Gallery View
Key Highlights
- Attractive roadside pub in picturesque Oxfordshire village
- Large 70 cover restaurant area which can also be used as a function facility
- Cosy bar area with a real open fire
- Low rateable value and stepped rent starting at £20k Y1
- Payment plan available for fixtures and fittings
Pub Overview
Nestled in the quintessentially 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, 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.
A two-storey building with porch and bay windows at the front. The interior has a bar area with open fire and comfortable seating and a lower restaurant area with approximately 70 covers. There is a large catering kitchen with a walk-in fridge and freezer and ample storage.
Externally to the front of the pub there are benches and a public car park opposite.
The private accommodation comprises three good sized bedrooms, living room and bathroom all in very good condition.
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 |
£25,000 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business (as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors) |
£10,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£450 |
|
Working Capital Minimum working capital required |
£8,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£4,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) - negotiable |
£2,000 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£25,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£3,573 pa |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£2,371 pa |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,302 pa |
|
Rent In the region of (payable monthly in advance) |
£20,000 Y1 |
