Description and Trading Style

The pub should trade well with shoppers on the patio area, lunch time and mid market diners. The pubs most recent offer was Tapas. The building is in excellent decorative order with good fixtures & fittings.

Location and Local Amenities

Situated in the centre of Banbury next to some of the many car parks and its pedestrianised shopping area. JT's is well located on the local drinking circuit in the evenings and at weekends.

Accommodation

Trade: a large main bar, 35 cover restaurant, large trade kitchen, cellar, large patio to the front and 1st floor restaurant (18-20 covers).
Private: 3 double bedrooms, sitting room, large kitchen, bathroom and WC.

Current and Future Markets

We see an opportunity to develop the site, developing the food offer and returning to a more mainstream wet offer. This may include a sports bar offer.

Requirements

We are looking for an experienced high street operator who can develop the pub. With food experience. Applicants must have or be able to apply for a Personal Locence.

Estimated Ingoings

Circa £9,500 to include a security deposit (three months of base rent), rent, service charge and insurance advance, stock, glassware, loose goods, and training deposit. Fixtures & fittings are circa £28,000 plus VAT and working capital is circa £3,687.

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 £29,500 payable weekly in advance
by direct debit. Retail Price Indexation applies to rents.

Terms

Five year tenancy agreement with an additional service charge that covers property insurance, servicing of heating and cellar cooling etc. There is a full wet tie unless agreed otherwise.

Rateable value

Licenses & Permits

Permitted hours