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Let A Pub In Netley Marsh – Run The White Horse !
The White Horse is located in a greatly populated residential area with plenty of local amenities, on the A336 Ringwood Road between Totton and Cadnam on the outskirts of New Forest. It is a busy through road for local commuters avoiding the busy dual carriageways leading into Southampton and Ringwood which are approximately seven miles away. Totton Station is the nearest railway, and the closest bus stop to The White Horse is just 200 metres away. The pub is opposite Netley Marsh C of E primary school and within a mile of the M27 which runs east to west along the south coast.
The property is split between a restaurant and a bar operation. The L-shaped bar complements the layout of the internal trade area, at the top of the L is the restaurant. The restaurant consists of up to 40 covers with the bar area occupying the remainder of the property that is currently set up as a community-driven area. To enhance the community aspect there is space for darts, a pool table and an AWP. The premises licence currently permits the operation of live entertainment. This is a traditional-style pub with a beamed interior, a mixture of stone and wooden flooring, and wooden tables and chairs. The property boasts a main road-facing patio which has up to 30 covers available and spans the side perimeter with the provision of bench seating, and tables and chairs. A smaller area to the side of the property can accommodate 12 covers.
Private Accomodation
The private accommodation is well contained with two double bedrooms, a bathroom, lounge and a galley kitchen. There is a private entrance to the accommodation which makes this a perfect home for a family.
Stock & Glassware: £4,000.00
Cash Float: £1,000.00
Forecast Wet Turnover: £360,794.77
Forecast Dry Turnover: £120,272.26
Forecast Other Turnover: £0.00
Forecast Turnover: £481,067.03
Year 1 Rent: £25,000.00
Guide Rent: £42,000.00
Initial Deposit: £0.00
Full Deposit: £10,500.00
Full Tie Release: £44,250.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £28,000.00
Working Capital: £20,000.00
An opportunity has arisen for an experienced publican or new starter to continue to drive forward this community business property popular for food. Food is of course a large driver of trade and should continue to do so. In the surrounding area competitors are both value and premium operations therefore the new publican should pitch the offer accordingly to differentiate. This is a fantastic venue, perfect for a drink, lunch, or dinner amongst friends.
