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. *blended £108 off invoice discount available on draught beer and draught cider*
This is a great opportunity for an experienced food operator, who can demonstrate high volume food sales, 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.
* Please note that the large entry cost is a direct result from the recent refurbishment. Applicants will be considered who have a minimum of £40,000 as our assisted purchase scheme may be available for the right operator. *
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. *Machine Income free of tie*
Entry Costs approx £27,650 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||TBC||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.|
Located in the heart of the village on a busy through road to High Wycombe.