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White Horse, Cranbrook

Cranbrook, TN17 3EX

Your investment

£17,000

Agreement Type

Tenancy

Cranbrook is a small but affluent town with picturesque weatherboarded houses surrounded by orchards and farmland. The White Horse has a perfect corner location right on the High Street and offers a warm welcome for shoppers, local residents and tourists staying in the area.

Cranbrook is a small but affluent town with picturesque weatherboarded houses surrounded by orchards and farmland. The White Horse has a perfect corner location right on the High Street and offers a warm welcome for shoppers, local residents and tourists staying in the area. The White Horse delivers on all levels. Outside it’s a traditional building set in a great location on the corner of the High Street.

Pub Layout

Inside it’s a smart, contemporary pub with a reputation for serving great beer. You’ll earn extra income from serving good quality food, and there are four letting rooms in great order with en-suite as well.

Currently, the pub has been trading below par and has suffered due to the lack of attention from a recent partner, BUT this pub has everything going for it! The pub company are looking for someone to run this business who will drive the highest standards as well as offering outstanding value, service and quality and will demonstrate a commitment to serving a top-quality pint.

Private Accommodation

The private accommodation consists of three bedrooms, a kitchen and a bathroom.

Letting Accommodation

There are four letting rooms in great order all with en-suite

 

Annual Rent: £15,000

Security Deposit: £5,000

Working Capital: £7,000

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: £325 plus VAT

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

The new operator at the White Horse will need to be hard-working service and standards focused, an operator who will bring a sense of pride to the pub. They will have the ability to drive the sales across the business and restore the pub back to its rightful place as the best pub in Cranbrook and the surrounding area. There is plenty to work on already, and the recent refurbishment has moved the pub further into the quality marketplace and has confirmed the commitment to keeping the pub as the hub of the town community. There is good scope for increasing the quality entertainment, including live music to build on the site’s existing reputation as a go-to venue.

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 – £28.01 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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