Hilton Smythe welcomes to the market The Red Tile Inn. The property has been home to a country inn for over 200 years. This is a great asset to the village that benefits from a generous repeat loyal trade. Our clients have owned the pub for over a year but are now looking to sell, due to the desire to take a well-deserved retirement.
This pub is a traditional dog friendly country inn set on a leafy country road. The business splits its trade 80% wet sales, mostly real ales, larger and spirits, to 20% dry sales. This is a destination eatery that has a varied menu with some traditional pub classics as well as some speciality dishes. This includes Paella, Mediterranean salad, burgers, steaks, sausage and mash, fish and chips, steak and ale pie and calamari as well as a popular carvery. All meat products are sourced from local suppliers.
The business generated a turnover in the region of £105,000 as of the 2016 accounts, with a gross profit of 47%. The new owners should look to extend opening hours to allow for more custom.
The pub has a skittle alley, this is used by four local skittles teams. The alley can also be used by regular customers when not in use by the teams. Pub games are a great way of bringing in repeat loyal trade. There is a large games room, currently unused. The new owner should look to introduce a pool table, there is a darts board in place with no teams. This should encourage more pub teams and competitions at the pub.
The pub has an excellent online presence with the business website and Facebook page, which are both kept regularly updated. (www.theredtileinn.co.uk) The pub also features on TripAdvisor were there are some excellent reviews.
Included in the sale is a three-bed owner's accommodation which is situated above the pub. The pub is set on a one acre site, with several outer buildings and two beer gardens, perfect in the warmer summer months.
This would be a perfect opportunity for a husband and wife team looking to work hands on at the pub. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
Remaining lease length: 6 years as of 2016.
Rent: £25,000 per annum
Longer lease available if required.
HOURSThe business opening hours: -
Monday: 17:00pm - 21:00pm
Tuesday: 17:00pm - 23:00am
Wednesday: 17:00pm - 21:00pm
Thursday: 17:00pm - 23:00am
Friday: 17:00pm - 23:00am
Saturday: 12:00pm - 23:00am
Sunday: 12:00pm - 18:00pm
Monday: No Food
Tuesday: No Food
Saturday: 12:00pm-15:00pm & 18:00pm-21:00pm
STAFFThe business is run and managed by our clients, with the help of a self-employed chef.
FINANCIAL PROFILEThe business generated a turnover in the region of £105,000 as of the 2016 accounts.
Gross profit 47%
The Red Tile Inn is located in Cossington, Bridgwater, Somerset.
The pub is set on a country road in the rural location of Cossington. This is a great village just 5 miles from Bridgewater town centre. This area is surrounded by stunning Somerset country, close by are farms, Cossington village hall, a church and primary school. The road on which the business is set on is a main road through the village. Middle Road connects Cossington with Chilton Polden, Edington, Catcott and Shapwick.
Cossington lies north of Polden Hills, which is mostly managed by Somerset Wildlife Trust. This natural space is key to maintain various rare species of butterfly and other wildlife. The village had a population of circa 564 as of the 2011 census, this is slowly increasing.
The area is minutes away from the M5 motorway and the A39. These great road connections allow for an easy commute to surrounding towns. Weston-Super-Mare and Taunton are both just 18 miles away.
The Red Tile Inn is set on one acre of land, this includes a paddock, two beer gardens and parking for 30 cars. The property is a substantial size and stands out with its white wall exterior. This is a traditional pub bursting with character.
The premises briefly comprises: -
The main bar area has many original features such as the beamed ceiling, stone flooring, stone built bar and open log fire. This area has around 6 covers.
Plenty of character again with exposed stone floor, stone built corner bar servery and exposed timbers. This area has a further 16 covers.
This room is currently unused, this would be a perfect sized room for a pool table, dart board and further seating.
Skittle alley with 4 local teams.
Carvery room with 12 covers and a mobile carvery hot cabinet.
Fully fitted stainless steel trade kitchen.
Ladies and gent's WC
Three-bedroom owner's accommodation, this is an excellent size with lounge, kitchen, bathroom and three bedrooms.