Description and Trading Style
The Chequers is a tavern style pub with large private accommodation in a lovely setting. This is an exceptional market town/large village pub with a good established reputation in the area.
Location and Local Amenities
Watlington is a picturesque market town just off the M40 and placed between Oxford and Henley on Thames. Being in the heart of the Chilterns, the surrounding scenery is breath taking & so many visitors are attracted to the area.
Trade: Two bars, conservatory, kitchen, annexe, living room, cellar, two stores, WC's, car park and trade garden.
Private: Five bedrooms, two bathrooms and two WC's.
Current and Future Markets
The current trade is approx 60/40 in favour of drinks as the pub attracts business from Watlington and the local villages.
We seek applicants with catering experience and some modern interesting menu ideas. As a market town you will need a "mine host" personality to attract the locals for food and drink. Applicants should have or be able to apply for a personal licence.
Circa £12,766 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware, loose goods and training contribution. Fixtures & fittings are circa £14,000 and working capital is circa £3,500.
|Draught Beer and Cider (36 gallon units)||122.20||118.62||138.33||52.44|
|Minerals (10 litres)||183.31||166.96||161.43||35.20|
You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you with calculations, but you need to estimate the food sales.
Post Covid rent will be stepped for new tenants in year one to help build the business - steps to be agreed. Annual rent is £28,000 payable weekly in advance by direct debit. Retail Price Indexation applies to rents.
Five year renewable tenancy agreements with an additional service charge that covers property insurance, servicing of heating and cellar cooling equipment etc. There is a full wet tie unless agreed otherwise.
Rateable valueDraft 2017 rateable value is £17,250. Please contact the local authority for actual rates payable.
Licenses & PermitsSale of alcohol by retail for consumption on and off the premises with late night refreshment.
Permitted hoursMon - Sat: 11am - Midnight; Sun: Noon - 11.30pm
Current Opening Times
Mon -Thur 11am – 3pm & 6pm – 11pm, Fri – Sat 11am – 11pm, Sun 12pm – 3pm & 7pm – 10.30pm. Food times: Mon – Sat 12pm – 2pm, Tues – Sat 7pm – 9pm, Sun 12pm – 2.30pm