• Fair Maintainable Trade* (FMT) Net Turnover: £381k per annum
  • Rent:  £40,380 per annum
  • Initial Investment: £25k
  • Wet/Dry split: 92%/8%
  • Prime location on a busy, pedestrianised high street
  • Traditional high street pub offering sports and entertainment
  • One of Horsham’s friendliest pubs with a unique cosy ambience

Situated in Horsham’s market square, the Bear is easily accessible in the pedestrianised area of the town centre, and enjoys a prime location next to the historic Town Hall.  The Bear is a key pub within the busy local leisure circuit, set amongst all the bars and restaurants in Horsham centre.  With a reputation as one of Horsham’s friendliest pubs, this traditional ale house has a unique cosy ambience that attracts regulars, shoppers, and the town’s workers alike.   A single lounge bar and small anteroom off, lead outside to an enclosed courtyard garden, which recently won H&W best garden, with a covered smoking area. There is a rear kitchen area directly behind the bar servery plus guest toilets on the ground floor and a basement cellar.

 

The ideal applicant will be comfortable hosting regular events and entertainment and will capitalise on every trading opportunity.  This could be an existing manager or tenant, an entrepreneur, career changer or a traditional publican.

The first floor private accommodation features a sitting/dining room, double and single bedrooms, bathroom and separate w.c., all of which have been decorated to a high standard.

 

 

Top Line Figures

  • Rent: £40,380 per annum
  • Initial Investment: £25,000
  • Fair Maintainable Trade* (FMT) Turnover: £381,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £750
  • Working Capital: £5,000-£7,000
  • Fixtures & Fittings: £12,500 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 92%/8%
  • Business Rates: £14,216
  • Available From: 11/01/20
  • Closing Date: 11/12/19
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 240
  • 1390
  • 770
  • 2040
  • Last Year
  • 279
  • 1690
  • 820
  • 1900
  • 2 Years Previous
  • 207
  • 1380
  • 610
  • 1470

Trade
Asset 2

Trading as a traditional high street pub with entertainment and sports, the key trading periods are currently evenings and weekends. The main drivers of the business are entertainment and quality ales. Our belief is that the public house achieves its potential through owner operators who can build a consistent activity calendar and target every trading session. The pub is on the busy pedestrianised Horsham High Street and is a main feature of the local bar and restaurant circuit.

 


Misrepresentation

* Fair Maintainable Trade (FMT) is the level of turnover and profit that we believe that the business is capable of delivering if being operated competently. The FMT is usually calculated by the Business Development Partner for the pub, who will produce a shadow profit and loss account for the business which supports the rent. A copy of the shadow profit and loss account will be provided during the recruitment process. Please see our Code of Practice for more information on FMT and rent. The Fair Maintainable Trade is not a guarantee of levels of trade or profit that will be made from the business – we strongly recommend you seek appropriate independent legal and business advice as part of your Business Plan.

† The Full Investment Breakdown for each public house is higher than the minimum investment we will accept because potential Business Partners with the minimum investment available can still be accepted as we are able to offer them financial support for the rest of the monies. The working capital incorporates the purchase of stock, glassware, loose catering effects and valuer fees – please note the number quoted on this website are based on estimates. The exact costs will be determined on the day you take on the public house by independent valuers and stock takers. Please see our Code of Practice for more information about investment.

Asset 2

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