Prince of Wales

64 Shepherds Lane, Bracknell, Berkshire, RG42 2BT

A GREAT BUSINESS, AT THE HEART OF THE LOCAL COMMUNITY

The Prince of Wales is a fantastic opportunity to run a pub business, that is operating at the heart of its local community. The pub has a sales split of roughly 70/30 in favour of wet sales alongside the Thai food offer, which is proving to be very popular. To be successful at this site, you will need to be able to engage with the locals, build upon this food offer and continue to offer live sport on tv. Internally the pub is well presented and offers two bars and has a spacious feeling. Externally, there is a wonderful garden, with fantastic outdoor seating. Although there is strong competition from other pubs in the area, by building upon the excellent foundations already in place and having a passion for engaging with the local community and excellent standards of service, there is plenty of room for further growth.

Location

Business Information

Annual rent

£31,000

Weekly rent

£596

Entry costs

£25,510

Turnover royalty

n/a

Forecasted Operator Turnover

£343,280

Forecasted Operator Profit (inc machine profit)

£30,168

Forecasted Operator Machine Profit

£20,000

Average Beer & Cider Discount*

£72

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry cost is approximately £25,510.00 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 £29,543. 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

£7,750

Fixtures & Fittings

£7,385

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£7,500

Other Costs

£1,150

Total Entry Costs

£25,510

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)
2019/20 195 100 69
2018/19 220 39 0
2017/18 216 479 1,897

This is a two bar site with excellent access to the commercial kitchen. To the rear of the pub there is a fabulous rear garden with lawn and snug seating area. To the front of the pub there is parking for approximately six cars

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

35

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

6

Current Premises License Opening Hours

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

The living accommodation is in good order and has had a new kitchen installed recently.

Private Rooms

8

Lounge

Yes

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, community minded operator who could take hold of the site and really build upon the solid foundations created by the existing licensee. The Prince Of Wales has true community spirit and is a great place for local residents to drink, eat, watch live sport and socialise. If you feel you could take this pub to the next level, please contact the recruitment team for further information

Graeme Marley, Business Development Manager

Apply for this property

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