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Location

Witney, Oxfordshire | United Kingdom

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Job description

Pub Overview

Community focused

The New Inn is located just outside the town centre of Witney. Within a ten-minute walk time there are over 4,000 people that this pub will appeal to. The local demographics have better than average affluence. There are several pubs situated in the town-centre of Witney, however, there are lots of residential properties non town side which people would need to walk past the New Inn to reach the town.

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter…

Features

• Catering Kitchen
  
• Investment Tenancy
  
• Outdoor Trade
  
• Private Accommodation
  
• Refurbishment Planned
  

Trading Area & Facilities

A pub business with potential

The New Inn operates as a community favourite. The planned refurbishment will expand upon this with a full internal re-decoration, new fixed seating, new back bar and refinished countertop, zonal flooring with a new tiled apron and re-decoration of male and female toilets. These changes as well as the barn, fabulous garden, and extended pergola, gives the pub the ability to appeal to a broad spectrum of consumers who want to meet friends for a drink or to dine throughout the year. With 50 covers and a function room, this pub has bags of potential. All we are looking for is the right operator.

Target customers: The newly refurbished New Inn will appeal to a broad range of customers in the local area. The pub has many appealing factors and will attract all ages and groups with its great outdoor garden, quality of food offer and premium drinks selection.

Private Accommodation

Private accommodation at the New Inn consists of 3 bedrooms, a lounge and kitchen. In line with our Ready To Trade promise, we will ensure your property is in good repair so you can focus your energy on your new business.

Pub Financials

Annual Rent £
30,504
Estimated Annual Turnover £
481,467
Deposit £
7,626
Estimated Fixtures & Fittings Value £
40,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
61,126
Estimated Minimum Ingoing Costs £
61,126

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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Job tags

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Salary