The Travellers Rest
A statement of fact re the future of the Travellers Rest
You will shortly notice a " For Sale" board going on the Travellers, please don't worry :-)
Please be reassured that this is procedural following our offer for the Freehold to the current owners of the Freehold being Enterprise Inns plc.
Enterprise have decided to entertain our bid. In order to progress it, being a plc and therefore accountable to their shareholders, they simply cannot accept our offer without subjecting to market forces and therefore marketing the property through Fleurets to comply with their obligations.
To ensure the long term viability of the Travellers we need to become the owners and therefore free of tie as I am sure you can appreciate as the winter months are very tough financially to get through.
As owners of the Freehold we would consequently become free of tie and be able to purchase our stock at at least 40% below what we are currently paying and also would not have a high rent to pay. Another compelling reason why we feel buying the Freehold is a very prudent is the great news that forward camping bookings for the summer are heaps up.
Enterprise have unambiguously stated that they are more than happy for us to continue as Tenants but that doesn't work financially for us and is almost certainly the reason why the last two tenants were unable to sustain their Tenancy. Whence the need for the purchase of the Freehold
There will now be a 6 month period of notice where we, to be honest, will be vulnerable to hostile offers from developers and other interested parties. However, our offer was actually advised by the same agents that are going to be marketing and is a cash offer so this makes it a very strong offer indeed.
We would therefore please please ask for your support during this process and please help us get the facts out there as opposed to made up gossip as there is a genuinely real danger of the Travellers no longer being a pub if our bid is not successful We really need your help please :-)
Once we have successfully purchased the Freehold we will finally be opening the village shop which is already totally equipped.
If you have any questions now or during the next 6 months please contact us at the pub directly. We will be posting regular updates on our site and Facebook.
Thank you for taking the time to read this
Huge thanks Paul, Eddie, Becks and Matt