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New Inn Witney
Corn Street, Witney, OX28 6AU
Pub Code: 2302421101
Key Features
- Refurbishment Planned
- Attractive Courtyard
- Food Opportunity
- Affluent Customer Base
Est Min Ingoing Costs: £49,195
Annual Rent: £30,500
More Information
Community focused
The New Inn is located just outside the town centre of Witney. Within a ten-minute walk time there are over 4,000 people that this pub will appeal to. The local demographics have better than average affluence. There are several pubs situated in the town-centre of Witney, however, there are lots of residential properties non town side which people would need to walk past the New Inn to reach the town.
Trading Area & Facilities
A pub business with potential
The New Inn operates as a community favourite. The planned refurbishment will expand upon this with a full internal re-decoration, new fixed seating, new back bar and refinished countertop, zonal flooring with a new tiled apron and re-decoration of male and female toilets. These changes as well as the barn, fabulous garden, and extended pergola, gives the pub the ability to appeal to a broad spectrum of consumers who want to meet friends for a drink or to dine throughout the year. With 50 covers and a function room, this pub has bags of potential. All we are looking for is the right operator.
Target customers: The newly refurbished New Inn will appeal to a broad range of customers in the local area.
The pub has many appealing factors and will attract all ages and groups with its great outdoor garden, quality of food offer and premium drinks selection.
Private Accommodation
Premises Licence Details
Premises Licence Opening Hours
Mon | Tue | Wed | Thu | Fri | Sat | Sun |
---|---|---|---|---|---|---|
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 00:30 |
11:00 - 01:30 |
11:00 - 01:30 |
12:00 - 00:00 |
Annual Rent | £ 30,500 |
Estimated Tenants Annual Operating Profit | £ 39,777 |
Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
Estimated Annual Turnover | £ 490,362 |
Estimated Annual Barrelage | 254 |
** All figures quoted are exclusive of VAT
Ingoing Costs | |
---|---|
Estimated Licensee Fixtures and Fittings Value | £ 29,363 |
Estimated Fixtures and Fittings Valuation Fee | £ 250 |
Estimated Stock Valuation | £ 10,000 |
Deposit Amount | £ 7,625 |
Rent in Advance | £ 587 |
Training Fee | £ 425 |
Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
Premises Licence Fee | £ 180 |
Rates Assessment Fee | £ 55 |
Estimated Legal Fees | £ 650 |
Estimated Total Ingoing Costs | £ 49,195 |
Estimated Minimum Ingoing Costs | £ 49,195 |
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges | |
---|---|
Estimated Annual Building Insurance | £ 1,485 |
Estimated Annual Maintenance Compliance Charge | £ 1,862 |
Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
Estimated Annual Repairs Fund | £ 1300 |
* 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
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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