FindMyPub.com
Beer Garden
FindMyPub.com
External Drinking Area
FindMyPub.com
Car Park
FindMyPub.com
Restaurant/Dining
Property details
The landlords have unlocked the potential of The Mill after a significant investment and are now looking for a passionate and experienced licensee who shares our vision for this stunning community pub located on the outskirts of the affluent Berkshire market town of Thatcham, just 3 miles away from Newbury. Thatcham straddles the River Kennet and Avon Canal and is served by Thatcham railway station on the line between Reading and Newbury, making it an easily accessible location. The pub itself is situated on a busy roundabout on the edge of the town in a densely populated area adjacent to a shopping centre with no direct competition. The pub possesses all of the amenities required for a multi-income stream, high turnover operation, zoned trading space, a well-equipped commercial kitchen, ample car parking, and a large beer garden.
The pub is purpose-built; a modern single-storey building, built to serve the local community. Internally, it is beautifully decorated, warm, and welcoming with a spacious open-plan bar area. The bar is the central point of the pub, serving the various zones - making this the perfect local for all occasions, be it a drink or a food-driven visit. The thoughtful layout means the captive audience is huge, with plenty of space to catch up with friends - whether having a bite to eat or a drink, playing darts or pool, watching the match, or enjoying the weekend entertainment. In addition to the car parking, there is an overflow car park via the shopping precinct, which can come into use if required. The spacious commercial kitchen, which is used for lunchtime and evening traditional food menu, can easily support functions, parties, and delivery offers - on top of the core offer.
Externally, there is plenty of outdoor space to hold a variety of events in the warmer months such as BBQs and beer festivals.
The private accommodation offers spacious 3-bedroom accommodation, alongside a lounge, kitchen, bathroom, and office.
FindMyPub.com
Cask Ale
FindMyPub.com
Catering Kitchen
FindMyPub.com
Team Games
FindMyPub.com
Pool Area
FindMyPub.com
Experienced Operator
Trading style
The Mill offers an excess of 70 internal covers, with a similar capacity externally. The potential here is huge, due to the multiple income streams. However, the skill of the licensee will be key to marketing, driving, and exploiting all these income drivers.
The landlords are looking for an experienced and commercially driven licensee, who will enjoy engaging with the vibrant local community. They will have clear plans and vision for this business which must be demonstrated by way of a business plan. The vision is that this pub should be the home from home for the local community with strong reasons to visit, a strong rhythm of the week, and a compelling food offer – including a famously traditional Sunday lunch offer.
Key financials
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Reference Number:
IU3WDL / P01009
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Agreement Type:
Tenancy
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Min Ingoing Cost:
£20,000.00
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Annual Rent:
TBC
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent: £TBC
Security Deposit: £5,000
Working Capital: £10,000
Stock: £5,000
F&F: Upon valuation – funding options may be available for the right licensee.