The George & Dragon, Witney
Pub Details
133 Main Rd, Long Hanborough, Witney OX29 8JX
Destination, Food
Ingoing Costs : £31,000
Pub Rent: £49,000
About the Pub
This business comprises of two separate internal areas, a wonderful traditional warm bar area and a very large 60 cover restaurant area. With a wealth of period charm, benefitting from original exposed beams and flagstone floor. there is easy access to the restaurant, which can double up as a function area for private parties as well as access to the rear trade garden offering an additional 100 covers. This is a quality traditional destination food house with a big focus on excellent food and service. The business has a good reputation and attracts regular customers from a 15 mile radius.
Key Highlights
Stunning main road Cotswold pub and restaurant located in a very affluent demographic
Separate bar and restaurant areas providing the ability to drive both weekly dining activity and functions up to 80 people
Beautifully landscaped gardens able to cater for 100+ covers
Ample car parking, ideal for this destination food business
Payment plan available for the purchase of fixtures and fittings
Suitable Applicants
This business represents a great opportunity for an experienced catering couple or multiple site retailer committed to providing a first class pub/dining experience, with excellent customer service and marketing skills.
Financial Overview
Security Deposit
Payable in advance to Wells to cover charges incurred by your business – trading as a Ltd Co£12,250
Valuers Fee
In the region of (paid to valuer) for valuing fixtures and fittings£800
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement£430
Advanced Rent
In the region of (2 weeks)£2000
Working Capital
Minimum working capital required£10,000
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)£30,000
Stock & Glassware
In the region of to cover the value of opening stock£3,000
APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings£29,000
Anticipated Retained Income
Ongoing Costs
Service Charge
Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only), NICEIC Electrical Test (tenancies only) and Premises Licence renewal fee£5,800 p/a
Dilapidations service charge
Funds will be collected through the whole agreement and will be drawn down to fund tenant works/decorations£80 p/m
Rent
In the region of (payable weekly in advance)£49,000 p/a
Stocktaking Services
Six professional stocktakes per annum recommended£1,472 p/a
Accountancy Services
Fees for a nominated accountant (in the region of)£4,900 p/a
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.
We'll give you the support
you need to succeed.
Choose from the following support options below. Or, if you need to contact us directly, click here.
Monday Drop In
Want to learn more about what it takes to thrive as a Wells & Co. pub partner? Our RDMs are at Brewpoint every Monday, and they’re ready to chat!
1 to 1 with an RDM
Curious about running your own pub? Our Retail Development Managers are here to help. Whether you’d prefer to call, email, or meet in person, they’re ready to chat.
Support & Training
All the support, development you need, provided by best in class providers. We’ll help you get all the licenses & training you need to succeed.
Your dream pub could be waiting for you...
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