Gallery View
Key Highlights
- 18th century traditional pub, right in the heart of the beautiful Oxfordshire market town
- Prominent town centre location
- Large attractive patio, part covered with seating and stage area
- Known for sports and live music with separate function room
- Domestic accommodation consists of 4 bedrooms, lounge, kitchen, bathroom, separate WC, plus two attic rooms
Pub Overview
Boasting a prime location in Banbury town centre just a few hundred yards from the iconic cross from which it derives its name, this delightful pub is ideally situated to profit from both visitors and the sizeable population on its doorstep. Currently the pub shows live sports, and music entertainment is lined up every weekend consisting of live bands, discos and karaoke late into the night, or if you prefer you can just pop in for a game of pool or darts and a great pint.
Suitable Applicants
Suitable applicants will need to possess the creativity and drive to progress the pubs already established and strong offer in a competitive marketplace. Experience of working in a busy town centre pub with solid commercial and financial skills are key for a thriving business of this size.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£26,000 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£10,000 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£5,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings |
£850 |
|
Advanced Rent In the region of 1 weeks rent |
£425 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
TBC |
ANTICIPATED RETAINED INCOME
|
Drink Sales 90% |
|
|
Food Sales 10% |
|
|
Accommodation 0% |
|
|
FMT = Fair Maintainable Trade |
Ongoing Costs
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Service Charge Payable monthly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£70 pw |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£99 pw |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£30 pw |
|
Rent In the region of (payable weekly in advance) |
£425 pw |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team
