Pachangas
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 |
