Horse & Groom

20 Rayne Road, Braintree, Essex, CM7 2QA

A WELL LOVED, TOWN CENTRE PUB, FAMOUS FOR REAL ALE AND GOOD FOOD

The Horse & Groom is an historic, well known Pub in Braintree town centre. It has a lovely beer garden which captures the sun all day long, the food offering is classic pub grub and is famous for its Real Ale, Beer festivals and music events. The Pub benefits from a great central location, which ensures footfall is high at all times of the day as it is just a stones throw from the various shops, pubs and restaurant within the town centre. You will build your success here, by engaging with the local community, having a passion for Real Ale and hosting regular events, including live music and build upon the previous success of these. Clever marketing and promotions could also help unlock further growth in sales and profit.

Location

Business Information

Annual rent

£30,500

Weekly rent

£587

Entry costs

£27,500

Turnover royalty

n/a

Forecasted Operator Turnover

£484,408

Forecasted Operator Profit (inc machine profit)

£27,092

Forecasted Operator Machine Profit

£11,000

Average Beer & Cider Discount*

£126

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term agreement

Entry costs approximately £27,500.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £12,000 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

£7,625

Fixtures & Fittings

£12,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£27,500

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)
2019/20 239 1,805 4,766
2018/19 308 2,174 5,122
2017/18 332 2,449 5,089

The trading space consists of two bar areas, including forty food covers. There are two bar serveries, trade kitchen and lovely rear garden which is a great sun trap. Additionally, there is also a car park with parking for ten vehicles.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

10

Current Premises License Opening Hours

Mon-Tue: 11:00-01:30
Wed: 09-00-01:30
Thu: 11:00-01:30
Fri-Sat: 11:00-02:00
Sun: 11:00-00:30

A large private accommodation area, would suit a couple or family

Private Rooms

11

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

2

Bathrooms

2

Toilets

2

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

I am seeking a community minded operator who can engage with the locals and offer excellent standards of service. This truly local pub is loved by the community and prides itself on selling great real ales, hosting regular events including live music and being family friendly. If the Horse & Groom is an opportunity that excites you, then please contact the recruitment team for further information.

James Pearson, Business Development Manager

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