tenancy
Arborfield Cross, Reading RG2 9QD, UK
Approx. Total Ingoings
£33,500Annual Rent
£50,000The Bull is beautiful old food driven pub in the village of Aborfield, located near just four and a half miles from Berkshire, Reading. The pub has an excellent reputation with the local residents and those passing through for its excellent pub food offer. Internally the pub offers an open plan trading area with over 80 covers and an extensive beer garden with further seating which could be used to host markets, private functions and events. Stonegate Pub Partners are now seeking an experienced publican who has a passion to run a food led business and can take this pub to the next level. A publican willing to integrate with the local community to maintain trade would also be a requirement.
Private Accommodation: The private accommodation is in good condition and comprises of three bedrooms and two en-suite bathrooms. There is no private kitchen however the main commercial kitchen can be used.
Indoor trading area
The pub offers an open plan trading area with a central bar servery and plenty of seating throughout the pub for dining. There are around 80 covers, smartly presented seating in a traditionally decorated pub. The pub has exposed brick and wooden beams throughout creating a comfortable and cosy environment to enjoy proper pub food. There is a well-equipped catering kitchen for the publican to utilise to continue the offer of a strong pub food menu.
Outdoor trading area
There is an extensive beer garden located to the rear of the pub, is partially patioed and partly grass. There are several picnic benches, some of which are partially covered allowing guests to enjoy food and drinks alfresco. The outdoor space could also be used to host private functions, events and markets with the space available to draw in additional revenue. There is the addition of a large car park for customers to use with space for over 25 vehicles.
Regional Manager Comments
The Bull is a lovely village pub situated in Aborfield, which benefits well from the local residents and those visiting the area for the local attractions. The pub is popular for the fantastic pub food and refreshing drinks, something the new publican should look to continue. I am now seeking an experienced food operator with a passion to run a food led business.
Retail Partnership Tenancy
Beer Garden Private Accommodation Cask Ale
Approx. Total Ingoings
£33,500
Annual Rent
£50,000
Potential Turnover: £591,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Guide Rent: £50,000 per annum, payable weekly in advance.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £33,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £5,700 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
