Willow Tree

14 Durngate Terrace, Winchester, Hampshire, SO23 8QX

A STUNNING WATERSIDE LOCATION

The Willow Tree is a successful, established business on the north eastern edge of Winchester. The site trades as a traditional Tavern with a sales split of approximately 50/50 between wet and dry sales. The garden is something to behold, with its stunning riverside location and beautiful array of trees and shrubs making it a delightful place to relax with a drink or meal. The key to the pubs success has been the excellent food offer and any new operator will need to continue and build upon this. Maximising the garden through the warmer months and ensuring the offer is compelling during the winter will be essential to its future. There are numerous other pubs and restaurants in the town, but the unique location, beautiful flint external wall and smart interior ensure it is a popular choice with the local residents.

Location

Business Information

Annual rent

£35,000

Weekly rent

£673

Entry costs

£41,275

Turnover royalty

n/a

Forecasted Operator Turnover

£427,671

Forecasted Operator Profit (inc machine profit)

£34,494

Forecasted Operator Machine Profit

£0

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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 costs approximately £42,275.00, 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 £20,000 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

£8,750

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£800

Total Entry Costs

£41,275

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)
2019/20 146 0 4,388
2018/19 170 0 5,035
2017/18 149 0 3,930

The Willow Tree is a two bar operation with a public bar which is predominately used by the local drinkers and a separate restaurant area for formal dining offering fifty four food covers. There is also a ground floor trade kitchen and cellar. The restaurant leads out to the attractive patio and garden, located beside the river

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

54

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

0

Current Premises License Opening Hours

Sun-Thu: 11:00-23:20
Fri-Sat: 11:00-00:20

The accommodation is in very good condition and comprises: two double bedrooms, kitchen, lounge, bathroom and office

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 food operator who really knows how to run a seasonal business and sustain a compelling offer during the winter months. The stunning waterside location means the garden is delightful during the warmer months so this will be a key tool to attract new customers to the pub. If you would like to learn more about this established business, then please contact the recruitment team for further information

Rob Ayling, Business Development Manager

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