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Run a Star Pub

3 months ago

Banbury Oxfordshire, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

If you are considering sending an application, make sure to hit the apply button below after reading through the entire description.

The Horse & Groom is a 17 th Century pub located outside of Banbury in Milcombe next village Bloxham. Milcombe is famous for its village shop.

The pub benefits from the only pub found in an area of around 735 adults. The main customer base is made up of families and employed and retired adults.

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub?

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

Trading Area & Facilities

  • One bar operation
  • 50 internal covers
  • 20 external covers
  • Car parking
  • Catering kitchen
  • Patio garden with picnic tables


Private Accommodation

Private accommodation consists of 2 double bedrooms self-contained flat on ground floor with a patio garden.

Pub Financials

Annual Rent £
26,850
Estimated Annual Turnover £
433,585
Deposit £
6,713
Estimated Fixtures & Fittings Value £
17,000
Estimated Stock Valuation £
11,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
38,213
Estimated Minimum Ingoing Costs £
16,738

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.