• Fair Maintainable Trade* (FMT) Net Turnover – £435,000 per annum
  • Rent – £43,500 per annum
  • Fantastic private function room
  • Desirable domestic accommodation

 

The Wheatsheaf ideally needs an operator who is capable of running a constantly changing business and who has a proven capability to market and drive a business forward. A good understanding of catering, margins and up-selling would be a considerable advantage, as would an ability to communicate and cater for a wide cross section of the public, including the strong and loyal wet trade the pub benefits from.

 

We are delighted to present a wonderful business opportunity at The Wheatsheaf which is situated in the affluent Mid Sussex town of Midhurst. Presented in immaculate condition throughout, this unique building dates back to 1621 and part of the pub used to be the Squire’s Chapel of a Catholic church, this now serves as the pub’s function room. The main customer area consists of a single floor trading area with a unique island bar which is triangular in shape and provides three quite separate and distinct areas. Although half of the pub still has a traditional feel with open fires and slate flooring, the other half is very contemporary with a colourful and classic look.  The site also benefits from a wonderful courtyard garden. Although there is no onsite parking, the local council car park is only 150 yards away from the pub.

The domestic accommodation comprises of three bedrooms, a bathroom, a kitchen, a lounge diner and an office. There is a separate entrance from the street. The accommodation is in good order throughout.

 

Top Line Figures

  • Rent: £43,000 per annum
  • Initial Investment: c.£25,000
  • Fair Maintainable Trade* (FMT) Turnover: £435,000 per annum

 

Full Investment Breakdown †

  • Deposit: £7,500
  • Training Fee: £780
  • Working Capital: c.£5,000
  • Fixtures & Fittings: Estimated at £30,000 (Inventory is an estimate net of VAT. Loan facilities are available for the purchase of fixtures and fittings

 

Additional Information

  • Estimated Split: wet 80%/ dry 20%
  • Business Rates: £15,000
  • Available From: 15/06/2019
  • Closing Date: 01/06/2019

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year
  • 264
  • 1760
  • 500
  • 1800
  • Last Year
  • 227
  • 1350
  • 430
  • 1130
  • 2 Years Previous
  • 191
  • 1344
  • 270
  • 1064

Trade
Asset 2

The site currently trades with an 80-20% split which is wet led, the food offer is traditional quality locally sourced food, available lunchtime and in the early evenings as well as all day Saturday and Sunday. The business has a strong local community spirit reinforced by regular weekly and monthly activities. The pub also has strong links with the local business community. There is an opportunity to develop the existing regular offers which the pub host, this includes music and sport at the current time.


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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