Woodman Inn
New Yatt Road, Witney, OX29 6TTAgreement Type: Foundation Tenancy
View details for Woodman Inn
Horse & Groom Banbury
Milcombe, Banbury, OX15 4RS
Pub Code: 2303051101
Key Features
- Great Village Location
- 50 Cover Restaurant
- 4 letting rooms
- Good Demographics
- Outside Patio
Est Min Ingoing Costs: £16,738
Annual Rent: £26,850
More Information
The Horse & Groom is a 17 th Century pub located outside of Banbury in Milcombe next village Bloxham. Milcombe is famous for its village shop.
The pub benefits from the only pub found in an area of around 735 adults. The main customer base is made up of families and employed and retired adults.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub?
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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
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
- One bar operation
- 50 internal covers
- 20 external covers
- Car parking
- Catering kitchen
- Patio garden with picnic tables
Private Accommodation
Private accommodation consists of 2 double bedrooms self-contained flat on ground floor with a patio garden.
| Annual Rent | £ 26,850 |
| Estimated Annual Turnover | £ 433,585 |
| Deposit | £ 6,713 |
| Estimated Fixtures & Fittings Value | £ 17,000 |
| Estimated Stock Valuation | £ 11,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 38,213 |
| Estimated Minimum Ingoing Costs | £ 16,738 |
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.
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:
Milcombe, Banbury, OX15 4RS
More properties in this region
Royal Sun
2 Woodstock Road West, Kidlington, OX5 1RZAgreement Type: Foundation Tenancy
View details for Royal Sun
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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