Pachangas – Currently Closed

30 Duke Street

Description and Trading Style

Pachangas is a Mexican restaurant and cocktail bar used by tourists, shoppers and locals, comprising a large bar, seating area and a heated patio area.

Location and Local Amenities

Situated at the junction of Duke Street and Greys Road, Pachangas enjoys lots of passing trade and is a prime spot for those entering the town. About 10 miles from the M4 & M40, Henley is a pretty, affluent & well serviced town with good commuter links.

Accommodation

Trade: Large bar, commercial kitchen, cellar, basement, WC’s, storage and heated patio
Private: 2 bedrooms, bathroom/shower room, large kitchen, sitting room, attic.

Current and Future Markets

The current trade pulls from a wide area plus the locals and tourists who visit the area in the summer. There is scope to develop a strong retail offer.

Requirements

Ideal candidates would have experience in the pub/restaurant/bar industry who can maintain its position as a more mainstream venue. Applicants must have or be able to apply for a personal licence.

Estimated Ingoings

Depending on the planned development/investment, these will vary and include a security deposit (3 months of base rent), rent , service charge and insurance advance, stock, glassware, loose goods and training contribution. Fixtures & fittings and working capital, will be dependent on the concept.

Estimated Turnover

You will need to estimate the turnover you expect from the pub. The current barrelage is given to assist you, but will be dependent on the style of business and food sales will need to be based on the plans.

Guide Rent

The current rent is £35,000 per annum, and future rent will be subject to investment and type of agreement. We are willing to negotiate on a range of agreement types.

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 2023 figure £26,400. 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, film exhibition, live music and dancing.

Permitted hours

Mon – Weds: 11am – 00.30 Thurs: 11am – 01.30 Fri & Sat: 11am – 02.30 Sun: 11am – 23.30:

Trade Volumes (Free of Tie)

2019

2020 Covid

2021 Covid

2022

To 23.8.23

Draught Beere & Cider (36 gal untits) 17.72 11.30 14.97 22.06 13.99
Packaged (litres) FOT Mexican bottle beers 134 110 47 237.60 71.28
Minerals (10 litres) FOT FOT FOT FOT FOT
Spirits (litres) FOT FOT FOT FOT FOT
Wines (litres) 904 634 547 1,024.85 576.60