New Inn Middleton Cheney
45, Main Road, Banbury, OX17 2ND
Pub Code: 2301741101
Key Features
- Stunning village pub
- Large outdoor space
- Car park
- Well established
- Food Opportunity
Est Min Ingoing Costs: £17,542
Annual Rent: £36,500
More Information
The New inn Middleton Cheney is a large village in West Northamptonshire. The village is about 3 miles east of Banbury in Oxfordshire and about 6 miles west-northwest of Brackley. The pub is surrounded by mixed housing.
The pub benefits from being one of two pubs found in an area of around 2300 adults. The main customer base is made up of employed adults over 45.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via selection of pub games, such as pool, and darts, live entertainment and live sports. It offers a selection of cask ales, popular beers, ciders, wines and spirits, and a pub classic menu.
We’re always open to new ideas, what would you do to drive trade?
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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and sports 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
- Main trading area with bar
- Separate dining room
- 42 internal covers
- 100 external covers
- Fully equipped kitchen
- Function room for 60 people
- SmartDispense
- Extensive garden for 80 – 100
- Car park with 20 spaces
- Patio area for up to 40
- 70/30 wet to dry
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom with shower.
| Annual Rent | £ 36,500 |
| Estimated Annual Turnover | £ 601,249 |
| Deposit | £ 9,125 |
| Estimated Fixtures & Fittings Value | £ 10,000 |
| Estimated Stock Valuation | £ 11,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 33,625 |
| Estimated Minimum Ingoing Costs | £ 17,542 |
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:
45, Main Road, Banbury, OX17 2ND
More properties in this region
Five Bells
14 Church Lane, Bugbrooke, Northampton, NN7 3PBAgreement Type: Investment Tenancy
View details for Five Bells
King William
2 Commercial Street, Northampton, NN1 1PJAgreement Type: Foundation Tenancy
View details for King WilliamTo 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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