Coach & Horses Salisbury

Winchester St, Salisbury SP1 1HG

  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury
  • Coach & Horses Salisbury

Coach & Horses Salisbury

Transformational Works Planned

The subject of a proposed refurbishment, the Coach and Horses is a great local just off the market square of Salisbury in Wiltshire and only five minutes from the main shopping centre. This is a very attractive pub with lots of character and warm ambience with open fires. The pub benefits from great local demographics featuring a high proportion of well off families and retirees.

The outlet reflects the "great pub, great food" pub offer with currently a 50/50 split. The pub can cater for up to 80 covers and boasts a very good catering kitchen. With strong existing trade, the Coach and Horses has a traditional feel with an extensive home cooked menu, offering traditional pub classics.

Experienced and Entrepreneurial Operator Needed!

Overall there is a fantastic opportunity to take the Coach and Horses, from what is already a thriving business, to the next level and really maximise it's trading potential.

Pub Features

  • Function Room
  • Refurbishment Planned
  • Catering Kitchen
  • Long-Term FRI Lease
  • Private Accommodation
  • Monthly Billing

Trading Area & Facilities

Internally, the pub provides a substantial trade area. Downstairs, there is a one bar operation with well-equipped catering kitchen. Upstairs, there is a large function room that can seat up to 50 people.

Externally, this is a very attractive pub with lots of character and excellent kerb appeal. There is a great beer garden with alfresco dining that is popular in the warmer months.

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 at Coach and Horses consists of a good sized three bedroom flat, lounge, en-suite bathroom and kitchen.

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 00:30 08:00 - 00:30 08:00 - 00:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 00:30

Financials

Annual Rent £
42,500
Estimated Annual FMOP (Licensee Profit) £
52,041
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
598,176
Estimated Annual Barrelage
178

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 £
55,870
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
12,438
Rent In Advance £
4,146
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
75,330
Estimated Minimum Ingoing Costs £
35,000

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 £
1,816
Estimated Annual Maintenance Compliance Charge £
1,110
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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