The Jolly Farmer is a substantial standalone pub on a side road in the affluent village of Warsash heading towards a large holiday park. The pub has been on a lease for many years and needs some refurbishment to maximise its' potential but has traded well in the past and has a loyal following of regular local customers. Internally, the pub is split into two main areas, an adequately sized public bar with space for drinkers and then a large seating area with 70 covers suitable for diners. The pub has four ensuite letting bedrooms which are all in need of some refurbishment to maximise the room rate as they have the scope to be high end boutique style rooms. The well kitted trade kitchen is on the ground floor and capable of providing a substantial level of food. The external trading area is accessed through the restaurant side of the business and comprises a large patio laid out with external furniture and parasols. This leads onto a further grassed area again laid out for external drinking and dining. This area would suit an external structure to make it weatherproof all year round. There is also a car park on both sides of the pub for up to 15 vehicles.
Agreement Fee: £0.00
Cash Float: £2,000.00
Fixtures & Fittings: £30,000.00
Forecast Turnover: £591,788.05
Full Deposit: £7,500.00
Full Tie Release: £43,750.00
Guide Rent: £30,000.00
Initial Deposit: £0.00
Repair Fund: £1,200.00
Stock & Glassware: £5,000.00
Working Capital: £40,500.00
Year 1 Rent: £18,000.00
Forecast Dry Turnover: £232,063.91
Forecast Other Turnover: £2,010.61
Forecast Wet Turnover: £357,713.53
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Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
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Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
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MISREPRESENTATION ACT 1967
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