The Hand and Shears, Witney - Under Offer

The Hand and Shears, Witney - Under Offer

  • The Hand and Shears, Witney - Under Offer gallery image
  • The Hand and Shears, Witney - Under Offer gallery image
  • The Hand and Shears, Witney - Under Offer gallery image
  • The Hand and Shears, Witney - Under Offer gallery image
  • The Hand and Shears, Witney - Under Offer gallery image
  • The Hand and Shears, Witney - Under Offer gallery image
Gallery View

Key Highlights

• Traditional Cotswold Stone pub in the heart of an picturesque Oxfordshire village
• Cosy bar area with a beautiful open fire
• Site is exempt from business rates
• Profit potential in the region of £30000 per year
• Payment plan available for fixtures and fittings

 

Pub Overview

Nestled in the quintessential English village of Church Hanborough, the Hand and Shears embodies all the cosy attraction of a traditional country pub. A short stroll from its neighbouring villages, the site also benefits from easy access for residents of Oxford, Witney and traffic en route to Cheltenham. First-time visitors and local regulars alike love the pub for its delicious homemade food, and with seating for up to 70 covers in its light and airy restaurant, switched-on operators will recognise the site’s serious earning potential. The Cotswold Stone exterior combines with the enchanting open log fire inside to offer discerning drinkers an irresistible space in which to enjoy a glass of fine wine or cask ale by the bar.

The Hand and Shears is currently awaiting its new Energy Performance Certificate

Suitable Applicants

Operators with solid catering experience, a passion for great food and strong front-of-house skills will thrive in the Hand and Shears. Sufficient marketing know-how to spread the word about all the pub has to offer – in particular its superb restaurant / function room - will see this already popular site gain repeat visits from customers both local and based further afield.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. £21,417
Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement. £6,000
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. £4,000
Valuers Fees In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required £800
Training Course Fees   Per person (payable to Wells & Co. Ltd) 5 day  induction course mandatory for all licensees – NB £800 for two people £550
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement £400
Advance Rent In the region of (usually 1 month)  £1,667
Working Capital Minimum working capital required £8,000
Fixtures and Fittings  Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment.  £25,000

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) £2,148pa
Accountancy Services fees for a nominated accountant £2,600pa
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum £1,600pa
Rent In the region of (payable monthly in advance) £20,000pa
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Church Hanborough, Witney, OX29 8AB
Total Investment 20k - 30k
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team