Waggon & Horses

Faringdon Road, Southmoor, Abingdon, Oxfordshire, OX13 5BG

A GREAT OPPORTUNITY TO RUN A WELL-ESTABLISHED COMMUNITY BUSINESS, IN THE HEART OF SOUTHMOOR

The Waggon & Horses is a well-established business with year on year sales growth in the heart of the well served Village of Southmoor, Oxforshire. This pub has historically performed well and has recently come back to market due to retirement. This is an exciting opportunity for either a first-time operator or an established licensee to build upon these solid foundations and run a successful Pub business. The Pub currently engages well with its local community and is popular with local drinkers, diners and teams. The Waggon & Horses offers a great range of Cask beers, premium lagers and a large range of wines and spirits. The trade space is well presented and has approximately seventy food covers. Externally there is a large garden, which is ideal for the warmer weather and approximately twenty-five car parking spaces. The site is situated close to many residential homes, so there is plenty of potential trade, right on the door step

Location

Southmoor is a Village in central Oxfordshire, located just south of the A420. Southmoor is approximately six miles west of Abingdon. The Village is well served with various retailers, clubs and groups, active in the community.

Business Information

Annual rent

£41,227

Weekly rent

£793

Entry costs

£38,682

Turnover royalty

n/a

Forecasted Operator Turnover

£407,327

Forecasted Operator Profit (inc machine profit)

£40,599

Forecasted Operator Machine Profit

£14,000

Average Beer & Cider Discount*

£72

Type of Tie

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

Agreement

Standard Tenancy Agreement A fixed 5 year term. Machine income retained by licensee

Entry costs approximately £38,682.00, 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 £15,500 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

£10,307

Fixtures & Fittings

£15,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£38,682

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 115 605 1,508
2019 237 662 4,613
2018 226 408 4,850

There is a large ground floor trade areas with two bars and large restaurant room to the rear of the property. To the rear is a large garden and carpark to the side. There is a well fitted catering kitchen and good domestic accommodation on the upper floor.

Trade Bars

2

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

70

Trade Gardens

1

Trade Patio Areas

2

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

1

Function Rooms

0

Customer Car Park Spaces

25

Current Premises License Opening Hours

Sun - Thu: 12:00 - 11:30
Fri - Sat: 12:00 - 12:30

Good sized accommodation with 4 bedrooms, lounge, kitchen and bathroom.

Private Rooms

7

Lounge

0

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

Due to retirement, a fantastic opportunity has arisen to operate an excellent community business in the heart of Southmoor. The business currently hosts numerous sports teams and is very active within the local community. It also has a very good food offer and reputation and during warmer months as it has a very successful garden. This business would suit both a first-time operator with full support from Greene King or an established licensee. If you have the skills required to continue to build this great Pub, please contact the recruitment team

Wayne Farrell, Business Development Manager

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