“This is a fantastic opportunity for applicants with previous experience of a high quality food and dining offer, as well as the ability and desire to run a beautiful countryside pub.

Applicants should be enthusiastic, motivated and passionate about customer service and ensuring a great guest experience.”

Peter Hurdle

Business Development Partner, South East Region

 

 

There is excellent private accommodation at this pub, including space for an additional team member.

The accommodation comprises 3 double bedrooms, a single bedroom, bathroom, small shower room, open plan lounge/diner and a private kitchen.   There is also a separate bedroom and bathroom (accessed through a fire door).

Bedrooms – 5

Lounge / diner – 1

Private kitchen – 1

Bathrooms – 2

Shower room – 1

  • Available August 2024
  • Affluent rural location on a prominent A-road
  • Great opportunity for experienced food operators
  • Characterful interior and high number of covers
  • Spacious garden and beautiful surrounding countryside

Top Line Figures

  • Rent: Turnover Rent at 10% of net sales. Base of £44,000
  • Initial Investment: £40,000
  • Fair Maintainable Trade* (FMT) Turnover: £586,000 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,200 incl. VAT
  • Change of DPS Fee: £300 incl. VAT
  • Digital Assets Fee: £200 incl. VAT
  • Working Capital: £10,000
  • Fixtures & Fittings: TBC (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

Additional Information

  • Estimated Wet/Dry Split: 33%/67%
  • Business Rates: £10,479
  • Available From: 27/08/2024
  • Closing Date: 30/06/2024

The pub currently attracts a diverse guest base, including local residents, workers and visitors to the area. Friend and family groups often use the pub as a midway meeting point between Reading and Basingstoke.

Steady lunchtime and early evening dining trade build up to the peak trading days at the weekend.

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):

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 to rent, 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.

Code of Practice:

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:

The Full Investment Breakdown for each public house is higher than the minimum investment we will accept. This is 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.

Working Capital:

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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