tenancy
Corn Street, Witney OX28 6BT, UK
Approx. Total Ingoings
£13,250Annual Rent
£29,000This is an excellent opportunity for a new Publican to obtain and develop a business in the heart of Witney on a busy road. This pub is well laid out with plenty of character, featuring Cotswold stone walls internally and an open view kitchen overlooking the dining area. It also has a nice courtyard area for casual external drinking and dining. The picturesque town of Witney is 12 miles west of Oxford with good commuter and transport links, creating a strong amount of local trade. The Chequers Inn requires a new or experienced publican who is motivated and has the passion to continue to drive the pub in the right direction, when delivering an unforgettable dining and drink offering.
Private Accommodation: The private accommodation comprises of two bedrooms, a lounge, a kitchen and a domestic kitchen area, all of which is reached by stairs to the rear of the property.
Indoor trading area
The Chequers Inn is operated by a single bar which is situated to the left as you enter the premises. There is capacity to hold seating for around 50 covers with a mixture of loose and fixed seating, that can be arranged how the new publican wishes. The internal areas are decorated with beautiful features such as traditional ceiling beams and exposed brick walls. The trading areas are light and airy, along with a modern Cotswold colour schemes that creates a warm and homely feel to the pub. There is a small commercial kitchen at the back of the pub with a hatch that opens out onto the rear dining area.
Outdoor trading area
To the rear of the pub there is an intimate patio area offering seating for approximately 20 people. This area has the potential to be developed and become a major asset to the business, especially during the warmer summer months.
Regional Manager Comments
The Chequers Inn is a fantastic opportunity for a new or experienced and motivated publican with a passion for great customer service and delivering a quality food and drink offer. I have been successfully working with publicans and developing strong food led offers at unbranded destination businesses for over 20 years. I can help support you grow your business through industry accreditations, knowledge to help you drive sales, food safety standards, menu development feedback and wet sales category management. I am also here to support you across many areas of your business, encouraging and guiding you along the way.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale Restaurant/Food
Approx. Total Ingoings
£13,250
Annual Rent
£29,000
Potential Turnover: £364,000 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: £29,000 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: £13,250 (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: £8,000 (excl VAT)
To be discussed with the Regional Manager.
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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.
