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Pub to Rent - The Chequers

“This is a very well established, successful pub business for rent, offering a massive return for the right candidate. The Chequers pub requires a talented and innovative culinary entrepreneur and chef to lead and manage their own culinary business venture. This role would suit a passionate chef with exceptional culinary skills, creative flair, and strong entrepreneurial spirit. The ideal Business Partner will not only excel in the art of gastronomy, but also possess the business acumen necessary to successfully run their own business. So if you are a visionary chef ready to take your culinary passion to the next level, get in touch and apply now.”

Foggy Dessillas

Business Development Partner, South East Region

Location

Well
Asset 2

The Chequers pub is located in Well, a charming, picturesque village in the heart of the South Downs National Park, and in close proximity to Lord Wandsworth College private school.

The pub is within easy access of both the M3 and A31, but surrounded by stunning countryside, with local shops and amenities only a short drive away.

The local area boasts fascinating historical attractions, which include Jane Austen’s house at Chawton, known internationally as the place where she wrote her most famous novels.

 

 

About The Pub
Asset 2

The Chequers pub has been an established and well-respected business for a number of years and is currently trading much more successfully than was envisaged when the current Business Partners took it over.

This picturesque 15th century pub has a classic English pub interior, with an Inglenook fireplace, comfortable dining room and cosy seating areas, as well as a beautiful beer garden.

The Chequers is known for the superb quality of the food it offers. There are approximately 70 covers in the restaurant and bar area, and a further 100 covers in the garden. The covered area at the front of the building is also an attractive area for diners, seating a further 30 covers with a warming log burner.

 

 

VISIT PUB WEBSITE

The domestic accommodation at The Chequers pub is modern and compact, with two double bedrooms, a good sized living room, bathroom and a brand new fitted kitchen. One of the bedrooms is currently being used as an office space.

It is decorated well and finished to a good standard.

Ready to move into.

Double bedrooms – 2

Private kitchen – Yes

Bathroom – 1

Lounge – 1

 

PREMISES LICENCE FLOOR PLANS DEMISE
  • Fair Maintainable Trade* (FMT) Net Turnover: £500k per annum
  • Well established successful business, wit a great reputation for food quality
  • Strong regular trade with potential for growth
  • Exciting opportunity for a creative chef
  • Stunning countryside location in Hampshire

Top Line Figures

  • Rent: Turnover rent TBC
  • Initial Investment: minimum £30,000
  • Fair Maintainable Trade* (FMT) Turnover: £500,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,200 incl. VAT
  • Change of DPS Fee: £200 incl. VAT
  • Digital Assets Fee: £200 incl. VAT
  • Working Capital: £20,000
  • Fixtures & Fittings: £30k (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 40%/60%
  • Business Rates: £35,000
  • Available From: 01/11/2023
  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year 2022-23
  • 47
  • 1100
  • 0
  • 1770
  • Last Year 2021-22
  • 55
  • 1700
  • 0
  • 2540
  • 2 Years Previous 2020-21*
  • 49
  • 1100
  • 0
  • 1980

Trade
Asset 2

The trade is built on accessibility, quality and consistency.

The guest base for the pub is primarily destination diners with busy lunch and evening dining trade. Early evening and weekend trade is also strong.

Regular guests mix with visitors in a traditional pub currently offering a fine dining experience, with the team delivering excellent customer service.

The potential for growth can be exploited further by continuing to retain the pub’s current offer and reputation, driving spend per head and driving food sales and garden events.

*Trade volumes affected by Covid closures

REQUEST A CALL BACK
HELLO & WELCOME GUIDE TENANTS CODE OF PRACTICE APPLY NOW PRINT VACANCY PROFILE

British Institute of Innkeeping:  https://www.bii.org/

British Beer and Pub Association:  https://beerandpub.com/

Pre-Entry Awareness Training (PEAT):  https://www.bii.org/BII/Industry-Advice/PEAT.aspx

Personal Licence:  https://www.gov.uk/government/publications/personal-licence-application–2

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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