Horse & Jockey

25 Faringdon Road, Stanford-In-The-Vale, Faringdon, Oxfordshire, SN7 8NN

AVAILABLE DUE TO RETIREMENT

The Horse & Jockey is a popular, well established public house in the picturesque village of Stanford In The Vale. The pub is popular with local residents, whilst also being a great destination for those from further afield. The sales split is fairly even, trading at approximately 55% food sales. The pub also offers three letting rooms and is known locally for great quality food and standards of cleanliness and service, it even has its own vegetable patch! Although well established, the site offers scope for growth and the food menu could be revamped to attract new customers.

Location

Stanford in the Vale is a village and civil parish in the Vale of White Horse about three and a half miles south-east of Faringdon and five miles northwest of Wantage. It is part of the historic county of Berkshire, however since 1974, it has been administered as a part of Oxfordshire. The pub sits on the southern edge of the village, with numerous residential properties close by

Business Information

Annual rent

£44,000

Weekly rent

£846

Entry costs

£87,875

Turnover royalty

n/a

Forecasted Operator Turnover

£526,821

Forecasted Operator Profit (inc machine profit)

£40,652

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £87,875.00, 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 £45,000 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

£11,000

Fixtures & Fittings

£45,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£25,000

Other Costs

£5,150

Total Entry Costs

£87,875

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 87 34 2,573
2019 165 74 5,833
2018 164 62 5,562

There are two main bar areas, with food served in both. There are approximately one hundred food covers. Externally there is a covered patio area to the rear, where food is served and a beer garden to the front, as well as a car park offering parking for approximately thirty vehicles.

Trade Bars

2

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

100

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

3

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

30

Current Premises License Opening Hours

Sun-Thu: 11:00-00:30

The accommodation is in excellent condition and comprises three bedrooms, kitchen, lounge, two bathrooms, three toilets and office.

Private Rooms

11

Lounge

1

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

2

Toilets

3

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an experienced local operator who has the knowledge and know how of a large food offer and occupation of letting rooms. The site is available due to retirement and offers an opportunity to take on an already established business. If you are looking for further information, please contact the recruitment team

Simeon Baker, Business Development Manager

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