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REDUCED INGOINGS NOW £149,950 Landmark Oxfordshire public house with high turnover of food due to its excellent location! ...
REDUCED INGOINGS NOW £149,950 Landmark Oxfordshire public house with high turnover of food due to its excellent location! ...
The Bell is a well established town centre business which has been successfully traded by the current tenant for the last five years. During that time a strong wet trade has been built which includes 4 darts teams and a food trade which is predominantly Thai. There are 5 letting bedrooms of which two have en-suite facilities. The Bell overlooks the busy market square which is the hub of the town which has a population of circa 10,000 (Wikipedia). There is an element of community business at the Bell as it hosts four darts teams. Food is served from breakfast time through lunchtime and evenings. The rooms are set up for contractor trade and have a tariff rate of £25.00 per person per night including breakfast.
3 YEAR TENANCY
FULLY TIED
£35,500
£35,000 pa
"The Bell is a sound business which has been built over the last 5 years by the current tenant and therefore needs an experienced operator who can juggle the differing demands of a busy town centre site which has a wet trade, busy food offer as well as letting bedrooms. Local knowledge is not essential but may be an advantage."
T: 07974 132624
Local drinking
The Bell occupies a prime corner plot in the busy and affluent market town of Wantage. According to Wikipedia the population lies at 10,000 people however the town has undergone some investment and development including the new Sainsburys store as well as new housing developments dotted around the town centre.
Entrance Porch leading to front area: used mainly for dining with spindle backed chairs to timber topped tables for approx 26 persons. Main bar area with timber servery to one wall, seating on fixed upholstered seats to timber topped tables with high backed chairs for approx 18 persons. Brick fireplace and wall mounted T.V. Rear dining/games area: doubles as dining and games area with darts throw, seating on high backed chairs to timber topped tables for approx 12 persons. Ancillary Areas: Ladies and Gents w.c's. Washroom with stainless steel sink unit and shelving. Catering kitchen with range of appliances. Traditional underground beer cellar with storeplace off. Letting bedrooms: arranged over 1st and 2nd floors and comprising: 1 double room with en-suite showeroom and 1 single room with en-suite showeroom. 2 further single rooms (non en-suite) and 1 family room (non en-suite). The non en-suite bedrooms have sink units and are served by a separate showeroom and w.c. All rooms have T.V and tea/coffee facilities. External details: small service yard to rear.
Arranged at first floor level and comprising of landing, domestic kitchen area, 2 double bedrooms and showeroom with separate w.c.
3 YEAR Free of tie rolling agreement tied on wines, minerals & spirits. No rent review and a capped RPI increase at 4.75%. Service agreement to include repair and maintenance package.
£35,500 which includes £14,000 fixtures & fittings. stock, glassware, crockery, cutlery, fuel & cleaning materials, legal, brokers and stocktaking fees, rent in advance, security bond of £00,000 and working capital £8,000.
£35,000 per annum, £673 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.
| YEAR | BEER (Brls) | WINES & SPIRITS (ltrs) | MINERALS (ltrs) |
| 2009/10 | 210 | 481 | 5595 |
| 2008/09 | 218 | 772 | 5539 |
| 2007/08 | 213 | 1599 | 5134 |
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 Scheme (VDS) £100 per barrel over Beer Barrelage Target (BBT). Two weeks trading terms.
Opening Hours: Mon to Sun: Midnight - Midnight Licensed Hours: Mon to Sun: Midnight - Midnight (Residents Only) Mon to Sat: 11:00 - 00:00 Midnight Sunday: 12:00 Noon - 23:30
Would ideally suit applicants who have some experience of running a busy pub, especially on the catering side of the business.
Informal viewings can be made by either visiting the pub as a customer or telephoning Regional Manager Gerard Winder on 07974 132624.
Once you have viewed the property and identified that it's right for you, the next step is to complete an application form. This can be done online at www.greenekingpubs.co.uk. If you do not have access to the internet, or have already completed an application form, please telephone 01284 714497 to register your interest. Please ensure your completed application form is received immediately
Greene King Pub Partners | Recruitment | Abbot House | Bury St Edmunds | Suffolk | IP33 1QT | Tel: 01284 714497
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