Bull
Bicester Road, Launton, Bicester, Oxfordshire, OX26 5DQ
KNOWN FOR GREAT ALES AND PUB FOOD
The Bull at Launton is a traditional, grade II listed country pub with large garden and ample parking. The pub benefits from a strong real ale following and offers good quality pub food, at approximately a 60/40 sales split in favour of drinks. The new operator will have solid foundations to build upon and will be expected to maintain the current trade, but also add more entertainment and events to attract new customers and drive additional income. The pub should appeal to all within the local community but does also benefit from passing trade due to its location on a busy crossroad. This attractive building is full of charm and character and is believed to date back to the late 17th or early 18th century and has thatched roofs and brick gable stacks.
Bar
Childplay areas
Dining areas
Garden
Kitchen
Patio
Location
Launton is a village and civil parish on the eastern outskirts of Bicester, Oxfordshire. The demographics of the area show that there is an above the UK average demand for a mid-market to premium offer within a 1 mile radius of the pub and that an above the UK average amount of over 65s live within 0.3 miles of the Bull.
Business Information
Annual rent
£32,000
Weekly rent
£615
Entry costs
£28,875
Turnover royalty
n/a
Forecasted Operator Turnover
£390,729
Forecasted Operator Profit (inc machine profit)
£33,227
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
£72
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard tenancy agreement. A fixed 5 year term.
Entry cost is approximately £28,875, which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £32,000. 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
£8,000
Fixtures & Fittings
£8,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£28,875
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 165 | 93 | 3,557 |
| 2022 | 161 | 37 | 3,666 |
| 2021 | 107 | 9 | 2,408 |
There is a central bar with a seperate dedicated dining room. There is plenty of seating throughout the pub and a log burner. Extnerally there is a large garden and car park.
Trade Bars
1
Trade Dining Areas
1
Trade Kitchens
1
Trade Food Covers
60
Trade Gardens
1
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
1
Function Rooms
0
Customer Car Park Spaces
20
Current Premises Licence Opening Hours
Mon-Sun: 09:00-01:00
The accommodation comprises 3 bedrooms, lounge, bathroom, toilet and office.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
0
Offices
1
Bedsits
0
A couple who understands village life and want to be at the centre of village activity would be the ideal candidates for this pub. They will need lots of experience of running events and managing local teams. The village continues to grow so the opportunity to grow the business further exists.
Bruce Wakeling, Business Development Manager
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