• Fair Maintainable Trade (FMT) turnover: £588k per annum
  • Rent: Base Rent £45k, 9.5% of Net Turnover
  • Estimated Wet/Dry Split: 34%/66%
  • Recent history of trade over £750k per annum
  • Authentic 16th Century pub which combines traditional values with modern standards of comfort and ambience
  • Large internal trading space with extensive courtyard garden and external dining opportunity
  • Beautiful village location near Winchester, in the Itchen Valley

 

The pub has great private accommodation which comprises three large bedrooms, a kitchen with dining area and a bathroom/wc. The accommodation is well looked after and ready for tenants to move in immediately.

Bedrooms – 3

Private kitchen/diner – Yes

Lounge – Yes

Office – No

Bathrooms – 1

Top Line Figures

  • Rent: Base Rent £45,000, 9.5% of Net Turnover
  • Initial Investment: Estimated £42,000
  • Fair Maintainable Trade* (FMT) Turnover: £588,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000
  • Working Capital: £5,000
  • Fixtures & Fittings: Approx. £60-£65k (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

 

Additional Information

  • Estimated Wet/Dry Split: 34%/66%
  • Business Rates: £32,250
  • Available From: 09/05/2022 (latest)
  • Closing Date: 10/01/2022

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year*
  • 47
  • 560
  • 20
  • 380
  • Last Year*
  • 30
  • 650
  • 30
  • 630
  • 2 Years Previous
  • 40
  • 480
  • 60
  • 950

Trade
Asset 2

The pub has had a poor recent history, which is reflected by the trade figures. It is important to note that the pub also has annual trade history with several years over £700k net, and with a peak of over £850k.  Weekend food is the main driver currently, but the Spring and Summer will provide opportunities for all week/seasonal business to be developed.

*Trade volumes have been affected by Covid-19 lockdown closure periods.

 

 

 


“The Chestnut Horse will appeal to operators looking to develop a great modern pub offer in an area where discerning customers will demand quality food and drink but respond with loyalty and high spend. The most important competence will be in being able to offer a consistent quality product and be able to manage their team to deliver this.”

Ian Pearson

Business Development Partner, South West Region

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.

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Asset 2

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