Hampshire Arms
Pankridge Street, Crondall, Farnham, Surrey, GU10 5QU
REFURBISHMENT PLANNED
The Hampshire Arms in Crondall is a village pub with a community hub feel. We are currently planning a refurbishment to re position it as a premium food destination business. Both inside and out will be rejuvenated, giving the pub a whole new look and feel, as well as a much improved garden space. The customer toilets will also be reposition to the rear of the site and the pub will benefit from all new external signage and lighting. The pub should still attract locals looking for a good meal and experience, but also focus on the drive to market and build a strong reputation for great food, service and experience.
Bar
Function rooms
Garden
Kitchen
Patio
Location
Crondall is a village and large civil parish in the northeast of Hampshire, in the Crondall Hundred surveyed in the Domesday Book of 1086. The village is on the gentle slopes of the low western end of the North Downs range and has the remains of a Roman villa. Set in this attractive village, The Hampshire Arms lies in a residential area, on a leafy lane. Crondall benefits from various local amenities including surgery, village hall and shop.
Business Information
Annual rent
£48,500
Weekly rent
£933
Entry costs
£38,750
Turnover royalty
n/a
Forecasted Operator Turnover
£578,544
Forecasted Operator Profit (inc machine profit)
£48,171
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
£36
Type of Tie
Partial tie: Tied All Beer & All Cider
Agreement
Standard Tenancy Agreement. A fixed 5 year term
Entry cost is approximately £38,750 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 £35,000. 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
£12,125
Fixtures & Fittings
£8,750
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£15,000
Other Costs
£1,150
Total Entry Costs
£38,750
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 | 66 | 992 | 950 |
| 2022 | 87 | 1,225 | 1,268 |
| 2021 | 88 | 929 | 948 |
This is a single bar pub with the trade space wrapping around the kitchen, which is well positioned and easily accessed. There is also a function room, garden, patio and car park.
Trade Bars
1
Trade Dining Areas
0
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
0
Function Rooms
1
Customer Car Park Spaces
15
Current Premises Licence Opening Hours
Mon-Thu: 11:00-00:00
Fri-Sat: 11:00-01:00
Sun: 12:00-23:00
The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom, toilet and office.
Private Rooms
7
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
1
Bedsits
0
The Hampshire Arms would suit an experienced operator who can drive a food destination offer, whilst not losing sight of the local community. Premiumisation would be the order of the day offering a range of cask ales, spirits and cocktails which would complement locally sourced produce.
Graeme Marley, Business Development Manager
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