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Third pub for Flatcappers

By The PMA Team , 15-Apr-2010
Last updated on 19-Jun-2013 at 11:45 GMT2013-06-19T11:45:44Z

Two for one: Battle Axes has two distinct trading venues

Two for one: Battle Axes has two distinct trading venues

Flatcappers, the West Country pub company headed by Alex Reilley and ex-Bibendum manager Pierre Woodford, has completed on its third pub.

Flatcappers, the West Country pub company headed by Alex Reilley and ex-Bibendum general manager Pierre Woodford, has completed on its third pub.

 

The company has taken a 15-year free-of-tie lease on the Battle Axes, a few miles outside Bristol. The site was suggested to Flatcappers by Melrose Commercial Property director Bruce Sprosen.

 

The venue has a rent of £40,000 per annum and Flatcappers thinks it will be able to boost annual turn-over to £1m excluding VAT. Reilley described the venue as an "incredibly large pub, a beast".

 

He added: "Because of its size we can refurbish it in sections — we're looking at a £350,000 total investment."

 

The venue actually boasts two distinct trading areas with a self-contained second pub, the Wraxall Arms, at lower ground floor level.

 

Flatcappers opened its second pub, the Bell in Frome — a Wellington Pub Company lease — last year. Its first pub was the freehold Castle in Bradford-upon-Avon, Somerset.

Property of the week

Herefordshire: THREE TUNS, HAY ON WYE - 16TH CENTURY PUB & DINING VENUE

£395,000.00 - Freehold

ALSO AVAILABLE - NEW THREE YEAR TENANCY. CAPITAL REQUIRED £15k. Character Award winning property. Three...