Choughs

8 High Street, Chard TA20 1QF

  • Choughs Chard
  • Choughs Chard
  • Choughs Chard
  • Choughs Chard
  • Choughs Chard
  • Choughs Chard
  • Choughs Chard

Choughs

Charming Listed Pub

A beautiful listed building, Choughs promises a really special customer experience. Occupying a prime High Street location, this versatile site could easily become the 'go-to' location for lunch and dinner. Chard lies in south Somerset, close to Devon and Dorset and with a population of around 13,000, it's one of the largest towns in the area. A combination of trade from locals, trade from the plenty of people from outlying villages who gravitate towards Chard in the evening and at weekends and planned investment for the town thanks to a regeneration scheme, makes the pub a lucrative option.

There's plenty of scope for growth at the Choughs. This chameleon pub should change the offer and appeal throughout the day, attracting shoppers in the afternoon and mixed drinking groups later on. At present there's no real food offer, which provides ample opportunity to increase revenue with the introduction of an enviable menu.

Experienced Town Centre Operator Wanted

Do you have a clear concept for this pub? A focus should be placed on value, with affordable and tasty food along with an enticing drinks menu. The site's high-street location means you'll need to have your finger on the pulse to keep up with food and drinks trends. Experience in business management and catering is essential.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Recent investment has improved the trading area, ensuring a more enjoyable guest experience. The open-plan trading area features plenty of heritage touches such as a log burner and exposed stone-work. There's a public bar and a more relaxed lounge area, along with pool table, a darts throw, and a skittle alley that also doubles as a function room with its own private bar. There's a catering kitchen to allow for the creation of a tasty menu and the pub also offers WiFi and Sky Sports.

Outside, there's a decked area where guests can enjoy a relaxing, cold drink, along with a large garden with children play equipment which is rare in this part of town and should definitely be heavily promoted. The Choughs offers parking for six vehicles.

Private Accommodation

The private accommodation consists of a lounge, kitchen, bathroom and three bedrooms. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00 00:00 - 00:00

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 £
2,885
Estimated Annual Maintenance Compliance Charge £
0
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