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Broad Face

Pubs & Bars • Abingdon, Oxfordshire Management opportunity
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Summary

The Broad Face, Abingdon is a delightful pub situated on the high street and close to the banks of the River Thames. The pub is currently a great place to enjoy a leisurely drink or a great meal.

Description

The pub has previously won awards from CAMRA and is known for a great range of beers and other drinks. The food is home cooked and delivered to a high standard, with the pub seeing a sales split of 60/40 in favour of drinks. The current offer should be continued going forward and the Broad Face offers a great opportunity for an experienced operator, who is well versed in these types of offers within an historic environment. The new operator will be expected to delight customers, whether coming in for a morning coffee and delightful freshly cooked lunch or an evening dining experience. The pub is renowned for craft ales and monthly live music events also add to the occasion. Key facts • Annual rent: £25,500 • Upfront cost: £22,625 • Forecasted operator turnover: £525,903 • Forecasted operator profit (inc machine): £51,734 • Type of tie: Full tie: Access to Discounted Wines, Spirits & Minerals Price List • Machine product agreement: Unrestricted (100% to licensee) Entry costs Entry cost is approximately £22,625 which includes 25% of the fixtures & fittings value, deposit, stock and working capital. Any additional costs will be confirmed in your schedule 1 information. You will also need to obtain independent professional legal and financial advice. Please note, the fixtures and fittings value is estimated and will be confirmed on change day and an assisted purchase plan is available to purchase the remaining 75% of fixtures and fittings. Trading space As you enter into main bar area to the left hand side you will find the dining area that follows to the back of the building. There is a garden/terrace area to the right and rear of the pub. All areas serve food with full service in the dining area Private accommodation The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom and toilet.

Upfront cost

£22,625
Cost type: Upfront

Key facts

Upfront cost
£22,625
Turnover (annual)
£525,903
Rent
£25,500 (annual)

Location

Abingdon, Oxfordshire
Location shown at seller’s request for confidentiality. Exact details may be available after enquiry.

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