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Black Horse, Princes Risborough

Princess Risborough, HP27 0QU

Your investment

£12,000

Agreement Type

Tenancy

The Black Horse pub located in the beautiful picturesque village of Lacey Green in the Wycombe district, near Princess Risborough in Buckinghamshire. The pub is predominantly positioned on the main road through through Lacey Green creating an abundance of passing trade. This affluent village is made up of residential houses, businesses and including local amenities such as primary schools, a church, recreation sports such as tennis, archery clubs and equestrian training centres.

The Black Horse pub located in the beautiful picturesque village of Lacey Green in the Wycombe district, near Princess Risborough in Buckinghamshire. The pub is predominantly positioned on the main road through through Lacey Green creating an abundance of passing trade. This affluent village is made up of residential houses, businesses and including local amenities such as primary schools, a church, recreation sports such as tennis, archery clubs and equestrian training centres.

Pub Layout

This delightful pub is served by a cosy bar at the front, with a larger seated area further back which has more emphasis on dining, all decorated with traditional timber beams and a mixture of loose seating and tables all in excellent condition. In the bar area live sports is televised with a darts oche, dominoes and crib tables used. Externally, at the rear of the pub there is a large patio beer garden with marquee, great for hosting events and al fresco dining with a children’s play area and pet corner. To the front of the pub there is a further hard landscaped area housing a number of picnic benches. The Black Horse also has the benefit of a large car park accommodating approximately twenty vehicles.

The Black Horse trades as a traditional village community local whilst the mixed retail offer which also attract residents from neighbouring villages. The pub is known for its excellent home-cooked food and Sunday lunches along with rotational ales and a wide range of drink products. A family orientated pub equipped with a children’s play area and is dog friendly. Traditional pubs games and events are well received by the local community. The current licensee is retiring after building a consistent trade and well looked after pub, and the new licensee to take on the good name and trade of the Black Horse.

Private Accommodation

The private accommodation is located on the first floor and consists of two bedrooms, one large double bedroom and one small bedroom (or office), lounge, and family bathroom.

Annual Rent: £25,000

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3,000

Fixtures and Fittings: Upon Valuation 

(funding options available for the right licensee)

Tie:        All drinks categories are tied.

For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £250 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral Taverns are looking for a licensee(s) who will become part of the community and attract both regular customers but also capitalise on changes to a more premium offer and become known further afield for its good food. The garden which is a key asset for the pub is also an opportunity to explore further use through the seasons including public events and functions.

The premises may qualify for Small Business Rates Relief in which case the non-domestic rating liability may be nil subject to the ratepayer occupying only one property for the purposes of business.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for   weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed)

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £30.10 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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