Property Description
The Black Horse is available on our Management Agreement, Just Add Talent. It combines our tried-and-tested pub concept with industry-leading training and support for you and your team. Click here for more information on Just Add Talent.
This is your opportunity to run a ready-made pub with no utilities, stock, rent or maintenance costs. We also supply ready-to-go till, stock ordering and health & safety systems. You can rest assured knowing that we do the detail, so you can Think Bigger.
If you’ve got the talent to manage a team, deliver great service, and know your local community, this is your chance to build a successful pub business.
So, what would you do with The Black Horse to drive forward our pub concept?
About the pub
The Black Horse is a welcoming local pub, providing a premium food and drinks range that combines a quality pub atmosphere, live sports and social events.
Located on a busy main road in the centre of Dedworth, just outside Windsor in Berkshire, The Black Horse is an established community locals’ pub with strong wet-led trade. The pub currently has a 90% wet-led offer and 10% food mix, with an opportunity to grow the food side of the business further. It benefits from a one-bar operation, Sky Sports, HEINEKEN SmartDispense®, a catering kitchen, large car park and patio garden area.
About the area
Dedworth is a residential area just outside Windsor, giving the pub access to a local customer base as well as passing trade from its prominent main road position. The Black Horse is well placed to appeal to loyal locals, sports fans and customers looking for a relaxed pub environment for everyday visits.
Demographics
The existing customer base is centred around local residents and regular community trade. The briefing does not include the adult population within walking distance, so I have not added a figure.
The offer
The Black Horse is available on our Just Add Talent Management Agreement. On our Just Add Talent Management Agreement, operators are paid a weekly revenue share of between 20-30%, determined by the pub earnings, potential and size, and a quarterly award of 20% uncapped net operating profit.
We anticipate the estimated on-target earnings for this pub to be in the region of £62,024. The food currently makes up 10% of the pub’s total sales.
The right Just Add Talent operator could drive trade through well thought through live entertainment, live sports, a strong calendar of events and by developing the food offer to complement the pub’s established wet-led trade. We're also really interested to hear your ideas on how you would drive trade.
One bar operation
HEINEKEN SmartDispense®
Sky Sports
Large car park
Catering kitchen
Patio garden area
Private accommodation with two bedrooms, bathroom, kitchen, living room and office.
Premises licence available on request.
Agreement Type
Just Add Talent
Property Facilities
Kitchen
Live Sports
Parking
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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