Barleycorn Inn

Lower Basingwell Street, Bishops Waltham, Southampton, Hampshire, SO32 1AJ

A thriving public house which offers a ready made business and a fantastic opportunity for a new operator.

The Barleycorn is a very popular and busy public house located in the heart of Bishops Waltham. This business benefits from a very strong local community customer base supported by visitors and regular customers from the surrounding areas. The pub offers a great selection of drinks and is famous for its annual Gin Festival. Food is 'home cooked' and very good value. This is a two bar operation with a public / locals bar and lounge bar set up for both casual drinking and dining. There is a designated covered smoking area, large patio, extensive commercial garden and great car parking facilities

Location

Business Information

Annual rent

£55,000

Weekly rent

£1,058

Entry costs

£41,435

Turnover royalty

n/a

Forecasted Operator Turnover

£708,381

Forecasted Operator Profit (inc machine profit)

£50,722

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£72

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £41,435 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 which is equal to 25% of head rent. Fixtures and Fittings are valued at approximately £20,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period.

Deposit

£13,750

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£960

Total Entry Costs

£41,435

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 463 90 356
2018/19 527 90 409
2017/18 532 7 438

This is a two bar pub with a locals / public bar and a louge / dining area. The trade areas are in very good decorative order and the quirky appearance adds to an inviting and friendly feel and atmosphere. There are two sets of toilets that support each bar and an adequate commercial catering kitchen. Exceptional external trading space is complimented by a huge car park. There are detached outbuildings that house the cellar and additional storage facilities

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

50

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

Yes

Function Rooms

No

Customer Car Park Spaces

30

Current Premises License Opening Hours

Mon-Sat: 11:00-00:30
Sun: 11:00-23:00

The private accomodation is in good decorative order. It is currently used in conjuction with providing a large office and packaged drinks storage facility for the business plus a seperate food storage area that can be used for food preparation. This space can be reconfigured to suit

Private Rooms

5

Lounge

Yes

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

The Barleycorn is a phenomenally successful business that offers new operators a fantastic opportunity. I am looking for an excellent operator who can maintain the great trade and engage with the local community. If you have the skills required, please contact the recruitment team for more information

Rob Ayling, Business Development Manager

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