Venue News

Looking To Run A Pub In Hampshire – The Rydal New Milton – (Investment Lease)

New year, new plans and looking to run a pub in Hampshire? The Rydal New Milton – (Investment Lease) set in an affluent area with a recently refurbished restaurant plus both indoor and outdoor trading areas could be the perfect fit for a hands on publican to expand the business.

Looking To Run A Pub In Hampshire ?

 

Facts And Figures:

The Rydal is a lovely, traditional pub with well-presented décor and attractive furnishings that create a warming ambiance for visitors. It is of brick construction, under a pitched, tiled roof, occupying an excellent and prominent position within the affluent Hampshire town of New Milton. The recently refurbished restaurant is a stunning room with high ceilings, a lovely log burning fireplace and views over the gardens. We are looking for a hands-on publican looking to develop the food-led trade and expand on this established business.

Indoor trading area

On entering the property there is a large bar area immediately in front of you that wraps around to the right. Due to its positioning and size, it is well-appointed to serve all trade areas. The bar is split into two slightly separate area, a public bar and the lounge. The public bar has some seating, standing room for 30 and is more commonly utilised by locals and the pub’s pool and darts teams. Within the lounge there are plenty of wooden bar stools and comfortable sofas next to an open fireplace. From here, guests can easily access the restaurant which is partitioned and accommodates 50 covers. The Rydal has a wonderful function room, equipped with a stage and its own bar servery, capable of holding around 75 people. A fully fitted trade kitchen is conveniently located near to the bar and seating area.

Looking to run a pub in Hampshire – take a look at The Rydal New Milton

Outdoor trading area

There is a delightful beer garden found at the side of the pub, where there are 20 wooden benches offering seating for around 60 guests, and a children’s play area. An enclosed area within the garden and to the front of the pub is used as a smoking solution and for further seating. Another garden area is used primarily by those using the function room. A large gravelled car park to the rear provides space for 40 vehicles.

Your living accommodation

The private accommodation at The Rydal New Milton is situated on the first and second floors and comprises three double bedrooms, a lounge, kitchen, bathroom and WC. The area has been refurbished to a high standard.

Letting Prices – The Rydal New Milton

Potential Turnover

£769,000.00 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: £69,000.00 per annum, payable weekly in advance.

Based on discount scheme PARTNERSHIP BAND E

The proposed agreement: Partnership Investment Lease

(Key terms available online here).

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

24250 (excl VAT)

Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £69,000.00), 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

(excl VAT)

To be discussed with the Regional Manager.

Rateable Value

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

Looking To Run A Pub In Hampshire – To Enquire About This Pub:

Contact The Love Your Pub Team:

Contact number: 01329 552730

Contact email address: info@loveyourpub.co.uk

To view The Rydal New Milton full profile please click on the link below:

https://loveyourpub.co.uk/portfolio/rydal-new-milton/

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T & C’s : Please note any promotion or offer is at the discretion of the outlet & cannot be used in conjunction with any other promotion or offer at that time. Any promotion or offer can be withdrawn by the outlet at anytime.

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