Lord Kitchener

Lew Road, Curbridge, Witney, Oxfordshire, OX29 7PD

Attractive destination food led pub and restaurant, ideally situated in extensive grounds within an affluent village location.

The Lord Kitchener, said to be one of the oldest pubs in Oxfordshire, provides a great opening for entrepreneurs wishing to run a fine dining food and drink business. The building is packed full of character, with a warm and modern finish and is situated along the main busy road. The pub is a well-established destination food venue, which draws on passing trade as well as serving the local village. This pub offers great diversity and is a platform for those with vision and flair to take the business in an upward direction whilst being able to put your own stamp on it with the introduction of new ideas and offers. Making the most of its Cotswold location, improving the current food offer, decent garden, alfresco dining and excellent engagement with the local community is needed to be successful here

Location

Business Information

Annual rent

£30,000

Weekly rent

£577

Entry costs

£44,725

Turnover royalty

n/a

Forecasted Operator Turnover

£360,617

Forecasted Operator Profit (inc machine profit)

£29,432

Forecasted Operator Machine Profit

£0

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Average Beer & Cider Discount*

£36

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term a •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

Entry costs approximately £44,725.00, 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 £30,000 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

£7,500

Fixtures & Fittings

£30,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£3,000

Other Costs

£2,500

Total Entry Costs

£44,725

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 69 0 0
2018/19 72 0 0
2017/18 60 1 45

The main bar area is separated by a large fireplace in the centre and is well furnished in a modern design, including comfy sofas and lounger chairs which can be used to relax on after a meal. The bar area also features a wood burner at the far end leading to the refurbished restaurant which is bright and airy with bench seating along one wall and space for around sixty covers. Total covers excluding the garden are one hundred and ten which includes thirty in the new function room/ private dining area. The external garden at the rear of the property looks out across paddocks and fields, this area is suitable for up to thirty covers which is a great pull in summer months for providing al fresco dining. There is a large car park for thirty cars, catering for those destination diners.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

111

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

Yes

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

30

Current Premises License Opening Hours

Mon - Wed: 10:00 - 23:30
Thu: 10:00 - 00:00
Fri - Sat: 10:00 - 00:30
Sun: 12:00 - 23:00

Three large bedrooms and two lounge areas (one currently used as an office), bathroom with shower. The accommodation is spread across the first floor and is in good condition. There is an additional one bedroom flat with lounge, kitchen and dining area, this is currently in need of updating but could be used for manager's accommodation or rental income via letting accommodation.

Private Rooms

6

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

0

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

I am ideally seeking an experienced operator with a real passion for excellent service, food and drink. However, I would consider an excellent first time operator if they have the required drive, skill set and desire to succeed. The new operator will develop the business for the local community and drive this destination pub forward, to reach new heights. If you have the skills and determination I am looking for, please contact our recruitment team

Asa Charlton,

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