Old Chequers

36 The Broadway, Thatcham, Berkshire, RG19 3HP

Pub overview

This is a great opportunity for someone to grow and develop a great pub in a fantastic location on the high street In Thatcham. The pub benefits from a beer garden and a large public car park for up to 25 cars.

Ideal for someone entering the trade for the first time or someone who is looking for a new challenge. The pub has access off the high street and the bar is divided by a large dated fire place which creates a natural two room feel which is perfect for developing the food trade. Total refurbishment planned to coincide with external re-decoration along with the introduction of a main stream food offer

The pub is separated by a large fire place, giving the feel of two separate rooms. There is also a great beer garden giving the option of enjoying a nice, cold pint in the sun during the summer months. The pub also benefits from a car park which has space for up to 25 cars.

Trade space
Bars 1
Car park spaces 15
Dining rooms 1
Food covers 60
Gardens 1
Trade kitchens 1
Patio areas 1

The accommodation is directly above the trading floor and is in good condition generally and capable of a family with up to three children.

Private space
Private Rooms 8
Lounge 1
Single Bedrooms 1
Double bedrooms 2
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent TBC per annum
Weekly rent TBC per week fixed
Notes

£00,000 per annum, £000 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 £41,650 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, working capital and deposit (25% of head rent, minimum £6,000).

Brokers £675 Legal £825
Deposit £6,000 Stocktaking fees £150
Fixtures & fittings £15,000 Working capital £15,000
Other costs £4,000 Total entry cost £41,650

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
•FOT on machines
•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)
2016/17 245 35 2,438
2015/16 241 509 2,801
2014/15 216 696 994
Volume notes

Location

The pub is situated in the market town of Thatcham which is close to Newbury Race Course and about 5 miles from Newbury town centre.

Facilities

Trade bar
Car park
Dining area
Pub garden
Trade kitchen
Trade patio

Current premises licence opening hours

Monday - Thursday: 09:00hrs - 02:00hrs Friday and Saturday: 09:00hrs - 03:00hrs Sunday: 09:00hrs - 01:00hrs

Contact Us

Graeme Marley

Business Development Manager

Call us today 01284 714 497

Apply online
“ The Old Chequers is a great opportunity for someone with an established food background to grow the trade and make the pub the stand out offer in Thatcham. I am looking to invest into the pub with the right operator to bring the pub more up to date and help develop the wet and dry trade at the pub. ”