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“The ideal applicant will be an experienced operator with a background in high-volume town centre pubs/restaurants. Applicants will need the ability to seamlessly change between a strong food-focused operation and a vibrant town centre wet-let pub.

I am looking for energetic and passionate entrepreneurs with vision, who will embrace this opportunity to realise the potential of this popular pub.”

Peter Hurdle

Associate Business Development Partner, South East Region

The spacious private accommodation comprises 3 bedrooms, 2 bathrooms, a lounge. and a private kitchen.

Bedrooms – 3

Lounge – 1

Private kitchen – 1

Bathrooms – 2

  • Fair Maintainable Trade (FMT) turnover – £700,000 per annum
  • Rent – £52,500 per annum / 10% net turnover
  • Fantastic town centre location with a prominent roadside presence
  • Large characterful pub with a great reputation and strong growth potential
  • Spacious 3 bedroom private apartment

 

Top Line Figures

  • Rent: 10% of Net Turnover, with a Base of £52,500
  • Initial Investment: minimum £30,000
  • Fair Maintainable Turnover: £700,000 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: £5,000 – £7,000
  • Fixtures & Fittings: Estimated £45k, subject to valuation (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

 

 

Additional Information

  • Estimated Wet / Dry Split: 65%/ 35%
  • Business Rates: £12,974
  • Available From: 03/07/2024
  • Closing Date for Applications: 30/05/2024

 

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year 2023-24
  • 158
  • 2560
  • 340
  • 2230
  • Last Year 2022-23
  • 169
  • 2610
  • 440
  • 2410
  • 2 Years Previous 2021-22*
  • 148
  • 2750
  • 520
  • 2130

Trade
Asset 2

Although the Olive Branch has a 65/35 wet/dry split, the segregated conservatory restaurant area and wrap around bar give a great flexible space that allows a strong wet and dry trade simultaneously.

Located on the west side of Horsham town centre, the pub’s guest base is diverse, so the pub needs to be capable of catering for a range of demographics.

*Trade volumes affected by Covid closures


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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