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Horse And Jockey Banbury

Pubs & Bars • 20 West Bar Street, Banbury, Oxfordshire OX16 9RR Management opportunity
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Summary

The Horse and Jockey has a very traditional pub feel, with character features throughout.

Description

The Horse and Jockey has a very traditional pub feel, with character features throughout. Primarily trading as a late-night venue, the opportunity is to reposition the pub to grow day and evening trade with a strong community offer with standard and premium draught brands and reasons to visit, including cask ale, live music, and pub teams quiz. The pub has five letting rooms, two of which are en-suite and three of which share a bathroom and are marketed to local workers in Banbury. A small kitchen area services the pub with the potential for sharing board/pizza / and pie-type offers. The pub will fit the edge part of the town circuit with a late licence to trade, perhaps with a weekend DJ, karaoke and open mic events and potential for live sport viewing. A small courtyard garden area at the rear of the pub offers a further 20 covers in the summer. This has the potential to be a cosy pub with a high vibe! Key Features • Main road location with much passing traffic. • Traditional Oxfordshre style pub - low ceilings and character. • Edge of town centre location benefitting from the established pub circuit. • Opportunity to re position the offer to appeal to new sections of the community. • Five letting rooms that would suit contractor workers in the area. Business & Financial Information • Estimated ingoings (upfront): £5,920 • Full deposit: £5,125 • Agreement fee: £795 • Guide rent (weekly): £394 • Guide rent (annual): £20,500 • Forecast turnover (weekly): £275,399 • Forecast turnover (annual): £275,398 Ideal Operator This pub would suit an operator who is looking for a town centre pub with a community feel. They may be a couple or an individual. The right operator will be interested in a pub offer engaging with locals and passing trade alike and intent on finding their place on the town pub circuit. This may equally be an experienced community operator or an operator new to the industry but with a drive and passion to create a pub they are proud of. Private Accommodation Consists of a one bedroom self contained flat complete with open plan living and kitchen area and seperate bathroom. Access is seperate to the pub and would ideally suit a couple. The flat is in good condition and has been recently redecorated. Regional Manager's Thoughts Would suit a couple or individual with experience or new to the industry, looking for their first pub. What will be important is the desire to create a quality wet-led offer to fit with what is a great location on the edge of a historic town centre with much passing traffic. The offer that will work here will include a great range of beers, wines, spirits and community pub reasons to visit, including pub teams, live entertainment in a traditional Oxfordshire feeling pub. This one is somewhat of a blank canvas where the right offer will drive customers to the venue. Surrounding Area Located on the edge of Banbury Town Centre very close to the famous landmark of Banbury Cross. The pub benefits from its prominent main road location with high passing traffic. All of the amenities you would expect of a town centre are on the pub's doorstep. The historic town centre and Castle Quay Shopping Centre is within a five minute walk. The pub is surrounded by on street parking and two local car parks. Within five mins by car is the beautiful Oxfordshire countryside and the M40 linking Banbury with London (80 miles) and Birmingham (45 miles).

Upfront cost

£5,920
Cost type: Upfront

Key facts

Upfront cost
£5,920
Turnover (annual)
£275,398
Rent
£20,500 (annual)

Location

20 West Bar Street, Banbury, Oxfordshire OX16 9RR
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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