•This award winning community pub is based in the Thornhill estate in Southampton.
•The pub has 2 bar areas with pool tables and a lounge area which can be used for functions. There is a garden and patio area and there is a room to host functions. The pub is in good condition.
•The pub has a great reputation and attracts customers from the local area. It hosts pool, darts and other teams. It is renowned within the area for Sky Sports/BT Sport and for holding community events.
•The business currently trades at between £6,000 and £7,000 gross per week.
•The private accommodation has three bedrooms, two bathrooms and a kitchen.
•The Hinkler needs an operator who has local knowledge and can engage with the local community.
Barrelage Discount £50
Fair Maintainable Turnover* £346,777 p.a.
Working Capital £6,000
Training Fee £550 + VAT
Security Deposit £8,750
Stock and Glassware £3,000
Legal fees £360 + VAT
Initial Contractual Costs ***
Rent £35,000 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 also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
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