Choughs

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Pub Overview

Charming Listed Pub

Due to undergo an excitingrefurbishment, Choughs is a beautiful listed building and occupies a prime High Street location, this versatile site could easily become the 'go-to' location for lunch and dinner. Chard lies in south Somerset, close to Devon and Dorset and with a population of around 13,000, it's one of the largest towns in the area. A combination of trade from locals, trade from the plenty of people from outlying villages who gravitate towards Chard in the evening and at weekends and planned investment for the town thanks to a regeneration scheme, makes the pub a lucrative option.

There's plenty of scope for growth at the Choughs. This chameleon pub should change the offer and appeal throughout the day, attracting shoppers in the afternoon and mixed drinking groups later on. At present there's no real food offer, which provides ample opportunity to increase revenue with the introduction of an enviable menu. A sports offer will also provide a welcome additional revenue stream, courtesy of a skittle alley and televised sport

The Choughs is available on our investment tenancy agreement. Click here for more information on this agreement .

Experienced Town Centre Operator Wanted

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the Choughs will have extensive experience in high street hospitality businesses. They will have a clear vision for their marketing strategy, food & drinks menu and sports offer and can create a memorable experience for their customers.

If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pubs next chapter…

Features

  • Catering Kitchen
  • Investment Tenancy
  • Private Accommodation
  • Refurbishment Planned
  • Function Room
  • Outdoor Trade
  • Car Park
  • Live Sports


Trading Area & Facilities

The Choughs will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads.

The pubs trading area and facilities post refurbishment will be:
  • Open plan main trading area with bar
  • 73 internal covers
  • 8 external covers
  • Catering kitchen
  • Skittle Alley / Function room
  • SmartDispense
  • Small outside trading area
  • Car park with 6 spaces
  • Pool table / darts board / live sports

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

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

Pub Financials

Annual Rent £
33,748
Estimated Annual Turnover £
550,206
Deposit £
8,437
Estimated Fixtures & Fittings Value £
22,535
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
38,472
Estimated Minimum Ingoing Costs £
38,472

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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