The Black Horse is a black and white timbered building in excellent condition following a recent large spend which improved both the interior and exterior of the property. The Black Horse is over 400 years old, and parts of the pub are Grade II listed, and it is a characterful community pub.
TRADING AREA AND PRIVATE ACCOMMODATION
The layout of the pub is clearly sectioned to cater for the food led customer base, with food being served in multiple rooms. The facilities include a small intimate eating area, a larger restaurant with a warm homely feeling, beamed ceilings and tasteful décor and a bar area with a generous amount of seating. The catering kitchen benefits from a recent refit. The Black Horse is well set out to accommodate birthday parties, christenings and wakes. Catering for functions is provided on request. Outside there is a small courtyard with modern furniture, a smoking area with seating and cover and a large car park.
The private accommodation offers three bedrooms.
LOCAL AREA AND CUSTOMER BASE
Appleby Magna nestles in beautiful rolling countryside and overlooks a valley. It is a great place for walking, cycling and horse riding. As Appleby is such an attractive village and so close the M42, it has become a popular place to live. The nearest town is the historic Ashby de la Zouch, with Tamworth only eight miles away. The village itself has three pubs, one post office/village shop, a village primary school, a beautiful church and a wealth of lovely buildings in the centre of the village, which is a conservation area.
The pub appeals to both diners and drinkers including local village trade and destination visitors. The Black Horse has a strong food reputation which this business is based on. The site is trading well and is an established business perfect for a food minded operator to continue to drive the business forward.
The Black Horse is currently trading at £3,700 per week with an 85/15 dry/wet split. With the right operator and a focus on marketing this pub has the potential to achieve sales of £4,200 per week. The pub appeals to both diners and drinkers including local village trade and destination visitors. The pub has a strong food reputation which this business is based on. The next operator should try to attract a more diverse crowd in order to grow the business further, with emphasis on marketing the pub.
Barrelage Discount £50
Fair Maintainable Turnover* £235,634.70 p.a.
Working Capital £6,000
Training Fee £550+VAT
Security Deposit £5,625
Stock and Glassware £4,000
Legal fees £350+VAT**
Initial Contractual Costs ***
Rent £22,500 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £520 p.a.
Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement
****You will need to obtain independent advice from a qualified accountant, RICS qualified surveyor and a qualified solicitor at your own cost
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