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Wheatsheaf, Farnham

19 West Street, Farnham, Surrey, GU9 7DR

Located at the far end of the high street, the Wheatsheaf is a large Pub & Restaurant that sits at the heart of Farnham, an historic market town near Guildford, Surrey.

 

Key features

  • Large pub & restaurant for approx. 110 covers 
  • Open kitchen overlooking the restaurant
  • First floor office, staff room, walk in fridge & dry stores 
  • Secluded courtyard garden for approx. 20 covers 
  • Private accomodation with 3 double bedrooms 
  • Available quickly for the right applicants  

 

Floorplan

THE WHEATSHEAF

Located at the far end of the high street, the Wheatsheaf is a large Pub & Restaurant that sits at the heart of Farnham, an historic market town near Guildford, Surrey.

 Internally the pub has a fresh, contemporary feel with an open plan kitchen overlooking the beautifully decorated barn area. The flexible layout gives you the opportunity to utilise the Peter Pan room for private dining and events or it can be incorporated in to the open plan drinking and dining space for approx. 110 covers in total.

 

Sliding glass doors open up from the barn area on to a pretty secluded courtyard garden with outside dining space for an additional 20 covers.

 On the first floor you will find an office, the staff room, a walk in fridge with dry stores and the tenant’s private accommodation housing a kitchen, bathroom and three large double bedrooms.

 The Wheatsheaf currently plays host to a diverse customer base and its existing menu is focused on using locally sourced and fresh ingredients. Live music was previously on offer on the first Friday every month and the Peter Pan room is popular amongst the local businesses for breakfast meetings, private networking gatherings and dinners.

 Shepherd Neame is now looking for tenants to take over the successful running of the Wheatsheaf and it has the potential to be available quickly for the right applicants.

 For more information or to arrange a formal viewing of the Wheatsheaf, please contact the Trade Recruitment Co-ordinator on 01795 542132.

BAR & RESTAURANT

Feature bar servery with relaxed drinking & dining area, the Peter Pan room and Barn style restaurant dining space for approx. 110 covers in total. Office, staff room, walk in fridge and dry store on the first floor

KITCHEN

Open fronted and fully equipped trade kitchen

OUTDOOR & PARKING

Secluded courtyard patio area with outside dining space for approx. 20 covers

PRIVATE ACCOMMODATION

The private accommodation is on the first floor and includes a bathroom, kitchen and three large double  bedrooms

Capital Requirements

Estimated capital requirements

Trading deposit£5000
Contract deposit
refundable on day of charge
£500
Repair scheme
+ monthly payments £50
£1000
Inventory£
Stock, glassware, cutlery, crockery, etc
Estimated subject to independent valuation by trade broker and stock taker
£5000
Working capital£7000
Training deposit
£750 refundable on completion of training
£
Total estimated ingoings£

Minimal capital considered

Minimum capital considered
Based on: Trading deposit + stock, glassware, cutlery,
crockery, etc, working capital + training deposits + misc
£18500
Please note: Where only minimal capital is available inventory will be rentalised.

Rent and charges

Rent

Year 1Year 2Year 3
Per anum£64220£66144£68120
Per week£1235£1272£1310

Council tax

Band D

Non Domestic Business Rates

RATEABLE VALUE - £53,600

MULTIPLIER - 0.512

ESTIMATED RATES PAYABLE - £0

NOTE: 

  • Retail relief has been increased to 100 % for the hospitality industry between 1st April 2020 to 31st March 2021
  • 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

2019 2020
All beer and cider
Barrels
136 107
Wine
Gallons
1005 635
PPS
Gallons

Premium packaged spirits (eg WKD)
4 0
Traditional Spirits
Gallons
79 51
Minerals
Ready to drink litres
7262 5305

Estimated food turnover

2020 - £235,500 approx. per annum net (These figures include a four month period of closure from March to June 2020 due to COVID-19)

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.

Licence information

Hours authorised by the premises licence

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

Monday - Thursday - 11.00 - 23.30
Friday - 11.00 - 01.00
Saturday - 09.00 - 00.00
Sunday - 09.00 - 23.30

Open to the public

Sunday - Thursday - 09.00 - 00.00
Friday - Saturday - 09.00 - 00.30

Live music

Monday - Saturday - 12.00 - 00.00
Sunday - 12.00 - 23.30

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