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Beer Garden
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External Drinking Area
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Function Room
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Letting Rooms
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Car Park
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Restaurant/Dining
Property details
The Dolphin Hotel is rich in history and character. Originally owned by John Joll, it was built in the 1880s as a coaching house providing food, drink and rest for travellers and their horses. Excursions to Dartmoor commenced from the hotel and horse drawn carriages would escort guests up to Dartmoor. The striking exterior of the building has changed very little over the years and has always retained a classical Victorian look.
The large upstairs function room has had several uses over the years. In the late 1800s, the dance band ‘The Dolphins’ entertained there and during the Second World War the room acted as a temporary barracks for American allies who were training nearby. Today, it serves as a fantastic events space, with its own private bar and the space to accommodate up to 100 dining guests.
With 8 en-suite bedrooms, spacious trading areas, an extensive function room and a picturesque patio garden, the Dolphin has great business potential and is an exciting opportunity for the right operator.
The Dolphin Hotel benefits from two recently refurbished private apartments. One is located on the top floor of the building and has one bedroom, a lounge, kitchen and bathroom. The other is located on the ground floor and has two bedrooms with an en-euite bathroom and an open plan lounge, kitchen and dining room.
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Catering Kitchen
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Team Games
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Pool Area
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Experienced Operator
Trading style
Situated in the heart of the historic market town of Bovey Tracey, the Dolphin Hotel has been welcoming guests since the 1880s. In a prime location on the edge of Dartmoor, the pub attracts many visitors throughout the year, from walkers and cyclists to those seeking a more relaxed break. Being within easy reach of the South Devon coast, the Dolphin also benefits from holidaymakers wanting to visit the nearby towns of Exmouth, Torquay and Paignton.
There is considerable potential to develop the business here in many different ways, given the pub’s unique location and available space. The guest accommodation is a huge advantage to the business and with the event spaces, this could easily be built upon.
The successful applicant(s) will have an entrepreneurial edge as well as being able to cope with the diverse demands of the eclectic guest base. Experience of a varied catering business would be a distinct advantage, and ideal applicants will be passionate, experienced chefs and restaurateurs, entrepreneurs, and current tenants.”
Key financials
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Reference Number:
MWMA7Q /
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£30,000.00
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Annual Rent:
TBC
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Rent: Turnover rent at 9% net turnover
Initial Investment: minimum £30,000
Fair Maintainable Trade* (FMT) Turnover: £650,000 per annum
Deposit: £7,500
Training Fee: £1,200 incl. VAT
Change of DPS Fee: £200 incl. VAT
Digital Assets Fee: £200 incl. VAT
Working Capital: £10,000
Fixtures & Fittings: TBC (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).
Estimated Wet/Dry/Accommodation Split: 45%/45%/10%
Business Rates: £32,000