New Inn

2 weeks ago

Witney, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Job Description:

A high number of candidates may make applications for this position, so make sure to send your CV and application through as soon as possible.
Pub Overview

Community focused

The New Inn is located just outside the town centre of Witney. Within a ten-minute walk time there are over 4,000 people that this pub will appeal to. The local demographics have better than average affluence. There are several pubs situated in the town-centre of Witney, however, there are lots of residential properties non town side which people would need to walk past the New Inn to reach the town.

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

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

Catering Kitchen
Outdoor Trade
Private Accommodation
Foundation Tenancy

Trading Area & Facilities

One room pub operation in zones
 Bar Area and Sports area Separate dining area 20 internal covers 10 external covers Catering kitchen Small covered courtyard 1 0 car parking spaces

Private Accommodation

Private accommodation at the New Inn consists of 3 bedrooms, a lounge and kitchen.

Pub Financials

Annual Rent £
17,575
Estimated Annual Turnover £
269,145
Deposit £
4,394
Estimated Fixtures & Fittings Value £
4,445
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
17,339
Estimated Minimum Ingoing Costs £
9,965

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.