“The Wheatsheaf ideally needs an operator who is capable of running a town centre business which changes nature from a food-led business during the week to a more wet-led business at weekends, with music and entertainment.

Strong commercial acumen is essential, and a proven capability to drive a business forward through developing great local links is required in order to maximise this opportunity.”

Ian Pearson

Business Development Partner, South West Region

 

As expected from a historic property, the private accommodation at the Wheatsheaf is quirky and full of character, but in great condition.

The accommodation benefits from its own separate entrance and comprises a single floor with 4 large bedrooms, a lounge/dining room, separate kitchen and bathroom/wc, and several storage cupboards throughout.

Bedrooms – 4

Private kitchen – 1

Lounge/diner – 1

Bathrooms – 1

Office – 1

  • Fair Maintainable Trade* (FMT) Net Turnover: £521k per annum
  • Bustling town centre pub in the heart of the South Downs National Park
  • Beautifully presented and decorated, with high quality fixtures and fittings
  • Great courtyard and function room
  • Extensive private accommodation with separate access
  • Turnover based rent at 8.5%, with a base rent of £38k

 

Top Line Figures

  • Rent: 8.5% Turnover Rent, with base rent £38,000 per annum
  • Initial Investment: £30,000
  • Fair Maintainable Trade* (FMT) Turnover: £521,000 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
  • 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: Rateable Value £16,000
  • Available From: 03/09/2024
  • Closing Date: 15/06/2024

 

  • Last 3 year Volume
  • Beer & Cider - Barrels
  • Wines - Litres
  • Spirits - Litres
  • Soft Drinks - Litres
  • Current Year 2023-24
  • 198
  • 1290
  • 400
  • 1230
  • Last Year 2022-23
  • 231
  • 2210
  • 550
  • 1660
  • 2 Years Previous 2021-22*
  • 175
  • 1010
  • 350
  • 1480

Trade
Asset 2

The Wheatsheaf trades as a traditional town centre pub, which moves between trading throughout the day and the week. The ability to deliver great food and a quality lunch menu are essential for daytime trade, whilst midweek evenings will attract sports viewers with demand for sharing plates and snacks. At the weekends the offer of a great Sunday Roast is essential whilst the Fri/Saturday nights will revolve around a more upbeat offer of music and entertainment with premium drinks, cocktails and wine.

The key to unlocking the business will be in developing community links and maximising use of the function room. The business currently trades with an 80-20% split which is wet-led. However there is a great opportunity to develop the food offer through traditional, good quality, and locally sourced food.

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

 


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

More Pubs to Rent: https://www.hall-woodhousepartnerships.co.uk/pubs-for-rent

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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