Description and Trading Style
This wet led pub is filled with regulars most nights, it is at the heart of village life - customers are a good mix of local workers and commuters. There are darts, cribbage, football teams and council meetings and lots of quiz nights for charities held in the pub. Sky sports is very popular, showing football, rugby, cricket, darts etc. There is a pizza offer in the summer.
Location and Local Amenities
Twyford is a village of 6,500 residents and businesses. Customers mainly come from Twyford itself, Charvil and Ruscombe. Twyford is on the mainline to Paddington (crossrail expected 2017) and equidistant from Maidenhead, Henley on Thames, Reading, Wokingham and there is very easy access to the M4 and M40.
Trade: Two bars, one much larger and busier (70 covers). TV screens for sport in five areas of the pub. Cellar, kitchen with commercial extract but minimal kitchen equipment, ladies and gents WC's (recently refurbished). Terrace to the rear (60 covers), large beer garden (40 covers but could be more with additional seating) and children's play equipment (recently replaced).
Private: sitting room, bathroom, 3 double bedrooms, office, loft room and domestic kitchen area, not fully equipped.
Current and Future Markets
This pub has been run well for 4 years, the opportunity is to continue to run it in the same way whilst considering improving the food aspect of the business, particularly in the summer.
We seek an experienced couple or those who are new to running a pub, applicants must become part of the local community. Applicants must have or be able to apply for personal licence.
Circa £13,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware and loose goods, training deposit. Fixtures & fittings are circa £10,000 and working capital is circa £4,125.
|Trading Volume||2017||2018||2019||To 31.3.20|
|Draught Beer (36 Gallon units)||311.16||339.03||268.72||38.73|
|Minerals (10 litres)||226.56||203.72||204.74||21.19|
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 £33,000 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 figure £33,000. Please contact the local authority to find out actual rates payable.
Licenses & PermitsSale of alcohol by retail for consumption on and off the premises.
Permitted hoursMon - Sat: 10.00am - 12.00 Midnight, Sun: 12.00 Noon - 11.00pm
Current Opening Times
Mon – Thur 12pm – 11pm, Fri – Sat 12pm – 12am, Sun 12pm – 11pm
Food times: Mon – Sat 12pm – 9pm Sun 12 pm – 7pm