FOR SALE
21/07/23
517012
BPD231096 / Rightbiz
Key Features
· Prime location, in the heart of Downton, Salisbury, Wilts
· Established reputation in community, attracting tourists, with notable landmarks nearby.
· Significant investment made in upgrading historic building inside & outside.
· Planning permission granted to refurbish 3 bedrooms to provide stylish accommodation.
· Opportunity to make application to develop 3 more bedrooms, to increase revenues.
Business Overview
· Ideally situated in the centre of Downton, its prominent position provides high visibility for passing traffic and attracts a high footfall from the local close-knit community.
· The pub is housed in a charming well-maintained historic building and inside exudes a warm welcoming ambiance, featuring a cosy bar area, comfortable seating, and a large separate dining space.
· The outdoor area provides a delightful beer garden offering a serene retreat where customers can unwind and socialise and there is ample parking space for locals and passing visitor trade.
· The Goat has a solid reputation within the community, known for its friendly atmosphere and the cosy snug is perfect for private parties or just a cup of tea by the fire.
· The Goat also offers an exciting culinary experience and one can select an array of dishes from their hand-crafted menu i.e., from the traditional fish and chips to the more modern adventurous dishes like Sri Lankan curry.
· Over the past 3 years, the current owners have invested significantly to upgrade the bar, inside seating areas, kitchen, and spacious restaurant to make The Goat a destination of choice for locals and passing tourists.
· Outside the serene beer garden is set in a picturesque location with premium outdoor furniture and tables to provide a tranquil oasis for outdoor dining and relaxation.
Growth Opportunities
According to the owners, the business turnover was c£1,098k and there is immense potential to expand revenues by introducing themed events, live music nights, or collaborating with local organisations to host community events.
Also, the new buyer can add another profitable revenue stream, by investing in upgrading 3 bedrooms upstairs, to provide accommodation for visitors as planning permission has now been granted. In addition, there is an opportunity to apply to develop 3 more rooms on site.
The business also offers a large field that can provide an ideal opportunity to set up a marquee for celebrating special occasions or to develop a Glamping site to cater for outdoor activities.
Investment Details
The Goat is available on a leasehold basis, 20-year lease, start date February 2020 and rent payable is £90K pa. A detailed inventory of fixtures, fittings, equipment list, financial P/L statements and other information will be made available to serious buyers.
Please contact us to learn more about this exciting opportunity to acquire this prestigious gastro country pub in the picturesque area of Downton in Wiltshire.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Invest in Your Dream Country Gastro Pub – The Goat, in Downton, Wiltshire - BPD231096 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.