The Dolphin, Middleton Cheney

The Dolphin, Middleton Cheney

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Key Highlights

  • Established, profitable business with loyal customer base. Site has had two licensees in 31 years
  • Attractive garden to front of pub
  • Traditional, characterful pub with low ceilings and separate trading areas
  • Low rateable value meaning site is exempt from business rates
  • Payment plan available for fixtures and fittings

Pub Overview

With a consistently strong level of trade already established by the previous long-term operator, The Dolphin presents an enticing opportunity to take on a popular community-focused local pub. Located in the heart of the village of Middleton Cheney, within easy reach of Banbury’s sizeable population, this large 1717-built ironstone pub forms a key part of the area’s local social scene, has a strong following for TV sport and team games and a reputation for hosting regular charity events. An economical business to run – its low rateable value means the site is exempt from business rates – The Dolphin presents a seriously profitable opportunity for the right operator. 

Suitable Applicants

The Dolphin would suit operators committed to providing great hospitality, with a desire to engage with their local community, enhance the pub’s food offer and build upon its already strong reputation for live sports and community activity. Financial know-how is required to maximise the pub’s profit potential, as is marketing experience in order to promote The Dolphin’s events programme to the wider area.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

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

Security Deposit in the region of
(paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company

£6,000

 

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. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid.

TBC

Stock and Glassware in the region of
(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.

£4,500

Valuers Fees in the region of
(paid to valuer) for valuing fixtures and fittings.

£800

Training Course Fees per person
(payable to Wells & Co. Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

£500

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)   

£TBC

Minimum Working Capital Required 

£10000

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£22,200

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£20,000

Service Charge in the region of
Payable `onthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£1,879 pa

Accountancy Services in the region of
fees for a nominated accountant

£2,600 pa

Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum

£1,560 pa

Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

134 Main Road, Middleton Cheney, Oxfordshire, OX17 2PW
Community local
Total Investment 20k - 30k
Potential Partner Profit 20k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team