. Buxton, known as the gateway to the Peaks, attracts both day trippers and longer stay tourists, the numerous attractions within the town, combined with the wide selection of independent retailers and high street brands ensures a busy welcoming atmosphere in the town. Buxton is also home to a campus of the University of Derby with a sizeable student population studying in Buxton.
The domestic accommodation is arranged over two floors, on the first floor there is one bedroom, a large lounge, kitchen and bathroom. On the second floor there are a further six bedrooms. In addition there is a third attic floor which is currently unused and has restricted access.
New Inn Buxton
2-3 MARKET PLACE
The New Inn is an attractive, mid-terraced pub, built from local stone and facing onto the Market Place in the centre of Buxton, the highest market town in England, famous for its Natural Spring Water and Georgian Architecture. The New Inn was recently refurbished and is in good condition throughout. Trade at the New Inn should focus on cask ales, bottled craft beers, quality wines and spirits, as well as regular entertainment with a quirky alternative feel. Ideally, we are looking for a couple with some licensed trade experience but, more importantly, a real passion for quality cask ales as this is an area that could be further developed. A catering kitchen has also been installed to help provide an opportunity to develop a food trade to complement the existing trade at the New Inn.
This pub has been refurbished to a high standard. There are two trading rooms at the New Inn, the main lounge bar with its feature bar servery, wooden floors and open fire is the main trading area. To the rear is a second snug, which has a serving counter and a welcoming cosy feel, the snug can also be used for meetings and small functions if required. A brand new catering kitchen has been installed on the first floor enabling bar food to be prepared and served. Marketing support will be made available to the new licensee to launch this offer. There is a small drinks terrace to the front of the pub overlooking the busy market place.
Rent: £16,000 per annum
Potential FMT turnover: £252,357
A barrel is a unit of measurement adopted by the pub and brewing industry. A barrel is 36 gallons or 288 pints. This excludes wines, minerals and spirits.
|Current MAT Barrelage||166|
|Last Year's MAT Barrelage||208|
|2 Years Ago MAT Barrelage||127|
|3 Years Ago MAT Barrelage||153|
Discounts excl VAT
This rent assessment includes a discount of £65 per barrel on Robinsons beers and up to £75 on other beers and ciders.
Level Of Investment
This is a one-off payment made at the start of the vacancy agreement. All figures are estimates and exclude VAT.
|4 Week's Rent||£1,230|
|Stock & Glassware||£5,000|
|Fixtures & Fittings||TBC|
FMT barrelage: Please note that this assessment is based on the "fair maintainable trade" that can be achieved by a "reasonably efficient operator" and is not therefore a guarantee of volume or consequential sales or profit.
Similarly Historic performance, whilst a significant factor to consider, is not a guarantee of future performance of a pub and you should bear this in mind in your assessment of trading potential.