• Fair Maintainable Trade (FMT) turnover: c.£588k per annum
  • Rent: Base Rent 9.5% of Net Turnover
  • Estimated Wet/Dry Split: 35%/65%
  • Recent history of trade over £750k per annum
  • Authentic C16th 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 Chestnut Horse dates back to the 16th Century and boasts traditional décor including a beautiful open fireplace and authentic beamed ceilings, perfect for enjoying a business lunch, family lunch, romantic evening meal or just a drink with friends.  Award winning ales, fine wines and great British cuisine can be enjoyed in the bar, restaurant or the picturesque garden.

This public house manages to combine the authentic traditional values of a pub which has been trading for over 300 years with a more contemporary feel, with modern seating, colour scheme and areas to enjoy, whether guests are dining or drinking. Externally the pub has an attractive area to the front, but notably the rear has a great decked courtyard with numerous tables and benches, set with a large canopy providing heating and light. The pub itself has a small bar with open fire and several large high level tables, leading through to a mixed eating/drinking area, with another bar and a large fireplace with a wood burner. There are two main dining areas, firstly the library with 20 or so covers which can be used for private dining, and a larger area with a mix of fixed and flexible seating. All areas are well presented and exude charm and character.

 

 

 

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 will respond with loyalty and high spend. The most important competence will be in being able to offer a consistent quality product and managing a team to deliver this.

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.

Top Line Figures

  • Rent: Base Rent 9.5% of Net Turnover
  • Initial Investment: £40,000
  • Fair Maintainable Trade* (FMT) Turnover: £588,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000
  • Working Capital: £10,000
  • Fixtures & Fittings: The F&F were valued at £68k in 2019. Recent valuation to follow. (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

 

Additional Information

  • Estimated Wet/Dry Split: 35%/65%
  • Business Rates: £31,500
  • Available From: Immediately
  • Closing Date: 31/07/2020

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 35
  • 500
  • 60
  • 930
  • Last Year
  • 59
  • 940
  • 30
  • 1250
  • 2 Years Previous
  • 82
  • 1060
  • 90
  • 2390

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.

 

 

 

 


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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