Key Highlights • Attractive canal side pub with garden overlooking the water • Quality Neighbourhood pub with growing food and wet business • Great location within a densely populated area in Milton Keynes • Fresh food menu concept • Opportunities to drive trade through community events Pub Overview The pub is already popular amongst locals for both food and drink.
The current menu consists of freshly made traditional pub food, and by concentrating on quality and value for money, there is room to develop this further.
The New Inn is a busy community local pub which is 70% wet & 30% food, split into equal sized bar and dining areas, served by a central bar.
Property A large attractive brick pub on the side of the Grand Union Canal.
The front garden is secluded and offers waterside eating and drinking.
There is also an enclosed garden to the rear.
The ground floor has two separate trading areas, each serviced from a central bar.
The lounge bar can accommodate 32 covers and the bar & games area can accommodate approximately 27 covers.
From these trading areas there is access to the front garden overlooking the canal, with bench seating catering for over 60 covers.
The pub is serviced from a large basement cellar, trade kitchen on the first floor (dumb waiter to the ground floor), separate washup area on the ground floor along with an office and several storage areas.
On the first floor, accommodation consists of 1 bedroom, box room, living room, toilet and shower room.
Additionally, at ground floor level, there is a self-contained living room, bedroom and en-suite shower room.
Business Potential The Shadow P&L sets the Fair Maintainable weekly gross turnover of around £8,660 per week, with a wet to dry split of 70:30.
Sales at this level will support an FMT rent of £24,250.
Please note that these are Fair Maintainable figures and for guidance only.
For applicants interested in progressing to Business Plan stage, actual turnover information will be shared.
Suitable Applicants The pub would benefit from a varied amount of hospitality experience.
The ideal operator will need a strong personality and entrepreneurial flair to develop the existing trade, especially the food.
Local knowledge of the area and the ability to engage with the community is vital.
A great understanding of marketing and an interest in developing a calendar of events would be essential t ensure growth and success.