Punch Bowl

Market Place, Abingdon, Oxfordshire, OX14 3HG

Gallery

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Pub overview

Warm and welcoming traditional local pub in busy town centre

The Punch Bowl is a 'proper' local pub situated in the busy town centre of Abingdon in the historic marketplace directly opposite the stunning County Hall. The pub has a warm and welcoming feel, with a consistent wet trade enjoyed by the many regulars that frequent this place. There are 2 bars, the main bar greeting you as you enter, and the second offering more peace and quiet with low beams and a relaxed seating area. As one of the oldest buildings in Abingdon the pub has a great sense of history, and creates the perfect environment to escape the hustle and bustle outside, and enjoy a decent pint in a proper 'no thrills' friendly local. With such a consistently strong wet trade and having been very well looked after, this is a great opportunity for someone to inherit a great business that should continue to thrive.

Split into 2 bars, the first greeting you as you enter, with casual lounge style seating stretching around the outside, and the second lounge bar offering a more relaxed area seating approx. 17 people.

Trade space
Bars 2
Dining rooms 1
Food covers40
Trade kitchens 1

Large accommodation consisting of 4 bedrooms, 1 living room, a private kitchen and bathroom. The accommodation is in good condition throughout.

Private space
Private Rooms7
Lounge1
Double bedrooms4
Private Kitchen1
Bathrooms1

Rent information

Annual rent£33,000 per annum
Weekly rent£634.62 per week fixed
Notes

£33,000 per annum, £634.62 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £26,475 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 (25% of head rent, minimum £6,000).

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£13,000Working capital£5,000
Other costs£800Total entry cost£26,450

Agreement description

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

•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/18263282,535
2016/173171,0814,010
2015/163341,5044,661
Volume notes

Location

Abingdon is a bustling market town on the outskirts of Oxford with a growing population of around 33,000. With a strong cultural history, and being just 5 miles south of Oxford, the town has undergone much recent development and continues to flourish as a popular place to live with a great selection of local schools and historic attractions.

Facilities

Trade bar
Dining area
Trade kitchen

Current premises licence opening hours

Mon to Sun 10:00 - 01:30

Contact Us

Wayne Farrell

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ This pub represents a fantastic opportunity for someone to build on an already well established business. Currently the pub benefits from a very strong wet trade, and the opportunity exists to introduce a food offering, to grow the business even further. Given the strong local following it would suit an operator who realises the importance of maintaining a great local's pub for the benefit of the community. ”