The Old Bath Arms 1 Palmer Street, Frome, Somerset, BA11 1DS
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
Highly Successful Business Located in Popular Somerset Market Town
Completely Refurbished, Substantial and Attractive Period Property • Strong Mix of Wet, Food & Accommodation Revenue Approx. 6,500 sq ft with Beautifully Presented Trading Areas • Newly Created Patio Bar, Outdoor Terrace • 1 Bed Owner’s Flat 5 Bed Staff Flat • 2 Superior En-Suite Letting Rooms Turnover for year end March 2020 £1,087,243 Net (with 15 Days Less Trade Due to Covid-19 in March 20 and Closure of the Underground Bar to Refurbish into Craft Bar September-October 2019) with Very Strong Net Profit
LOCATION The Old Bath Arms is conveniently located in Frome's town centre, on Palmer Street just off the main B3090 Bath Street, which runs through the town centre. Frome is a vibrant and popular West Country Town in which to live and work with a charming historic centre and a thriving local economy. Frome is packed with historic buildings, independent shops and creative people. It also offers the perfect destination for discerning tourists who are looking for something just a little bit different while visiting Somerset. Recently, quoted as 'Va Va Frome' by the Times, the town has a growing reputation as a hub for creative industries. Many professional crafts people work from individual workshops with specialities including but not limited to designer jewellery and textiles, musical instruments makers to blacksmiths. It is also home to modern innovative and creative businesses like 3D printing and new media agencies. Frome offers easy access to the picturesque Somerset Countryside and is only a 30-minute drive from Bath city centre. Western-Super-Mare is 35 miles from the property and the town is well connected via the A3612 to surrounding villages, towns, the M5 and the A303.
DESCRIPTION The Old Bath Arms is a thriving business situated in the heart of the local community, offering something for everyone. The multifaceted business is located within a beautiful stone-built property, which has been extensively renovated over recent years by our clients. The expansive venue boasts three restaurant rooms and two bar areas, each with its own style and charm, making it the perfect choice for any occasion, from a group celebration to a more intimate dinner. The decor fuses traditional country pub features with The Old Bath Arms own unique style and decorative touches. The property also provides two superior en-suite letting rooms with a very strong occupancy rate. The Old Bath Arms boasts the best outside trading space in Frome, with an in/out, fully automated retractable awning with newly created patio bar and outdoor terrace. There is also a fully furnished owner's flat and staff accommodation including four single rooms and one double.
Ref No: 3812 Offers in the Region of £1,300,000 Freehold
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
STAFF ACCOMMODATION The accommodation briefly comprises:- Arranged as four single rooms and one double room with separate kitchen, laundry The building consists of over 6,500 sq ft of usable space including:- area with two shower/toilet rooms with separate patio area.
CRAFT COCKTAIL, BEER AND WINE BAR OUTSIDE PATIO & SNUG AREA A beautifully presented, fully refurbished Craft Bar with bespoke bar fittings, state Beautifully landscaped walled patio area with partially open barn, converted into of the art furniture, part tartan carpet, part strip wood floors with walls adored an 'in and out' snug. Fully retractable electric awning with festoon lighting and with prints, memorabilia and pendent hanging lights. separate BBQ Station.
FINDLAYS LOCAL BAR GENERAL INFORMATION Fully refurbished in February in 2020. A character bar with strip wood floors and BUSINESS ample seating. Findlays in predominantly a sports bar with all the main big The Old Bath Arms is an extremely successful business nestled in the town centre of games and matches shown on the flat screen televisions. the ever-popular market town of Frome in Somerset. The business is operated by a
fully trained management team overseen by the owner, together with a RESTAURANT compliment of full time and part time staff. Arranged over three rooms. Another character trading area with plenty of character. The business is very much a 'chameleon' operation, opening all day, every day and is a strong community venue for locals and regulars, together with the many visitors COMMERCIAL KITCHEN to this area. The team have worked hard at creating trade initially and primarily Fully equipped commercial kitchen, fitted to a high standard. from the local community using good food as its core product which in turn has increased wet volume sales. The Old Bath Arms appeals to a wide customer base TWO EN-SUITE LETTING ROOMS with families very welcome and many local sports teams which they sponsor by Each room features a flat screen TV, en-suite bathroom with shower and receiving marketing income of circa £30,000 per year from suppliers such as Booker complimentary toiletries. B&B rates include a full English cooked breakfast with and Marstons. The venue is also very popular for all the big televised sporting room rates ranging from £90-£150 per room by night. occasions.
MANAGER/OWNER'S FLAT The business achieves a high overall gross profit margin of 67.5% without hotel and A fully furnished and well presented flat with open plan kitchen and living space games income. on the first floor with loft bedroom above with bath and shower.
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
The property has undergone a fully maintenance programme during our RATEABLE VALUE client’s ownership and is presented to a very high standard throughout. The 2017 List: £16,500. Please note this is not Rates Payable. Interested parties are addition of the new outside terrace and snug has been incredibly popular and advised to make their own enquiries with the Local Billing Authority. creates another experience for customers, year-round. The property benefits from a fully accessible from anywhere in the world CCTV system covering all SERVICES We have been informed the premises are connected to all mains services. areas inside and out with a fully networked back of house till system which is supported 24 hours a day. The whole business is run very efficiently with TRANSFER OF A GOING CONCERN (TOGC) compliance and systems in place where appropriate. The sale of the property includes the goodwill of the business and trade inventory and will be subject to Transfer of Undertakings (Protection of The Old Bath Arms offers a wide ranging food menu with traditional British home cooked meals at its heart. The menu also extends to hand rolled pizzas, Employment) regulations (TUPE). tapas and paella and the popular Sunday roast offering. There is also a wide INVENTORY range of drinks available from craft lagers to real ales, cocktails and an inviting To include furnishings and equipment as per an inventory to be supplied, but wine list. The Old Bath Arms offers various meal deals throughout the week excluding the owner’s personal effects. with children ’s specials at the weekends. STOCK The Old Bath Arms is a well established and very well run operation which has Wet and Dry stock in trade and Bar Glassware will be taken over by the grown considerably under our client’s ownership. The flexible approach to purchaser at valuation on the day of completion. trading styles and trends has kept the Old Bath Arms at the top of its game and is certainly one of the most successful pub/hotels’ in the area. Its place within EPC RATING E the community provides it with a solid platform to trade off, demonstrated by the very impressive profit and loss figure.
For further information, please visit www.theoldbatharms.co.uk
Further trading information will be provided to bona fide interested parties following a formal viewing through the sole selling Agents Bettesworths.
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
Social Distancing Bespoke Service
The Old Bath Arms, 1 Palmer Street, Frome, Somerset, BA11 1DS
The Old Bath Arms
1 Palmer Street, Frome, Somerset, BA11 1DS
www.bettesworths.co.uk IMPORTANT NOTE: Messrs Bettesworths for themselves and for the vendors or lessors of this property whose agents they are 29/30 Fleet Street give notice that: (i) the particulars are produced in good faith, are set out as a general guide only and do not constitute any Torquay part of a contract; (ii) no person in the employment of Messrs Bettesworths has any authority to make or give representation Devon TQ1 1BB or warranty whatever in relation to this property. The fittings, equipment and services have not been tested by the agents.