The Greyhound

Description

The Greyhound is a charming property full of character and interesting architectural features throughout, which also benefits from extensive manicured grounds and a 0.6 acre field to the rear. The property has been extensively modernised and improved over the years by the current operators, Antony and Jay Worrall-Thompson who have built the business to become the leading pub/restaurant in the area. Website: https://awtgreyhound.com/

Location

The property is located in the village of Rotherfield Peppard, in the heart of the south Oxfordshire countryside, five miles outside of the famous regatta town of Henley on Thames. The towns of Reading, Oxford and Maidenhead are within easy reach and it is from these areas, as well as several local villages, that the business draws much of its trade.

Internal Details

Main bar (20 covers) with central bar servery, restaurant or 'barn' (40 covers), fully equipped commerical kitchen and pot wash with ancillary storage areas and walk-in fridge/freezers.

Fixtures & Fittings

We are advised fixtures and fittings are included within the premium, with the exception of some personal effects. An inventory will be provided to prospective purchasers.

External Details

Extensive landscaped gardens to the front of the property with elevated decked area for 40 covers, a 'party hut' for 12 covers and further outside seating for 20 covers. The rear of the property is customer parking for 40 vehicles and a large 0.6 acre field that is currently unused and would be ideal for weddings, or accommodation such as Sheppard's Huts.

Owners Accommodation

Owners/management accommodation is arrange over the first floor above the pub accessed via an internal staircase, currently utilised as two offices, a bedroom and staff bathroom, but could be converted back into owners accommodation.

Staff

The business is run by two 'hands on' owner operators, one an executive chef and the other part time front of house, together with a full complement of seven full time staff. There are a further 12 staff members who are on zero hour contracts. All staff to transfer under TUPE and a full staff list can be provided.

Trading Information

Trading figures for the year-end January 2021 show a net turnover of £1,017,909 and a gross profit margin of 73%. Nine months management figures to October 2021 show a net turnover of £677,204. The business currently runs on a trade split of 58% food and 42% wet. Further accounting information can be provided to perspective purchasers upon request.

Trading Hours

Current opening times: Monday - Closed Tuesday - Thursday Noon - 2:30 pm 6:30 pm - 9:30 pm Friday Noon - 2:30 pm 6:30 pm - 10 pm Saturday Noon - 3 pm 6:30 pm - 10 pm Sunday Noon - 4 pm Licenced opening hours: Monday – Thursday 11:00 - 00:30 Friday – Saturday 11:00 – 01:30 Sunday 12:00 – 00:00

Development Potential

To the side of the restaurant is a courtyard that is currently used during events. Subject to planning permission, the restaurant could be extended into this area to create further covers. The rear field could be used for the creation of a bedroom block, shepherds huts or a permanent marquee for events, subject to planning permission.

Tenure

The property is held on the residue of a 35-year free-of-tie, fully repairing and insuring lease from Wellington Pub Company, which commenced in 2004. The headline rent is £96,959.26 per annum and the rent reviews take place every five years. Rent is paid monthly in advance and a three-month rental deposit is held.

Business Rates

Rateable value effective from 1 April 2023 will be £43,000.

Regulatory

Premises Licence.