Plough

63 North Street, Bicester, Oxfordshire, OX26 6NB

Pub overview

The Plough, located in the centre of the busy commuter town of Bicester, offers a real opportunity to stand out from the crowd!

This recently refurbished pub has a great opportunity to establish itself as a high quality, well run community pub, offering something for everyone. This pub has all the key ingredients to succeed with an outdoor garden with pizza oven, three high specification letting rooms and ample car parking.

We are looking for a partner with a passion for cask ale and locally produced food to drive the business forward; growing trade by taking advantage of the passing footfall and tourists who visit the local Bicester Outlet Village.

The pub benefits from a separate dining area and large drinking space, together with 3 letting rooms and a great outside drinking area with a wood fired pizza oven.

Trade space
Bars 1
Car park spaces 10
Dining rooms 1
Food covers 40
Trade kitchens 1
Rooms to let 3
Patio areas 1

The private accommodation consists of 1 bedroom, living room, kitchen, ensuite shower/toilet and laundry room.

Private space
Private Rooms 5
Lounge 1
Double bedrooms 1
Private Kitchen 1
Bathrooms 1
Toilets 1

Rent information

Annual rent £41,250.00 per annum
Weekly rent £793.27 per week fixed
Notes

£41,250 per annum, £793.27 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 £67,150 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). Greene King can help with an assisted purchase scheme for fixtures and fitting where a minimum 25% deposit is paid in advance (reducing initial entry cost by £33,000).

Brokers £675.00 Legal £825.00
Deposit £7,000.00 Stocktaking fees £150.00
Fixtures & fittings £45,000.00 Working capital £10,000.00
Other costs £3,500.00 Total entry cost £67,150.00

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
•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)
2015/16 102 1,648 2,892
2014/15 144 208 3,464
2013/14 155 75 3,533
Volume notes The FMT assessment for the Local Hero volume is based upon a projection of the standard that this pub should achieve with a reasonable operator.

Location

This historic market centre is one of the fastest growing towns in Oxfordshire. The towns development has been favoured by its proximity to junction 9 of the M40 motorway linking it to London, Birmingham and Banbury. It has good road links to Oxford, Kidlington, Brackley, Buckingham, Aylesbury and Witney, as well as rail service, consisting of two railway stations; Bicester North and Bicester Town.

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Letting rooms
Trade patio

Current premises licence opening hours

Sunday to Thursday 10:00 - 00:00 Friday & Saturday 10:00 - 01:00

Contact Us

Craig Morgan

Business Development Manager

Call us today 0845 607 5330

Apply online
“ A great all round pub with a strong food and wet trade together with letting rooms in the town of Bicester in Oxfordshire. This pub will suit an experienced operator who wants to develop all aspects of the trade in a desirable part of Oxfordshire. ”