Prince of Wales
Lidsey Road, Woodgate, Chichester, West Sussex, PO20 3ST
FANTASTIC OPPORTUNITY TO CAPTURE PASSING TRADE The Prince of Wales would suit an energetic person(s) with the desire and passion to grow a good quality traditional public house with a substantial food business. Drive and enthusiasm will be required to continue the hard work of the outgoing tenants.
A spacious two bar site with separate eating area in a pleasant setting between Chichester & Bognor Regis. It occupies a great location on the busy A29 with the opportunity to capture passing trade. There is a superb food offer available in a contemporary setting. There is an opportunity for growth on both food and liquor which could be developed with a personal touch of new ideas and direction you could bring. The pub attracts a range of trade due to the busy location, which produces a steady lunchtime and healthy early evening trade.
Trade: Public bar & Lounge bar 40 cover dining room / restaurant, toilets, well equipped trade kitchen and basement floor cellar External: Large garden, Patio, Car park (40 spaces) outbuildings, private garden and paddock
|Car park spaces||40|
2 spacious bedrooms, lounge, bathroom, toilet and kitchen
|Annual rent||£33,000 per annum|
|Weekly rent||£634.62 per week fixed|
£33,000 per annum, £634.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Approx £41,650 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, rent in advance, training fees, working capital and deposit (minimum £6,000, but should build to 25% of head rent).
|Fixtures & fittings||£20,000||Working capital||£10,000|
|Other costs||£2,000||Total entry cost||£41,650|
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
•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)|
The Prince of Wales is situated 5 miles from both the South Coast at Bognor Regis and the city of Chichester in the pretty village of Woodgate. Fontwell race course is less than three miles away. There are several large population centres close by to attract custom from. Towns such as Aldingbourne, Woodgate and Eastergate are all a short distance away.