• Fair Maintainable Trade* (FMT) Net Turnover: £492k per annum
  • Rent: turnover based rent, with base rent £46,750
  • Wet/Dry split: 80%/20%
  • Beautifully presented and decorated, with high quality fixtures and fittings
  • Bustling town centre pub in the heart of the South Downs National Park
  • Great courtyard and function room to develop trade further
  • Extensive private accommodation with separate access

 

As befits a property going back to the 16th Century, the private accommodation at the Wheatsheaf is quirky and full of character. The entrance benefits from being separate to the pub  and comprises of a single floor with large 4 bedrooms, a lounge/dining room, separate kitchen and bathroom/wc and several storage cupboards throughout.

Bedrooms – 4

Private kitchen – Yes

Lounge – Yes

Office – Yes

Bathrooms – 1

Top Line Figures

  • Rent: Turnover % based rent, with base rent £46,750 per annum
  • Initial Investment: £30,000
  • Fair Maintainable Trade* (FMT) Turnover: £492,000 per annum

 

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £1,000 plus VAT
  • Working Capital: £7,500
  • Fixtures & Fittings: TBC, valuation underway (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings).

 

Additional Information

  • Estimated Wet/Dry Split: 80%/20%
  • Business Rates: Approx. £19,742
  • Available From: March 2022 (earlier if agreed)
  • Closing Date: 01/12/2021

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year*
  • 149
  • 1000
  • 310
  • 1280
  • Last Year*
  • 165
  • 1060
  • 320
  • 1360
  • 2 Years Previous
  • 173
  • 1250
  • 380
  • 1460

Trade
Asset 2

The Wheatsheaf trades as a traditional town centre tavern which moves between different types of trading both during the day and throughout the week. The ability to deliver high quality food and a great lunch menu is essential for daytime trade, whilst midweek evenings will attract sport viewers with sharing plates and snacks as popular choices. At the weekends the offer of an outstanding Sunday Roast is essential, whilst Friday and Saturday nights will revolve around a more upbeat offer of music and entertainment with premium drinks, cocktails and wine. Key to unlocking the business will be in developing community links and utilising the function room. The business currently trades with an 80-20% split which is wet-led, however over time, the food offer will continue to develop through traditional quality and locally sourced food.

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


“The Wheatsheaf ideally needs an operator who is capable of flexibility in their offer, and running a constantly changing business catering to the needs of a wide cross-section of the public, including the strong and loyal wet trade which the pub benefits from. Strong commercial acumen goes without saying, however a proven capability of driving a business forward through developing great local links is essential to maximise this opportunity.”

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.

Asset 2

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