Golden Ball

Lower Assendon

Description and Trading Style

A restaurant serving high quality Modern British food in a fresh, modern and cosy environment. Lunch, afternoon tea, dinner and Sunday lunches are well attended by locals and destination diners.

Location and Local Amenities

The Golden Ball is just over a mile from central Henley at the start of the Stonor Valley road. Just off the A4130 from Henley to Nettlebed. Nearby Henley has good shops, schools and facilities.

Accommodation

Trade: Bar area, three restaurant areas, approx. 60 covers, WC’s, well equipped kitchen with walk in fridge, dry stores, cellar. Gravel car park for approx. 40 cars and large garden approx. 70 covers. Private: office, living room, two double bedrooms and bathroom.

Current and Future Markets

The pub has been run successfully as a restaurant since 2008 achieving Michelin Guide recommended status for 10 years. The opportunity for a new operator is to maintain and expand the business.

Requirements

We seek operators with high standards and a strong background in food coupled with the ability to operate a quality village operation in an affluent local community. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Circa £17,000 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 £35,000 (EXCL Vat) and working capital is circa £5,000.

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

£39,000 per annum payable weekly in advance by direct debit. Retail Price Indexation applies to rents.

Terms

Five year 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 £36,500. 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, live and recorded music.

Permitted hours

Mon – Thurs: 11.00am - 23.30; Fri & Sat: 11.00am – 00.30am; Sun: Noon - 23.30

Trade Volumes

2018

2019

Covid 2020

Covid 2021

To 25.5.22

Draught Beer & Cider (36 gallon units) 21.69 16.72 6.03 7.93 3.10
Packaged (litres) 100 475 581 233.48 172
Mineral (10 litres) 409 344 128 139 49.60
Spirits (litres) 84.30 51.15 19.60 45.60 5.60
Wines (litres) 3,626 2,991 1,537.13 1,549.75 708.38