Swan Inn Edenbridge
Marlpit Hill, Edenbridge, TN8 6BDAgreement Type: Foundation Tenancy
View details for Swan Inn EdenbridgeRefurbishment Planned
Plough & Furrow Smallfield
Plough Road, Horley, RH6 9JN
Pub Code: 2301450101
Key Features
- Extensive Refurbishment Planned
- Beautiful Village Location
- Fantastic Food Opportunity
- Formal Dining Area
- Beer Garden
- Entertainment
Est Min Ingoing Costs: £69,875
Annual Rent: £49,500
More Information
Major refurbishment planned!
The Plough & Furrow (to be renamed the Five Oaks) will undergo a complete internal redecoration to complement the external decoration and garden, and new name. The pub will have 3 zones, with formal dining area, a bar area and 2x snug areas which allow for 97 internal covers. The trade kitchen will undergo necessary decorations and equipment investment and cellar will receive decoration throughout with the inclusion of smart dispense.
The pub will benefit from a redecoration, with new signage and lighting to enhance to the pubs curb appeal. The pub already has a great beer garden and outdoor space, with enough room for 100 covers.
Beautiful village location
The Five Oaks is located in the village of Smallfield in Surrey. Smallfield is located 2.5miles from Gatwick Airport and the M23 motorway and sits between Oxted & Horley. There are over 800 adults within a ten-minute walk to the pub and 3000 adults within a 20 minute walk time. There is a lot of passing drive traffic to the pub and the local demographics are over 70% high affluence. There are also no other pubs within a 20minute walk time of the Five Oaks.
Fantastic potential
The Five Oaks has the potential to be a truly great premium local. The refurbishment will attract the local demographic into a welcoming modernised pub. There is a big opportunity to drive good quality food with investment in trade kitchen. The large beer garden to the rear of the pub will complement the new interior of the pub. All we’re looking for is the right operator…
TARGET CUSTOMERS
When refurbished, The Five Oaks will appeal to a very broad spectrum of customers, including:
Destination venue for people wanting good quality food.
Local families out for a treat in the evenings and weekends.
Men and women coming for a quiet drink after a long day’s work.
Families to use the garden.
OFFER
When refurbished, The Five Oaks will offer:
Premium drinks range, from Amstel to craft beer offering from Beavertown & Brixton.
A traditional pun food menu done to high standards.
A coffee offer.
Entertainment to attract visitors from further afield such as quizzes and family celebrations.
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 this pub will have extensive experience in hospitality businesses. They will have a clear vision for their offer, marketing strategy, and the ability 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
The Plough & Furrow will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
There is private accommodation at the site.
| Annual Rent | £ 49,500 |
| Estimated Annual Turnover | £ 640,368 |
| Deposit | £ 12,375 |
| Estimated Fixtures & Fittings Value | £ 44,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 69,875 |
| Estimated Minimum Ingoing Costs | £ 69,875 |
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.
Downloads
Location:
Plough Road, Horley, RH6 9JN
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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