• Fair Maintainable Trade* (FMT) Net Turnover: £585,900 per annum
  • Rent:  Turnover Basis at 10% of net sales. Base rent of £53k, generous first year support package available
  • Initial Investment: £30k to £75k
  • Wet/Dry split: 33%/67%
  • Prominent roadside location, surrounded by outdoor attractions
  • Affluent, growing local population
  • Large garden, patio and children’s play area
  • Spacious live-in accommodation, refurbished in 2016 to a high standard

 

The Jekyll & Hyde looks like a small roadside pub at first glance but on entering its true size becomes apparent and it is one of the key dining establishments in this very busy area. Internally there are a number of character dining areas leading off from the bar which is ideally situated at the front of the pub.

 

The ideal applicant will be an experienced food operator with a chef’s background, possessing hospitality skills in abundance and displaying strong attention to giving the best possible guest experience. We are looking for applicants who are existing managers or tenants, chefs or restaurateurs, or entrepreneurs.

There is spacious private accommodation, including space for an ancillary team member, which comprises 3 double bedrooms, a single bedroom, a bathroom, small shower room, an open plan lounge/diner, and a kitchen.  There is also a separate bedroom and bathroom accessed through a fire door. The pub has undergone refurbishment in the last 4 years and is in very good condition throughout.

Top Line Figures

  • Rent:  10% of net turnover per annum. Base of £53,000. Cap TBA.
  • Initial Investment: £30,000 to £75,000
  • Fair Maintainable Trade* (FMT) Turnover: £585,900 per annum

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000 plus VAT
  • Working Capital: £10,000
  • Fixtures & Fittings: Last valued at £42,106 plus VAT (May 2019) (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: N/A
  • Available From: Earliest 01/09/2020, latest 27/10/2020
  • Closing Date: 31/08/2020

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 55
  • 1470
  • 60
  • 2890
  • Last Year
  • 66
  • 1350
  • 80
  • 3080
  • 2 Years Previous
  • 87
  • 2020
  • 80
  • 3910

Asset 2

The pub currently attracts a wide age range and cross section of guests, including local residents, workers, tourists and car clubs. Due to its prominent roadside location, the Jekyll & Hyde is very often frequented by friends and families who use it as a midway meeting destination between Reading and  Basingstoke. The pub usually sees a steady flow of lunchtime and early evening diners during the week, building up to the peak days of Saturday and Sunday.


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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