Biddestone Arms

The Green, Chippenham SN14 7DG

  • Biddestone Arms Chippenham
  • Biddestone Arms Chippenham
  • Biddestone Arms Chippenham
  • Biddestone Arms Chippenham
  • Biddestone Arms Chippenham

Biddestone Arms

Desirable, Destination Outlet

Earmarked for a major investment of £294k and positioned a short walk from the village green, the Biddestone Arms is a pretty pub well supported by the many activities and events in the community it serves. A small village that lies about three miles west of Chippenham and 10 miles to the north-east of Bath, Biddestone offers plenty of potential to market the pub to attract passing traffic.

The pub is a Cask Marque accredited, food-led pub and currently serves good, restaurant-quality food and is famous for its award-winning pies, a Sunday carvery, quality wines and real ale.

Our vision for this site is to create a more premium pub experience with a more accessible menu of classic pub dishes, plus a higher price point specials board. Implementing a strong food & drink focused rhythm of the week will also give people a reason to visit during the week and see it as a casual dining experience, rather than one for occasions only.

Food Orientated Entrepreneur Wanted

The ideal operator at the Biddestone Arms must have a good deal of experience in quality home-made food and running a busy food operation. You'll ideally be from the local area or at least have good knowledge of this part of the world.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, a trendy, quality customer space will be created for diners and guests. Zoned eating and drinking areas will ensure a warm and welcoming experience. It's an open plan trading operation, with the main bar area and restaurant space offering 80 covers. The trade kitchen is well-equipped.

Externally, a new stylish lighting and signage scheme will attract passing trade and make the site more visible. To the rear of the pub, a good-sized beer garden offers seating for about 40 customers. There's a 12-space car park and WiFi is available throughout.

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

The private accommodation consists of three bedrooms, a kitchen and a lounge. In line with our Ready To Trade promise, we will ensure your accommodation in is good order so that you can focus on setting up your business up.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 12:00 - 23:30

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 £
102,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
11,500
Rent In Advance £
885
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
62,023
Estimated Minimum Ingoing Costs £
60,000

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