Bell Inn Grimsbury

12 Middleton Road, Banbury OX16 4QJ

  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury
  • Bell Inn Grimsbury

Bell Inn Grimsbury

Popular Pub, Prime Position

Due to receive major investment of £170k from Star Pubs & Bars, the Bell Inn is a welcoming local's pub positioned on a prime roadside location in Banbury. Due to its prime position on a main artery leading into the town centre, the Bell Inn has the ability to attract some fantastic passing trade. Within easy walking distance to the site, there is around six thousand residents, providing ample opportunity to build a loyal, value driven customer base.

The current offer consists of a simple yet tasty food menu and great real ales, served in a friendly atmosphere, at a competitive price. To excel in the Bell Inn, you will need to become the hub of their neighbourhood and create a focal point for locals. The future vision for the pub is to build on this steady trade and offer. As this is a community hub which hosts many regular events, supporting the many and varied interest groups of the community; darts, pool, fund raising, local schools and business networking is key to future success.

Innovative Entrepreneur Needed

As an innovative, business minded entrepreneur, you must deliver compelling reasons for locals to visit the pub. Whilst previous pub experience is desirable, business management skills such as people management, financial management, customer service skills and marketing skills are necessary.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Bell Inn is a two room business with a traditional bar and a comfortable lounge area. A welcoming, traditional pub atmosphere is created in the lounge through the use of warm colours, exposed brick façade around the log burning fireplace and ceiling beams. The bar area hosts the pool table, darts board and games machine, encouraging sports trade.

Outside, the pub has good kerb appeal but enhancements could be made through the addition of hanging baskets. Nestled to the rear of the pub is a newly completed, large, enviable beer garden, complete with contemporary furniture and bistro dining sets.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation at the Bell Inn consists of 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.

Premises Licence Details

Please refer to Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 12:00 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased