Mermaid
78 High Street, Burford, Oxfordshire, OX18 4QF
REFURBISHMENT PLANNED!
The Mermaid is a Cotswold village pub on Burford High street. This is a highly sought after location, steeped in history and with an abundance of tourism, both domestic and international. The pub attracts a mix of both drinkers and diners alike. The sales are split 50/50 between food and drink. We planning to refurbishment this lovely pub in early 2025, completely overhauling both the inside and outside of the pub, making it the go to destination for premium food and drink. The new operator will ideally be an established operator with a strong reputation, who can is confident with high volumes and great service capabilities. The newly refurbished Mermaid will be a fantastic location to take your business to the next level.
Bar
Function rooms
Garden
Kitchen
Patio
Location
Burford is a town on the River Windrush, in the Cotswold hills, in West Oxfordshire.. It is often referred to as the 'gateway' to the Cotswolds.
Business Information
Annual rent
£60,000
Weekly rent
£1,154
Entry costs
£45,375
Turnover royalty
n/a
Forecasted Operator Turnover
£747,715
Forecasted Operator Profit (inc machine profit)
£51,828
Forecasted Operator Machine Profit
£0
Average Beer & Cider Discount*
£72
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 £45,375 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 £50,000. 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
£15,000
Fixtures & Fittings
£12,500
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£15,000
Other Costs
£1,150
Total Entry Costs
£45,375
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 | 123 | 0 | 748 |
| 2022 | 168 | 4 | 1,081 |
| 2021 | 140 | 107 | 2,452 |
There is a single floor trade area with orangery and garden to rear. One bar servery with covers spread through the trading floor. The commercial kitchen is on the upper floor, with bench seating to the front patio.
Trade Bars
1
Trade Dining Areas
3
Trade Kitchens
1
Trade Food Covers
80
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
0
Current Premises Licence Opening Hours
Mon-Thu: 08:00-00:30
Fri-Sat: 08:00-02:00
Sun; 08:00-00:30
The accommodation comprises 2 bedrooms, bathroom and toilet.
Private Rooms
4
Lounge
0
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
0
Offices
0
Bedsits
0
I am looking for an experienced premium operator with close attention to detail and extremely high retail standards. Tourism knowledge is crucial, as is the ability to market the business digitally to overseas consumers who choose to visit Burford on their travels. A traditional offer is key to success, with the ability to execute exceptional service and consistent quality for food and drinks.
Wayne Farrell, Business Development Manager
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