Chequers

58 Love Lane, Watlington, Oxfordshire, OX49 5RA
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Letting Details

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.

Accommodation

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.

Requirements

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.

Estimated Ingoings

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.

Trade Volumes 2017 2018 2019 2020
Draught Beer and Cider (36 gallon units) 122.20 118.62 138.33 52.44
Packaged (litres) 131.76 148.80 156.80 13.92
Minerals (10 litres) 183.31 166.96 161.43 35.20
Spirits (litres) 132.60 128.85 112.30 26.60
Wines (litres) 2,112.00 1,786.95 2,085.55 504.00

Estimated Turnover

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.

Guide Rent

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.

Terms

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 value

Draft 2017 rateable value is £17,250. Please contact the local authority for actual rates payable.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises with late night refreshment.

Permitted hours

Mon - Sat: 11am - Midnight; Sun: Noon - 11.30pm

Current Offerings

Serves Food
Hold a party 
Average price of main course £12 to £18
Places to Walk
Cask Marque
Garden / Patio
Dog friendly 
Park the car
Wifi access 

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