Bedford Hotel Horsham
Summary
The Bedford Hotel is a very large Victorian corner pub, located very close to Horsham station in a delightful residential area. As a three-storey property, the pub commands a very prominent position with its imposing building.
Description
Internally, the pub operates from two bar areas, there are pub games on offer and there are TV screens which have the potential to host all the major Sky and TNT events.
A trade kitchen is located on the first floor which is currently unused, however could be reinstated to drive additional revenue. On the third floor, there is an additional room which could be used for private functions or meetings with some investment from the new publican.
To the rear of the pub is a very large enclosed patio garden with seating for upwards of 50 customers. There is also a second, smaller enclosed patio area used for smokers. There is a car park located opposite the pub with circa 30 spaces.
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Key Features
• Prominent position opposite Horsham Train station
• Two bar operation
• Large patio garden
• Third-floor function room
Business & Financial Information
• Estimated ingoings (upfront): £11,400
• Full deposit: £10,625
• Agreement fee: £775
• Guide rent (weekly): £817
• Guide rent (annual): £42,500
• Forecast turnover (weekly): £28,500
• Forecast turnover (annual): £557,823
Ideal Operator
The Bedford Hotel requires an experienced Publcian that can bring the site back to the local community, whilst thinking outside the box to introduce further offers to the site to capitalise. The Bedford Hotel benefits from its close location to Horsham train station and as such could perhaps introduce coffees to commuters. The site has a trade kitchen on the first floor with the opportunity to introduce a food offering to the site.
The top floor is an unused space that could be converted to letting rooms, however this would require a strong Publican investment.
Private Accommodation
The first floor comprises three bedrooms, lounge/diner, bath, w/c and kitchen. The second floor is used only for storage and is classed as ‘loft space’.
Regional Manager's Thoughts
The Bedford hotel is near Horsham train station, the site could expand its offering to capitalise on the local commutators with the idea of converting one of the bars into a coffee offering along with food perhaps.
The site is well-kept but dated and would require investment from the publican to add new and upgraded F&F along with décor. A publican that has experience in developing a site and bringing it back to the local community, whilst at the same time thinking outside the box to introduce different offers.
The site is very large in size and has an unused third floor that is empty, this area could be used and developed, along with the unused two-bedroom cottage.
Surrounding Area
Horsham is a market town on the upper reaches of the River Arun on the fringe of the Weald in West Sussex, England. The town is 31 miles south-west of London, 18.5 miles north-west of Brighton and 26 miles north-east of the county town of Chichester.
Upfront cost
£11,400
Cost type:
Upfront
Key facts
Upfront cost
£11,400
Turnover (annual)
£557,823
Rent
£42,500 (annual)
Location
Station Road, Horsham, West Sussex RH13 5EY
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.
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