Overview

Looking to run a pub?

The Horse & Groom, Mortimer, Berkshire is lovely Cask Marque community village pub which is undergoing a significant refurbishment to enhance the trading areas and give the pub a beautiful new look and feel throughout. Situated in a desirable village on Mortimer Common, opposite the Mortimer Cricket Club and close by the village school there are residents within walking distance and then surrounding villages in the wider area. Reading is also just 4 miles away.

Business Facilities & Refurbishment

Punch are investing in a completely new look and feel for this pub, we are creating a much improved layout for the trading areas, so it will be completely different to the way it currently appears.

The exterior is to have a fresh look, with new signage, lighting and decoration.

We are investing to extend the dining area increasing covers to 134, there will be beautiful new décor across all trading areas, new flooring and tiles and back of house will also be given new décor and flooring as required. The pub will also have redecorated toilets and flooring and tiles.

The pub also has a beer garden for warmer months.

Take a look at the full details in the design pack below.

Accommodation

The domestic accommodation will include two bedrooms.

About the local area

The village of Mortimer is about 4 miles from Reading, with great road and rail links to London and the West Country. The village is surrounded by open countryside with plenty of local walks, the village school is next door to the pub and its opposite Mortimer Cricket Club. The village residents live in a mixture of well-established housing and new builds (many of which is in walking distance) and is growing due to the proximity to Reading. There are also a number of villages in the wider area who are within easy driving distance for an evening or weekend meal or to meet with friends.

This pub may suit

This pub would suit an operator with catering experience, ideally from a managed house or maybe a retail background. You will be keen to create a welcoming pub and to develop this business to its full potential, drive a team and establish it as a popular dining venue which will be known for its service and high standards in the local area.

About the Agreement

Our lease agreements are a great way to run your own pub business on a long-term and flexible basis. Your pub will be safe, legal and complaint and potentially receive an impressive Punch investment, along with support on marketing your pub.

We offer a selection of bespoke leases ranging from 8 – 15-year terms, to free of tie agreements, all of which are fully repairing and protected under the leased and tenanted legislation.

Depending on which lease agreement you choose, you will receive as much or as little support and training as you need. To find out more about our individual lease agreements call our Recruitment team on 01283 501999.

 

Financial Information

Initial Deposit*
£14,375
Legal Fees
£750
Working Capital
£2,000 - £4,000
Street Check
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Business Information

Annual Rent
£57,515
Weekly Rent
£1,106
Forecasted Annual Wet Turnover
£414,818
Forecasted Annual Food Turnover
£157,731
Forecasted Annual Other Turnover
£8,476
Agreement
Lease

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