Are you looking to lease a pub in the Cadham area? Why not run ‘The Coach and Horses ’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and ‘The Coach and Horses’ is Now Available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Cadham – The Coach & Horses Is Now Available !
Description
The Coach and Horses is situated just outside Cadnam on the busy Southampton Road. It is currently trading as a rural destination house with a 60/40 split in favour of drink. As you walk into the business the right hand side operates a restaurant with up to 50 covers available and to the left hand side is a more cosy snug area which leads onto a more of a drinking area. The pub has a spacious car park that surrounds a nice patio area which leads onto a garden area and further beyond to a paddock. Stonegate Pub Partners are seeking an experienced publican with knowledge of the local area to take on this stunning pub.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub information
Overview of Coach & Horses
The Coach and Horses is situated just outside Cadnam on the busy Southampton Road. It is currently trading as a rural destination house with a 60/40 split in favour of drink. As you walk into the business the right hand side operates a restaurant with up to 50 covers available and to the left hand side is a more cosy snug area which leads onto a more of a drinking area. The pub has a spacious car park that surrounds a nice patio area which leads onto a garden area and further beyond to a paddock. Stonegate Pub Partners are seeking an experienced publican with knowledge of the local area to take on this stunning pub
Indoor trading area
There is a lovely welcoming ambience here that is complemented by the attractive décor and furnishings. The Coach & Horses maintains many original and traditional features, including exposed beams and a lovely open fireplace. From the main entrance, the restaurant is to the right hand side. With a variety of wooden tables with fitted and loose seating, there is room to accommodate 50 covers. A smaller snug area is found to the left hand side and provides a relaxing space in which to eat and drink. The bar area is popular for social drinks and has 20 covers plus additional bar stools. The Coach & Horses hosts varied live music events fortnightly, which proves popular with visitors. The trade kitchen is well laid out, fully fitted and benefits from separate wash and preparation areas.
Outdoor trading area
To the front of the pub is a patio and decked area where bistro style tables and chairs provide room for 30 covers. This area leads on to an additional 40 covers, provided by wooden picnic benches and is a stunning location for afternoon drinks during the summer months. The car park is split into separate areas with grass borders and accommodates 30 vehicles. There is a paddock which surrounds the car park for about 2 acres, adding to the stunning rural ambiance of this property.
Your living accommodation
There is good-sized private accommodation with private access from the rear of the building, consisting of three-bedrooms, a lounge and a kitchen.
Surrounding area
Cadnam is a small village within Hampshire, near to Southampton and within the boundaries of the stunning New Forest National Park. The village has predominantly residential housing, providing an abundance of potential customers. The busy M27 motorway is nearby and provides excellent connections to neighbouring towns and cities.
Local competition
- Sir John Barleycorn,Old Romsey Road, Southampton, SO40 2NP (0.5 mi)
- Haywain,Southampton Road, Southampton, SO40 2NA (0.5 mi)
- White Hart Cadnem,Old Romsey Road, Southampton, SO40 2NP (0.5 mi)
- Empress Of Blandings,Romsey Road, Southampton, SO40 2PF (1.3 mi)
- Green Dragon,, Lyndhurst, SO43 7HE (1.7 mi)
Potential Turnover
£529,000.00 per annum
This is our estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Guide Rent: £45,000.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND D
The proposed agreement: Retail Partnership Tenancy
(Key terms available online here) however we are prepared to discuss other Partnership agreements.
We will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up
£17,750.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £45,000.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital – the amount will be dependent on your business plan.
Estimated fixtures & fitting value
£20,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value
£29,000
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
For further information regarding the April 2017 revaluation, please visit www.tax.service.gov.uk/view-my-valuation/search
Regional Manager’s thoughts on the Coach & Horses
The Coach & Horses has fantastic facilities and boasts significant scope to develop all aspects of the business. Ideally I am looking for an experienced publican with knowledge of the surrounding area, to really maximise potential here. This is a traditional pub and as the new publican, you should look to create a home from home ambience that is paired with a good home cooked food offering. The pub would suit a couple with the ability to run the business hands on and build upon current trading levels with effective marketing, attention to detail and good old fashioned hospitality.
Robert, Regional Manager
