King William IV

Hailey, Ipsden, Wallingford, Oxfordshire, OX10 6AD
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Letting Details

Description and Trading Style

A stable and thriving business that has been growing consistently. This pub benefits greatly in the summer with the extensive beer garden and fantastic views.

Location and Local Amenities

The King William is situated at the top end of the village in the hamlet of Hailey. Hailey is between the Henley on Thames to Wallingford road A4130 and the Wallingford to Reading road A4074.

Accommodation

Trade: Open plan, one bar, three restaurant areas (approx 60 covers), kitchen, cellar and WC’s. Large beer garden, outside BBQ , (approx 60-70 covers) plus wonderful views over the countryside.
Private: 3 bedrooms, living room and bathroom plus a converted garage currently used a one bedroom and shower area.

Current and Future Markets

This pub represents a real opportunity for experienced food operators with upfront personalities to continue building the winter trade. And to enhance the current summer business.

Requirements

Experienced food operators who can service the local village population and attract destination customers throughout the year.
Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £17,500 to include a security deposit (3 months of base rent), rent, service charge and insurance advance, stock, glassware and loose goods, training contribution. Fixtures & fittings are circa £17,500 (excl Vat) and working capital is circa £5,000.

Trade Volumes 2018 2019 2020 Covid To 17.11.21 Covid
Draught Beer and Cider (36 gallon units) 66.00 64.67 36.83 41.18
Packaged (litres) 238.00 261.36 168.96 211.20
Minerals (10 litres) 291.00 185.18 124.42 147.34
Spirits (litres) 99.00 133.00 47.70 37.80
Wines (litres) 2,127.00 2,106.00 1,227.15 1,029.60

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

£40,000 per annum 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 figure £37,500. Please contact the local authority to find out actual rates payable.

Licenses & Permits

Sale of alcohol by retail for consumption on and off the premises.

Permitted hours

Mon - Sat: 11.00-Midnight, Sun: 12 noon-23.30pm.

Current Offerings

Serves Food
Places to Walk
Cask Marque
Garden / Patio
Family friendly
Sports free zone 
Disabled access 
Dog friendly 
Park the car

Current Opening Times

OPENING TIMES

Mon- 12pm – 3pm

Tues – Fri – 12pm – 3pm & 6pm – 10pm

Sat 12pm – 4pm & 6pm – 10pm

Sun/Bank Holidays–  12pm – 4pm

Food times: Mon 12pm – 2pm; Tue-Fri 12pm – 2pm & 6pm-9pm

Sat 12pm – 2.30pm & 6pm-9pm

Sun – 12pm – 3pm; Bank Holidays 12pm – 2.30pm

Sat, Sun and Bank Holidays opening time will be extended in Summer