High Street, Prestwood, Great Missenden, Buckinghamshire, HP16 9HD
Located in the heart of the village this pub has recently been refurbished throughout with a substantial investment.
The Chequers Tree has separate dining and drinking areas, with several boothed seating areas, a log burning fire, both a front and rear garden area and an ample sized car park. This is a great opportunity for a food operator, to grow an already established pub and kitchen operation.
The successful applicant will also need to be able to mix with the local community and focus on local events, teams and charity events and really establish themselves at the heart of this community and drive wet sales.
There is a possible development opportunity in the garden areas to build help maximise the wet trade through the summer.
This pub is a real part of the community being one of the only places to eat and drink in the village
A newly refurbished bar & trade kitchen which serves a casual bar area with approx. 30 covers, a more formal dining room with approx. 60 covers and 2 external beer terraces which will cater for approx. another 30 covers.
|Car park spaces||30|
Private accommodation has recently been upgraded and is in very good condition throughout.
|Annual rent||£40,000 per annum|
|Weekly rent||£769.23 per week fixed|
£40,000 per annum, £769.23 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Entry costs approx £27,650.00 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Fixtures & Fittings are to be valued, an assisted purchase of the F&F may be considered for the right applicant. Other costs would relate to stock at valuation.*
|Fixtures & fittings||£0||Working capital||£10,000|
|Other costs||£6,000||Total entry cost||£27,650|
Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•50/50 profit split of machines income
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
Calculators to help you are available on the business planning section of our website.
|Year||Beer (Brls)||Wine & spirits (Ltrs)||Minerals (Ltrs)|
|Volume notes||Volume figures will be included in the PSP & discussed at PSI, as the pubs volumes are effected from the 3 month closure for the refurbishment.|
Prestwood is a village in Buckinghamshire, England. It is located in the Chiltern Hills, about two miles west of Great Missenden and five miles north of High Wycombe.