Plough Inn Horsell
Plough Inn Horsell
Cheapside, Woking, GU21 4JL Pub Code: 2302011101
Pub Code: 2302011101
Investment TenancyEst. Annual Turnover: £317,715
Annual Rent: £22,505
A refurbishment in the region of £107,000 is planned for the Plough Horsell, transforming it into a warm, cosy premium local pub with a strong food, drink and sports offer.
What would you do with this pub to make it a success?
About the area
The Plough is located in the beautiful Surrey village of Horsell, less than a mile from Woking town centre. Around 1,842 adults live within walking distance of the pub, giving it a strong local catchment, while there are no competing pubs within a 10-minute walk.
The pub currently attracts a loyal but more mature customer base, with an opportunity to broaden its appeal. Following the refurbishment, the Plough will be repositioned as a welcoming premium local, particularly appealing to families and casual diners looking for quality food and drink in a relaxed setting.
The refreshed interiors, cosy fires, new snug, improved garden and introduction of Sky Sports will give local customers more reasons to visit throughout the week, helping the Plough rebuild its reputation at the heart of the local community.
The offer
The Plough Horsell 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
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers.
The Plough could make an excellent first pub for an operator who is ready to develop their skills and establish a welcoming premium local. An understanding of how to create a great community pub experience will be key, with opportunities to develop its traditional food and drink offer, introduce regular events and make the most of the new sports offer.
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 Plough will cover both 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
- New snug area
- 57 internal covers
- 70 external covers
- Catering kitchen
- Pub garden
- Large car park
- Private accommodation, with bedroom numbers to be confirmed
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
£27,126
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
An estimated £107,000 investment will transform the Plough inside and out, refreshing the pub’s appearance and creating a warm, cosy environment designed around relaxed, low-tempo occasions.
The project will include a full external refurbishment and new signage, internal redecoration, the creation of a new snug and changes to the conservatory to open up the garden. The private accommodation will also form part of the refurbishment.
What’s happening?
Externally, the Plough will receive a full refurbishment, including new signage, improving its kerb appeal and creating a much stronger first impression for customers.
Inside, the pub will be redecorated to create the feel of a warm, cosy country pub. A new snug will replace the existing games area, providing another welcoming space for customers to relax and socialise.
The conservatory will be removed to open up the garden and make better use of the pub’s outdoor space, helping the Plough capitalise on seasonal trade and its 70 external covers.
The offer will centre around traditional, high-quality local pub food alongside a varied drinks range including lager, craft and cask. Bean-to-cup coffee will help support daytime occasions, while a programme of events such as quizzes and live music can provide additional reasons to visit.
Sky Sports will also be introduced, adding another dimension to the pub’s offer and creating opportunities to attract customers for key sporting occasions. There is scope for the new operator to bring their own ideas to the entertainment programme and build an offer that works for the local community.
Why invest?
The refurbishment presents an opportunity to give the Plough a new sparkle and rebuild its reputation within the local community. By addressing its dated design, improving its kerb appeal, making better use of the garden and creating a warmer premium environment inside, the investment will give customers more reasons to visit and stay for longer.
Combined with a quality food and drink offer, sports and regular events, the transformed Plough is expected to increase turnover to approximately £6,110 per week.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Personal Recommendation
"This is a small pub and an opportunity to give it a real sparkle. It would make an excellent first pub for an inexperienced operator looking to build their skills in the market. With strong local demographics and a beautiful Surrey location, this is a great opportunity to establish the Plough as a cosy premium local for relaxed occasions."
— Alexander Jackson, Investment Manager
Location:
Cheapside, Woking, GU21 4JL
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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download