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Hatchet Inn Sherfield English

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Hatchet Inn Sherfield English

Salisbury Road, Romsey, SO51 6FP Pub Code: 2300764101

Pub Code: 2300764101

Investment Tenancy

Est Min Ingoing Costs: £13,698

Annual Rent: £38,386

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Refurbished destination food pub in Sherfield English. The Hatchet offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.

What would you do with this pub to make it even more of a success?

The area:

The pub benefits from being the only pub within Sherfield English, a small rural hamlet with around 300 residents, and drawing destination trade from nearby Romsey and beyond, as competition is over 20 minutes away.

Sherfield English is surrounded by countryside and attractions including Sherfield English Bowls Club, Lower Test Nature Reserve, Paultons Family Theme Park (home of Peppa Pig World), Mottisfont Abbey and the Sir Harold Hillier Gardens. This makes the pub an attractive stop for families, walkers, and visitors exploring Hampshire.

The offer:

 The Hatchet is available on our investment tenancy agreement. Click here for more information on this agreement.

The refurbishment will deliver a welcoming Premium Local pub with refreshed interiors and an enclosed landscaped garden. The focus will be on a quality food-led offer with a menu of pub classics and daily specials, supported by premium drinks and barista coffee.

We’re always open to new ideas, what would you do to drive trade?

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 Hatchet will have extensive food experience, the ability to deliver excellent hospitality, and the skills to create a reputation as a destination dining venue.

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…

  • Investment Tenancy

  • Refurbishment Planned

  • Catering Kitchen

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

The Hatchet will be undergoing a refurbishment which will cover a full internal scheme including toilets, with external repairs and new garden fencing.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pub’s trading area and facilities post refurbishment will be:

  • Main trading area with bar
  • 60 internal covers
  • Catering kitchen
  • HEINEKEN SmartDispense®
  • Enclosed garden
  • Two self-contained private flats

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

Private accommodation consists of two self-contained flats.

Pub Financials Icon

Estimated Total Ingoing Costs

£32,096


Estimated Minimum Ingoing Costs

£13,698

Annual Rent
£38,386
Estimated Annual Turnover
£495,824
Deposit
£9,596
Estimated Fixtures & Fittings Value
£12,000
Estimated Stock Valuation
£7,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

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.

Location:

Salisbury Road, Romsey, SO51 6FP

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