Half Moon Charlwood
Half Moon Charlwood
73, The Street, Horley, RH6 0DS Pub Code: 2302020101
Pub Code: 2302020101
Investment TenancyEst. Annual Turnover: £419,264
Annual Rent: £32,000
There is a refurbishment planned to spend in the region of £62,000 to transform the Half Moon into a refreshed premium local with improved kerb appeal, enhanced signage and a warm, traditional interior. What would you do with this pub to make it a success?
About the area
The Half Moon is located in Charlwood, a village known for its unspoilt rural charm, historic buildings and countryside setting close to Gatwick Airport. The pub benefits from a peaceful village location while still being within easy reach of one of the UK’s busiest airports, giving it a strong mix of local and potential passing trade.
There are 981 adults within a 10-minute walk and 1,489 adults within a 20-minute walk of the pub. The Half Moon benefits from being one of only a handful of pubs in the area, with limited local competition. The main competitor is the Charlwood, a larger venue currently trading as a pub and curry house, leaving a clear opportunity for a more traditional village pub offer.
The pub has traditionally traded as a food-led local, with a great outdoor area known for hosting events. Following the refurbishment, the Half Moon will be repositioned to appeal to a broader and more diverse customer base, including families, casual diners, younger professionals and after-work socialisers.
The offer
Half Moon is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the ‘Refurbishment Details’ section for details of the investment being made.
Who we’re looking for
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 Half Moon will have extensive experience in premium local hospitality businesses. They will have a clear vision for the food and drink menu, events, marketing strategy and how to build the pub’s reputation as a traditional village local with strong appeal for families, diners and the surrounding community.
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…
Trading Area & Facilities
The refurbishment of the Half Moon will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- Snug area
- Circa 50 internal covers
- Circa 50 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Private accommodation with 3 bedrooms
- Pub garden
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, 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
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£29,080
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.
What we're planning & why
The Half Moon will undergo a refurbishment in the region of £62,000, covering the pub’s external frontage, signage and internal repairs and decoration. The investment will help bring the pub up to date while retaining the traditional character that makes it such a charming village pub.
What’s happening?
The refurbishment will focus on improving the pub’s kerb appeal and creating a warmer, more inviting customer experience. New external signage and decorations will help the pub stand out from the roadside and signal to the local community that something has changed. Inside, the redecoration will refresh the trading spaces, help the pub’s traditional features ‘pop’ and add warmth through a refreshed colour scheme.
The opportunity here is to create a beautiful, traditional pub that feels welcoming, characterful and well cared for. With around 50 internal covers, around 50 external covers, a snug area, separate dining room, pub garden and catering kitchen, the Half Moon has the foundations to trade as a strong premium local.
The offer should focus on classic pub food and Sunday roasts, supported by a great range of beers, cider and cask. There is also an opportunity to make more of the pub garden and outdoor trading space, particularly for seasonal trade, village gatherings and events.
Why invest?
This investment will help the Half Moon maximise its potential by improving the look and feel of the pub, addressing the areas where it no longer meets modern customer expectations and creating a more attractive offer for locals, diners and visitors to Charlwood. The refurbishment is anticipated to increase turnover by improving the pub’s kerb appeal, refreshing the customer experience and supporting a stronger premium local food and drink offer.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Spotted Ox, Tockwith has recently undergone a similar transformation to what we are planning for Half Moon. To see the result, visit the Spotted Ox website.
Personal Recommendation
"This is a fantastic opportunity to take on a beautifully located village pub and, with the right vision, turn it into a standout destination for both locals and visitors alike."
— Sam Cassell, Investment Manager
Location:
73, The Street, Horley, RH6 0DS
Selected pub
Other pubs
Nearby events
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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