The Dolphin, Banbury
Pub Details
134 Main Road, Middleton Cheyney, Banbury, OX17 2PW
Community Pub
Ingoing Costs: £21,200
About the Pub
The Dolphin is an excellent opportunity to take on a popular community focused pub, located in the heart of the village within easy reach of Banbury’s sizeable population. The pub is a 1717 built ironstone property which forms a key part of the areas local scene and has a strong following for TV sport and team games also hosting regular events, bands and quizzes. The pub is wet led but there is an opportunity to grow a small food offer.
Key Highlights
Traditional grade II listed pub with lots of character
Awaiting planning for improved kerb appeal and refurbishment
Roadside location with gardens and seating to the front
Exempt from business rates
Payment plan available for fixtures and fittings
Suitable Applicants
The Dolphin would suit operators committed to providing great hospitality with a desire to engage with the local community, enhance the food offer, and build on the already strong reputation for live sports. Experience in marketing and financial know how would be highly desirable.
Financial Overview
APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings£21.200
Security Deposit
Payable in advance to Wells to cover charges incurred by your business (If your business is to operate as a limited company a bond of £10,000 is required, together with a personal guarantee for all directors)£10,000
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement£400
Working Capital
Minimum working capital required£5,000
Stock & Glassware
In the region of to cover the value of opening stock£5,000
Valuers Fee
In the region of (paid to valuer) for valuing fixtures and fittings.£800
Advanced Rent
In the region of (usually 1 month) – negotiable£TBC
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)£TBC
Anticipated Retained Income
Wet 90%
Dry 10%
Ongoing Costs
Service Charge
Payable weekly, to include: Extraction cleaning x 3, cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)£83.31 p/w
Accountancy Services fees (payable monthly) for nominated accountant in the region of:
£68.30 p/w
Stocktaking Services
Six professional stocktakes per annum recommended£29.26 p/w
Rent
In the region of (payable weekly in advance)£TBC
It all starts with a vision.
We'll help you make it a reality.
From the minute you click apply, our team are there to give you all the right guidance and support, even long after you get the keys to your pub.
If you’re passionate, willing to learn and have a strong desire to serve your community, you’re definitely in the right place.
Click ‘Get Started’ to get the ball rolling.
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1 to 1 with an RDM
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Support & Training
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