Skip to main content

Plough & Horses

90 Fleet Road, Cove, Farnborough, Hampshire, GU14 9RG

The Plough & Horses is a pretty village pub & restaurant located in Cove, Farnborough, Hampshire.

Key features

  • Village community pub & restaurant 
  • Large open plan trade area for approx. 70 covers
  • Good sized, well equipped trade kitchen
  • Large garden area 
  • Customer car parking 
  • Private accommodation with 3 large bedrooms
  • Available quickly if required

Floorplan

THE PLOUGH & HORSES 

The Plough & Horses is a traditional, pretty pub & restaurant located in Cove, an ancient village turned suburb in Farnborough Hampshire.

Crowned Shepherd Neames ‘Community Pub of the Year’ in 2016, the Plough & Horses always has something on offer, with the Cove locals at the heart of everything that it does.

Quiz & curry nights take place every Thursday  evening, they host regular live music and open mic nights, themed and seasonal events run through the year and there are 4 loyal darts teams that play throughout all seasons,

Currently the Plough & Horses offers a great range of hearty, home-cooked pub classics  every lunch time, they serve food Wednesday to Saturday evenings and they have an ever popular  Sunday lunch available every week.

Internally you will find a large open plan trade area with low ceilings, open fires and a warm cosy feel. The bar area can cater for approximately 20 covers with a further 50 covers available in the restaurant dining area. The trade kitchen is of good size and is well equipped.

Outside there is a patio area together with a large grassed garden to the back of the property and plenty of customer car parking.

The tenants private accommodation is also of good size and includes three large double bedrooms, lounge, kitchen/diner, bathroom, utility room and its own private courtyard garden and entrance.

The Plough & Horses is now looking for new tenants that can continue to provide the local community in Cove with sincere hospitality, superb customer service and a good food & drink offer.

For more information or to arrange a formal viewing of the Plough & Horses, please call the Trade Recruitment Co-ordinator on 01795 542132.

BAR & RESTAURANT   

Large open plan trade area with feature bar servery and space for approx. 20 covers and restaurant dining area for approx. 50 covers

KITCHEN

Large well equipped trade kitchen

OUTDOOR & PARKING

Patio to the rear of the property with seating and a large grasses garden

PRIVATE ACCOMMODATION

Tenants private accommodation is on the first floor with its own private entrance and courtyard garden. The accommodation includes three large double bedrooms, lounge, kitchen/diner, bathroom and a utility room

Capital Requirements

Estimated capital requirements

Trading deposit£10000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£20000
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£10000
Training deposit
£750 refundable on completion of training
£1000
Total estimated ingoings£47500

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£27500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£52000£53196£54444
Per week£1000£1023£1047

Council tax

Band C

Non Domestic Business Rates

RATEABLE VALUE - £44,500

MULTIPLIER 2019/2020 - 0.491

ESTIMATED RATES PAYABLE - £14,566

  • As at the time of publishing, the estimated rates payable, are based upon the assumption that the tenant occupies the maximum of one pub and therefore qualifies for small business rates relief
  • We have also applied the relevant multipliers and estimated transitional relief where applicable
  • Retail relief has been applied to all pubs with a rateable value of £51,000 or less. This entitles the occupier to a third reduction in rates payable after all other reliefs and will run for the 2019/20 and 2020/21 rating years. This is an assumption that should be confirmed with the local authority
  • The above calculations are estimations only and as rateable values are  subject to change, we would request that the prospective new  tenant checks the rates payable and any other relief with the local authorities prior to completing a financial plan

Trading information

Trade

Year ending 30 June

2016 2017 2018 2019
All beer and cider
Barrels
266 267 262 260
Wine
Gallons
469 491 448 377
PPS
Gallons

Premium packaged spirits (eg WKD)
20 17 19 16
Traditional Spirits
Gallons
113 119 119 94
Minerals
Ready to drink litres
7531 7411 7565 7454

Estimated food turnover

£2,000 per week approximately

Shepherd Neame has no access to the tenant's food turnover figures. Please note this figure is estimated as accurately as possible at time of publishing.

Estimated awp profit (Amusement with prizes)

£6,000 per annum approximately 

Licence information

Hours authorised by the premises licence

Supply of alcohol, background music and provision of late night refreshment.

Sunday - Thursday - 10.00 - 23.00
Friday - Saturday - 10.00 - 01.00

Open to the public

Sunday - Thursday - 09.00 - 00.00
Friday - Saturday - 09.00 - 01.30

Live music

Sunday - Thursday - 10.00 - 23.00
Friday - Saturday - 10.00 - 00.00

Agreement Overview

  • This pub is being offered on a traditional rolling tenancy agreement that is subject to a five year rent review
  • This agreement is covered by the ‘Landlord & Tenant Act’
  • This is a fully tied agreement across all beer, cider, wine, PPS, spirits and minerals
  • Any deviation from the standard terms outlined above should be discussed at interview stage with your designated Business Development Manager
  • Please note that we require all licensees to pass the Pre-Entry Awareness Training Course (PEAT) a minimum of five days before you can attend a formal shortlist interview with us. Please ask us for more information about PEAT if required
  • You can see our code of practice at the top of this page