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

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

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

Apply for this property

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