Plume of Feathers

The Borough, Crondall, Farnham, Surrey, GU10 5NT

AN ATTRACTIVE DESTINATION PUB

The Plume of Feathers in Crondall is a beautiful country pub, in an attractive village. The pub has been well traded in recent years, but could benefit from fresh ideas and a new lease of life. The pub is full of character and attracts locals, destination diners and those looking for an overnight stay in the 3 en suite letting rooms. The pub currently trades at a split of 50(drink)/40(food)/10(accommodation) and the rooms could be utilised further to drive income. Greene King would be prepared to explore a potential capex scheme to improve and modernise the pub and possibly add further letting rooms, if the right operator is found.

Location

Crondall is a village and large civil parish in Surrey, in a similar location to the Crondall Hundred surveyed in the Domesday Book of 1086. The village is on the gentle slopes of the low western end of the North Downs range, and has the remains of a Roman villa. The pub is situated centrally and is surrounded by residential housing and local amenities.

Business Information

Annual rent

£40,000

Weekly rent

£769

Entry costs

£52,900

Turnover royalty

n/a

Forecasted Operator Turnover

£382,034

Forecasted Operator Profit (inc machine profit)

£39,521

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£34

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £52,900.00, 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

£10,000

Fixtures & Fittings

£30,000

Legal Admin Fee

£850

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£52,900

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 and 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)
2021 72 0 0
2020 43 0 0
2019 87 0 0

This is a single bar site. The main bar is to the front of the site, with the trading area to the rear of the site and adjacent to the kitchen is used as a restaurant. The courtyard to the rear of the propery is a well used area for alfresco dining and drinks alike, this is complimented with the 3 letting rooms that run parallel to the patio area. There is a car park with approximately 30 spaces to the rear of the pub.

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

63

Trade Gardens

0

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 Licence Opening Hours

Mon-Sat: 11:00-00:00
Sun: 12:00-23:30

The accommodation comprises 3 bedrooms, lounge, kitchen, dining room, toilet, bathroom

Private Rooms

8

Lounge

1

Dining Rooms

1

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator who can deliver an offer that is at the heart of the community and is an attractive destination food pub. Experience with letting rooms would also be advantageous as the site has 3 rooms with en suite facilities. If you think you might fit the bill, please contact our recruitment team for more information.

Graeme Marley, Business Development Manager

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