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
Childplay areas
Garden
Kitchen
Location
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
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*
Blended £72
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954 •Tie variations available •Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped •Flexible pricing options available •Greene King is responsible for the structure of the building •Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent
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.
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2018/19 | 233 | 425 | 4,785 |
| 2017/18 | 210 | 206 | 4,007 |
| 2016/17 | 198 | 76 | 1,947 |
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
Yes
Trade Dining Areas
Yes
Trade Kitchens
Yes
Trade Food Covers
70
Trade Gardens
Yes
Trade Patio Areas
Yes
Trade Rooms to Let
0
Meeting Rooms
No
External Child Play Areas
Yes
Function Rooms
No
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
No
Dining Rooms
0
Double Bedrooms
3
Single Bedrooms
1
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
0
Bedsits
0
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
Apply for this property
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