Are you looking for pubs to let in Witney ? Why not run ‘The New Inn’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The New Inn 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.
Pubs To Let In Witney – The New Inn Is Now Available
The New Inn is located just outside the town centre of Witney. Within a ten-minute walk time there are over 4,000 people that this pub will appeal to. The local demographics have better than average affluence. There are several pubs situated in the town-centre of Witney, however, there are lots of residential properties non town side which people would need to walk past the New Inn to reach the town.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Trading Area & Facilities
A pub business with potential
The New Inn operates as a community favourite. The planned refurbishment will expand upon this with a full internal re-decoration, new fixed seating, new back bar and refinished countertop, zonal flooring with a new tiled apron and re-decoration of male and female toilets. These changes as well as the barn, fabulous garden, and extended pergola, gives the pub the ability to appeal to a broad spectrum of consumers who want to meet friends for a drink or to dine throughout the year. With 50 covers and a function room, this pub has bags of potential. All we are looking for is the right operator.
Target customers: The newly refurbished New Inn will appeal to a broad range of customers in the local area.
The pub has many appealing factors and will attract all ages and groups with its great outdoor garden, quality of food offer and premium drinks selection.
Private Accommodation
Private accommodation at the New Inn consists of 3 bedrooms, a lounge and kitchen. In line with our Ready To Trade promise, we will ensure your property is in good repair so you can focus your energy on your new business.
Premises Licence Details
Please refer to Premises Licence for full details.
New Inn Witney
Annual Rent £
30,500
Estimated Tenants Annual Operating Profit £
39,777
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
490,362
Estimated Annual Barrelage
254* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
29,363
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
7,625
Rent in Advance £
587
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
49,195
Estimated Minimum Ingoing Costs £
49,195
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month’s rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month’s rent will be required for operators trading under a Limited Company with no Guarantors.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,485
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
