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Cross Guns, Pant

Pant, Oswestry, SY10 9QR

Your investment

£10,000

Agreement Type

Tenancy
  • Large pub in village location
  • Destination food pub
  • Spacious car park

The Cross Guns stands as a prominent landmark in the picturesque village of Pant, Oswestry, situated along the bustling A483 that connects Oswestry to Welshpool. Positioned on the Welsh border, this location enjoys a steady flow of visitors, ranging from tourists staying at local caravan parks to day trippers and other passing travellers. Pant, a quaint village with residential housing, is complemented by its proximity to essential amenities and the local school situated directly behind the pub.

Pub Layout

The Cross Guns is an expansive pub featuring a generous parking area and a striking contemporary beer garden at the front. Recently renovated in 2022, the pub is well-maintained and presents an inviting bar area. The presence of a real fire adds a warm and cosy ambiance, particularly on winter evenings. Additionally, a formal dining area is provided for those seeking a more refined experience. The establishment also offers entertainment options such as a pool table and televisions distributed throughout.

 

The pub operates as a sought-after food destination, enjoying regular patronage from the local community. The bar boasts an extensive selection, ranging from draught beverages and wines to spirits, coffee, and teas, catering to various preferences. Currently, the food offerings emphasize good value, featuring several promotional deals, including a popular Sunday lunch special. The pub actively engages with the community by hosting various events throughout the year, including weekly quiz nights and live music performances.

There are two bedrooms, living room, kitchen and bathroom all in good order.

Annual Rent: TBC

Security Deposit: £3,000 (build up to £5,000)

Working Capital: £1,000

Stock: Wet & Food £6,000

F&F: TBC – Funding options may be 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: £325 plus VAT

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

An excellent opportunity awaits the suitable tenant(s) to evolve and enhance this versatile and long-standing business. A robust skill set in managing both food operations and maintaining high retail standards is essential. Collaborating with the local community is vital to establish the pub as a focal point through engaging events and a compelling entertainment lineup. Given the seasonal trading pattern, spanning from March to the October half term, maximising all revenue streams is crucial for propelling the business forward. This involves seamlessly catering to customer needs and maintaining a strong rapport with regular patrons.

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). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

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.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

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.

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 – 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 – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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