Palmer Tavern

128 Wokingham Road, Reading, Berkshire, RG6 1JL

NEST PUBS - REFURBISHMENT PLANNED

The Palmer Tavern, Reading is a wet led pub which will be offered for re let under our new Nest Pubs franchise agreement. The pub will be refurbished, which will transform the pub and bring it to modern standards. The Nest franchise agreement offers a basic food offer of Pizza (and other handheld food items) and operates at the heart of the community. The pub will be an ideal meeting place for locals, couples, and families, who can expect to enjoy live sport and live music within the pub. There will also be pool and darts on offer and participation in local competitions will be encouraged.

Location

The Palmer Tavern is located next to a parade of shops in a residential area on the east side of Reading, opposite Palmer Park leisure centre and stadium and is within walking distance of the university of Reading.

Business Information

Annual rent

£0

Weekly rent

£0

Entry costs

£5,000

Turnover royalty

n/a

Forecasted Operator Turnover

£450,000

Forecasted Operator Profit (inc machine profit)

£30,000

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

Type of Tie

Agreement

Pub Franchise Agreement is an agreement for people who have Pub Management experience but are looking to find a simple way to run their own business without having a huge entry cost. You pay £3,000 entry fee (plus £2,000 working capital) and we take care of the property costs, energy bills and stock. We supply marketing, training, and ongoing support. In addition, you'll be paid 20% of weekly sales, known as the weekly turnover share, to cover your staffing costs. Bonuses and 9% share of profit are available based on business performance and standards audits. Private accommodation is provided where available.

Entry cost of £3000 is payable on change day. This includes legal fees and start up training costs. An extra £2000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.

Deposit

£0

Fixtures & Fittings

£0

Legal Admin Fee

£0

Broker Fee

£0

Stocktaking Fee

£0

Working Capital

£2,000

Other Costs

£3,000

Total Entry Costs

£5,000

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 172 0 3,083
2022 187 0 2,901
2021 139 0 2,332

There is a single bar pub, with large beer garden and covered area. The pub will be fully refurbished.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

60

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

18

Current Premises Licence Opening Hours

Sun-Thu: 10:00-23:30
Fri-Sat: 10:00-00:00

The accommodation comprises 3 bedrooms, kitchen, lounge, bathroom, toilet and office.

Private Rooms

8

Lounge

1

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

The Nest Pubs franchise agreement is ideal for community minded pub managers, who are looking to run their own pub business, without the large outlay required for kitchen staff. If you are community minded, demand high standards and are passionate about great service, this might be the opportunity you have been waiting for.

Alex De Araujo, Business Development Manager

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The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.