The Cotswolds hospitality sector has performed strongly even through the depths of the recession, according to hotels & hospitality specialist Colliers International and recent activity shows that pubs in the area are now attracting prospective owners with a much more business-like approach than ever before.
Hotels Director Peter Brunt for Colliers International, said: “We’ve seen some buyers come and go after being carried away by the sheer beauty of an archetypal Cotswolds pub – which they imagined would simply run itself.
“The new breed of owner is just as aware of the pounds, shillings and pence as they are of the appeal of exposed beams and open fireplaces.”
He continued: “With so many top drawer establishments in every town and village, all round quality becomes paramount. The small number of pubs coming on to the market these days are no longer distressed sales – the vast majority are fully functioning businesses where the owners are simply moving on to an even more ambitious project.”
Peter is steering growing numbers of business savvy buyers around a dwindling supply of suitable property – including the Horse and Groom at Upper Oddington near Stow-on-the-Wold which is being marketed by Colliers International for £975,000.
He said: “Unashamedly upmarket, the Horse and Groom has impeccable Cotswolds credentials, ticking the boxes for honey coloured walls, exposed timbers and roaring fires.
“But in addition to its sumptuous, sixteenth century, Grade II listed surroundings, the Horse and Groom delivered profits in 2015 of £140,034, underlining the fact that as well as being located in one of the very best locations in the entire country, it is also a first rate business proposition.”
Peter added: “This is a stylish and exceptionally profitable village pub situated in the heart of the Cotswolds and is a superb example of the gastro-pub style that has been such a success in recent years.”
With seven well-presented letting rooms, The Horse and Groom is a delightful old Cotswold Stone building with a cosy ambience.
“This is not just another good looking country pub. It is also a highly profitable business,” said Peter. “The bottom line boosted by a decent income from seven pretty letting bedrooms. It all adds up to a first class package in a highly sought after part of the country.
“It is a wealthy area, exactly the right sort of place to support an up-market pub like this, so although this is the heart of the Cotswolds and a great favourite with tourists, most of the trade is derived from regular customers.”
Peter continued: “The vendors bought the Horse and Groom at the start of 2004, deciding that its location was pretty well unbeatable, and so it has proven.
“After over a decade of successful trading, the moment is right to put the Horse and Groom on the market. Country pubs making profits like these are rarely available, so this is a wonderful opportunity for buyers to acquire one of the very best pubs in the Cotswolds.”
Peter noted that the area around Stow-on-the-Wold has become a centre of excellence in the pub world. “Within a few miles there are a number of similar businesses, including the King’s Head at Bledington, the Fox at Lower Oddington and several in Stow itself, all regularly packed out and all highly successful operations.”