Description and Trading Style
The Cross Keys is a locals style pub which has a good reputation and well established wet trade. Known for excellent charity fundraising activity, the Cross Keys is prominent in the local community. There is a darts team and a pool table.
Location and Local Amenities
The Cross Keys is located at the end of Wallingford High Street, about 500 meters from the town centre. Wallingford is an attractive medieval Thameside town steeped in history with a ruined castle, rowing clubs and good local amenities. The town is within easy reach of Oxford & Reading.
Trade: One central bar serving 4 rooms with original features, a wood burning stove, WC's, kitchen (domestic), cellar & stores, large car park, large garden and decked area.
Private: 3 double bedrooms, sitting room and bathroom.
Current and Future Markets
The current trade is wet led with good volumes. There is real potential here for an experienced team with upfront personalities to continue to develop this pub. Opportunity to develop a small food operation.
We seek mine host experienced community operators or a couple with a background in running locals style pubs. Applicants must have or be able to apply for a personal licence.
Circa £8,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware, loose goods and training deposit. Fixtures & fittings circa £8,000 and working capital £3,000.
|Trading Volumes||2015||2016||2017 (closed 16.6.17)||Opened 21.3.18 - 31.12.18|
|Draught Beer and Cider (36 gallon units)||165.08||121.86||34.14||51.27|
|Minerals (10 litres)||185.32||132.06||14.07||29.94|
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.
Steps up to a headline rent of £12,000 per annum payable fortnightly 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.
Rateable valueDraft 2017 figure £15,000. Please contact the local authority to confirm actual rates payable of £7,200.
Licenses & PermitsSale of alcohol by retail for consumption on and off the premises, live & recorded music and dancing.
Permitted hoursMon - Sun: 11.00am - 00.30am
Current Opening Times
Mon- Thur 1pm-12am, Fri – Sun 12pm – 12am