Old House At Home

92 Priory Road, Gosport, PO12 4LG

Under Offer
  • Old House At Home Gosport
  • Old House At Home Gosport
  • Old House At Home Gosport
  • Old House At Home Gosport
  • Old House At Home Gosport
  • Old House At Home Gosport

Old House At Home

Attractive Locals Haven

Adjacent to Gosport Marina, the Old House At Home is a wonderful, welcoming home from home. Surrounded by residential homes and located on a roadside corner plot on the outskirts of Gosport, this attractive local's favourite also appeals to a wide range of guests from the nearby Caravan Park and marina. The residents within easy walking distance of the pub provide an excellent opportunity to build a lucrative customer base.

Previously, there was a good emphasis on lunchtime and evening dining and this should form part of any future business plan. A selection of fine ales, a range of premium and much loved favourite beers & ciders combined with good wine menu forms part of the future vision for this pub. A coffee and cake offer would entice residents during the quieter day times.

Innovative Operator Wanted

Are you an innovative entrepreneur? Do you have a passion for delicious, wholesome food and great customer service? We are looking for an experienced entrepreneur to take on this much loved local. A robust business plan will be required and you will be required to demonstrate a great marketing plan. The ability to immerse yourself in the local community will be essential.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Private Accommodation

Trading Area & Facilities

In good repair, the pub consists of an open plan layout, with a large dining area and separate bar area. There is a well-equipped catering kitchen on site. A cask ales offer does not exist at present and this element of the trade presents an excellent area for growth. Star Pubs & Bars offers industry leading training in how to deliver an exceptional Cask offering.

Externally, the pub has a great signage and lighting scheme, attracting passing trade. Wooden picnic tables can be found to the rear of the site, attracting custom during summer months.

Private Accommodation

The private accommodation consists of a lounge, kitchen, bathroom and 3 bedrooms. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

For full details, please see the Premises Licence.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 10:00 10:00 - 01:30 10:00 - 01:30

Financials

Annual Rent £
16,500
Estimated Annual FMOP (Licensee Profit) £
18,024
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
194,984
Estimated Annual Barrelage
121

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
2,533
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,500
Deposit Amount £
4,125
Rent In Advance £
317
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
13,660
Estimated Minimum Ingoing Costs £
11,060

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,689
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased