Mulberry

237 Broadway, Didcot, Oxfordshire, OX11 8QJ

A GREAT OPPORTUNITY TO OFFER A PREMIUM FOOD AND BEVERAGE SERVICE

The Mulberry offers an excellent opportunity to take control of a quality food and drink business, waiting for a fresh start. The site has historically traded at approximately 60/40 sales split in favour of drink. The pub will fit nicely into the local casual dining scene and should attracts families, couples and locals looking for a great meal out or drinks with friends. The Mulberry offers excellent room for growth and a new dedicated operator with excellent standards of service will be able to build upon food offer and expand it further whilst driving weekend footfall. The pub was rebuilt 2016 and benefitted from a £700,000 investment and is still in superb condition throughout.

Location

Didcot is a railway town and civil parish in the ceremonial county of Oxfordshire and the historic county of Berkshire. Didcot is fifteen miles south of Oxford, ten miles east of Wantage and fifteen miles north west of Reading. The Mulberry is located on a busy main road close to large residential areas, with numerous local businesses and services close by

Business Information

Annual rent

£32,000

Weekly rent

£615

Entry costs

£71,375

Turnover royalty

6%

Forecasted Operator Turnover

£550,777

Forecasted Operator Profit (inc machine profit)

£52,579

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Turnover Discount

Type of Tie

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

Agreement

A five year Turnover Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net turnover sales.

Entry costs approximately £71,375.00, 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 £43,000 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

£8,000

Fixtures & Fittings

£43,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£17,500

Other Costs

£1,150

Total Entry Costs

£71,375

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 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 21 62 1,120
2019 136 509 8,021
2018 85 390 6,725

There is a large ground floor trading space accommodating over eighty food covers, there is a large front facing bar with open plan theatre kitchen to the side aspect. Externally there is a decent garden space offering extra covers during the warmer weather. There is a large car park offering spaces for approximately forty vehicles.

Trade Bars

1

Trade Dining Areas

3

Trade Kitchens

1

Trade Food Covers

80

Trade Gardens

2

Trade Patio Areas

2

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

40

Current Premises License Opening Hours

Sun - Thu: 09:00 - 23:30
Fri - Sat: 09:00 - 00.30

The private accommodation is in excellent condition and comprises of three bedrooms, lounge, kitchen, bathroom and office.

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced food focused operator who has know how and knowledge of how to offer a premium food and beverage service. Excellent standards of service and quality of product will be essential to your success at the Mulberry. If the Mulberry is the right kind of pub for you, then please contact our recruitment team for further information.

Wayne Farrell, Business Development Manager

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