Under Offer

Chequers Tree

High Street, Prestwood, Great Missenden, Buckinghamshire, HP16 9HD

Pub overview

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.

Trade space
Bars 1
Car park spaces 30
Dining rooms 1
Food covers 90
Trade kitchens 1
Patio areas 2

Private accommodation has recently been upgraded and is in very good condition throughout.

Private space
Private Rooms 9
Lounge 1
Double bedrooms 4
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £40,000 per annum
Weekly rent £769.23 per week fixed
Notes

£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*
Rent is calculated with a discount element of £108 per barrel & 100% machine share to the tenant.

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.

Brokers £675 Legal £825
Deposit £10,000 Stocktaking fees £150
Fixtures & fittings TBC Working capital £10,000
Other costs £6,000 Total entry cost £27,650

Agreement description

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.

Trading volumes

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 236 86 4,443
2015/16 110 161 2,566
2014/15 180 13 2,342
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.

Location

Located in the heart of the village on a busy through road to High Wycombe.

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Sun to Thurs 08:00 - 23:30 Fri & Sat 08:00 - 23:30

Contact Us

Mick Sheridan

Business Development Manager

Call us today 01284 714 497

Apply online
“ Heart of the village pub, benefitting from a very recent substantial, high quality refurbishment. Great facilities throughout which include 2 x bar/restaurant areas, trade kitchen, front & rear beer terrace, car park & substantial living accommodation. ”