Chestnut Horse

GENERAL INFORMATION

LOCATION

This pub is situated on the main road through the village of Gt Finborough just outside Stowmarket. There are schools nearby with a local village shop, the location has easy access to the A14 and is only 10 minutes from Stowmarket railway station and town centre.

TRADE AREAS

1 bar and single trading area, toilet, large catering kitchen and ground floor cellar.

PRIVATE ACCOMMODATION

3 bedrooms (2 double & 1 single), lounge, bathroom and separate toilet.

BUSINESS INFORMATION

AGREEMENT DESCRIPTION

FOUNDATION Flexible 1 Year Foundation Agreement (Free of Tie on Wines, Minerals and Spirits) - giving you the ability to build trade and have lower ingoing costs Flexible terms available. TENANCY 3 YEAR Rolling Agreement (Free of Tie on Wines, Minerals and Spirits). No rent review and a capped RPI increase at 4.75%. Service agreement to include repair and maintenance package.

COSTS

TENANCY/ FOUNDATION £24,000 which includes £12,500 fixtures & fittings, stock, glassware, crockery, cutlery, fuel & cleaning materials, legal, brokers and stocktaking fees, rent in advance, security bond of £5,750 and working capital £5,000

RENT

TENANCY: £23,000 per annum, £443 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit. FOUNDATION: £23,000 per annum, £443 per week paid weekly by direct debit. Review conducted in month 6. All terms negotiated on agreement.

VOLUME

ESTIMATING TURNOVER

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation, (if applicable). Barrelage figures are given to assist you with calculations.

VOLUME DISCOUNT

Volume Discount Scheme (VDS) £100 per barrel over Beer Barrelage Target (BBT). Two weeks trading terms.

CURRENT PREMISES LICENCE OPENING HOURS

Sunday - Thursday 10:00 to 00:00 Friday and Saturday 10:00 to 01:00

WHAT TO DO NEXT

WHO SHOULD APPLY

An excellent opportunity for a couple or single person with relevant experience in high standards of customer care, food and Real Ales. Must be community minded and seek to put this pub at the heart of the community with good interpersonal skills and excellent organisational ability.

VIEWING/INTERVIEW DAY

Informal viewings can be made by either visiting the pub as a customer, or telephoning the pub on 01449 612298 or telephoning Regional Manager Steve Look on 07974 132459.

HOW TO APPLY

If you have viewed the property and identified that it's right for you, you may apply online or telephone 01284 714497 to register your interest. You will need to complete an application form if you have not already done so.