Holly Bush

35 Corn Street, Witney, Oxfordshire, OX28 6BT

A POPULAR MODERN DINING PUB.

The Holly Bush in Whitney is a delightful pub known for excellent food and great standards. The pub trades at around a 40/60 split in favour of food. The pub has traditionally been popular with customers looking for high quality food. premium drinks and great service. The pub has cosy indoor dining as you might expect, however it also has wonderful alfresco dining options too. The pub is now ready for a new operator and this is your chance to build upon solid foundations and put your own spin on the pub. The pub has held 2 AA Rosettes for Culinary Experience in the past and won numerous other awards, meaning the Holly Bush has an enviable reputation.

Location

Witney is a market town on the River Windrush in West Oxfordshire. It is 12 miles west of Oxford. The place-name "Witney" is derived from the Old English for "Witta's island". This picturesque town lies on the eastern edge of the Cotswolds. The Holly Bush is in the centre of town on Corn Street, alongside various local shops and other amenities.

Business Information

Annual rent

£38,500

Weekly rent

£740

Entry costs

£30,000

Turnover royalty

n/a

Forecasted Operator Turnover

£688,113

Forecasted Operator Profit (inc machine profit)

£38,982

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider, Minerals & Spirits

Agreement

Standard Tenancy Agreement. A fixed 5 year term

Entry cost is approximately £30,000 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 £30,000. 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

£9,625

Fixtures & Fittings

£7,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£30,000

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 72 361 3,904
2022 93 10 3,449
2021 80 0 3,019

There is nice window seating in the front of the pub with the bar (2 tables 10-12 covers) to the right as you walk in and a lovely log burner to the left (3 tables 16-18 covers). This front section is nice and light in the daytime and a popular place to be. Through a small corridor in the middle of the pub there is the service section to the bar and a small intimate room to the left which has 4 tables that can comfortably seat 16 covers. In the garden room there is the entrance to the kitchen as well as the entrance to the garden (5 tables 16-20 covers). As you enter the garden to the right there is a sheltered terrace (6 tables 24-32 covers). Also to the right is the Elephant Room (converted barn with high ceilings) which is idea either as an extended dining room or to hire for private functions (6 tables 24-40 covers). To the right in the garden are four private dining houses that are insulated and heated (4 dining houses 20-28 covers). On the patio in the lead up to the dining houses and around them are a number of tables that are not covered (7 tables 24-28 covers). Finally, directly ahead as you walk into the garden is the captains bar which is a high bar with stools which is also covered (8-10 covers).

Trade Bars

1

Trade Dining Areas

3

Trade Kitchens

1

Trade Food Covers

68

Trade Gardens

1

Trade Patio Areas

0

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

1

Current Premises Licence Opening Hours

Sun-Thu: 08:00-00:30
Fri-Sat: 08:00-02:30

The accommodation comprises 3 bedrooms, kitchen, lounge, bathroom and toilet

Private Rooms

7

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced local operator who can deliver a high quality food offer. You'll need to clearly define your target market and offer a consistent standard of food, 7 days a week. This modern dining pub is well regarded locally and could be a great opportunity for the right person. If that person is you, then please contact the recruitment team for further information.

Bruce Wakeling, Business Development Manager

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