Plough Inn New

FindMyPub.com
Catering Kitchen

Providing a warm and friendly welcome, the Plough Inn currently operates Thursday to Sunday only with a stronger food trade. It has a loyal, local food following and is renowned for its homemade pies, classic pub favourite dishes, a great range of seasonal specials, and sell-out Sunday lunches. The flexible pub layout allows it to accommodate private parties, events, and gatherings internally, and the garden has hosted summer events and weddings. The pub is also a registered host with Brit-stop, an independent network of pubs, vineyards, and attractions that provide unique, free motorhome stopovers across the country, so it has also welcomed nearly 180 Brit-stop visitors in the last year.

Due to retirement, the Plough is on the market for the first time in fifteen years, and it offers significant development opportunities for the incoming tenants. It has the potential to be available quickly for the right applicants, and it is available on either the traditional tenancy model or on a tenanted business partnership agreement.

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Please note that the Energy Performance Certificate is available from the landlord.

Estimated capital requirements:

• Trading deposit £5,000
• Contract deposit (Refundable on day of change) £500
• Maintenance scheme (Plus monthly payments of £50) £1,000
• Inventory (Estimated post-refurbishment subject to an independent valuation by a trade broker and stock taker) £20,000
• Stock, glass & crockery (Estimated subject to an independent valuation by a trade broker and stock taker) £3,000
• Training deposit (£500 Refundable on completion of training) £1,000
• Utility package deposit (Approx. cost, applicable subject to agreement type) £TBC
• Technology pack deposit (Approx. cost, applicable subject to agreement type) £TBC

Working capital £3,000
Total estimated ingoing charges £35,500
Minimal capital considered £15,500

A lower minimum amount of capital may be considered, provided that there is a strong business and financial reason to support this during the application process.

Fixed Rental Structure:

• Year 1   £46,280             
• Year 2   £47,164             
• Year 3   £48,152             
• Year 4   £49,244            
• Year 5   £50,440      

This pub is being offered on a Standard Tenancy Agreement with a fixed 5-year rental structure. This agreement is covered by the ‘Landlord & Tenant Act’ 1954 Part II. This is a fully tied agreement across all beers, cider, wine, PPS, spirits, and minerals.