New Inn
Corn Street, Witney, OX28 6AUAgreement Type: Foundation Tenancy
View details for New Inn
Woodman Inn
New Yatt Road, Witney, OX29 6TT
Pub Code: 2303003101
Key Features
- Food Opportunity
- Beer Garden
- Private Accommodation
- Great location
Est Min Ingoing Costs: £9,651
Annual Rent: £13,812
More Information
The Woodman Inn is in Witney, a historic market town on the River Windrush, 12 miles west of Oxford in Oxfordshire. It is one of two pubs that cater for 1500 adults in the local area. There are over a hundred thousand people within the 20 minute drive in the catchment area. This target consumer is looking for a great pub with great food. The current offer is a traditional pub with a good range of cask ale and draft products, complemented with a core range of wines and spirits. There is only a small food offer so a great opportunity to expand this.
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
This golden stone-coloured community mainstream pub could be a superb opportunity for the right operator. The Woodman is a one room pub, currently without a designated dining space yet consumers could enjoy food at any of the 31 covers. A reasonable size kitchen sits just off from the bar has basic equipment to be able to offer a small menu. The pub is in good condition with the required F&F for the pub to trade. There is also an outside space can be utilised to extend the use of the garden. The Woodman has a reasonable sized covered outside space to extend dwell time in the summer season. The pub has limited car parking spaces but lots of locals live within a 10 minute walk.
Private Accommodation
Private accommodation consists of two bedrooms, a bathroom and kitchen.
| Annual Rent | £ 13,812 |
| Estimated Annual Turnover | £ 195,766 |
| Deposit | £ 3,453 |
| Estimated Fixtures & Fittings Value | £ 5,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 16,953 |
| Estimated Minimum Ingoing Costs | £ 9,651 |
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:
New Yatt Road, Witney, OX29 6TT
More properties in this region
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Fox Inn Boars Hill
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View details for Fox Inn Boars HillTo 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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