White Hart

367 Worting Road, Basingstoke, Hampshire, RG22 5EQ

The White Hart is a quirky, charming Pub with plenty to offer

Greene King are offering a fantastic opportunity to take hold of this Pub and develop it further into a great live sport venue. The site is a single bar operation with large screen TV’s, so its an ideal venue for customers to watch Football, Rugby or Cricket and create a great atmosphere. There is also a mezzanine area with forty food covers which offer excellent potential to improve upon the current mixture of Thai and traditional dishes. Externally, there is a secluded patio area which is popular during the warmer weather. The White Hart is located close to large residential areas, so there should be plenty of locals to capture the imagination of and temp into the Pub. We would potentially invest in this site, with the right operator.

Location

Greene King are offering a fantastic opportunity to take hold of this Pub and develop it further into a great live sport venue. The site is a single bar operation with large screen TV’s, so its an ideal venue for customers to watch Football, Rugby or Cricket and create a great atmosphere. There is also a mezzanine area with forty food covers which offer excellent potential to improve upon the current mixture of Thai and traditional dishes. Externally, there is a secluded patio area which is popular during the warmer weather. The White Hart is located close to large residential areas, so there should be plenty of locals to capture the imagination of and temp into the Pub. We would potentially invest in this site, with the right operator.

Business Information

Annual rent

£15,600

Weekly rent

£300

Entry costs

£13,900

Turnover royalty

n/a

Forecasted Operator Turnover

£363,081

Forecasted Operator Profit (inc machine profit)

£25,539

Forecasted Operator Machine Profit

£10,000

Average Beer & Cider Discount*

£126

Type of Tie

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

Agreement

Flexible Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approx £13,900 which includes fixtures and fittings, stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £3,000.

Deposit

£3,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£4,650

Total Entry Costs

£13,900

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2018/19 260 0 5,912
2017/18 269 1 7,390
2016/17 265 0 6,970

One bar trading area, with mezzanine dining area. Externally there is a secluded patio area and a car park offering fifteen spaces

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

15

Current Premises License Opening Hours

Sun - Wed: 09:00 - 01:00
Thu - Sun: 09:00 - 02:00

The living accommodation is in reasonably good condition.

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

0

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking a quality operator to develop this business, so it is the first choice for customers, looking to watch live sport. With numerous large screen TV’s around this single bar operation, I would expect sport to be the hook to tempt customers into the White Hart again and again, which would then enable you to grow the food offer. If you have a passion for live sport and quality, friendly service, then we want to hear from you

Barrie Aspinall, Business Development Manager

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