Black Horse, Princess Risborough

The Black Horse pub located in the beautiful picturesque village of Lacey Green in the Wycombe district, near Princess Risborough in Buckinghamshire. The pub is predominantly positioned on the main road through through Lacey Green creating an abundance of passing trade. This affluent village is made up of residential houses and businesses including local amenities such as primary schools, a church and a recreation sports centre.

Pub Layout

The Black Horse trades as a traditional village community local with a mixed retail offer which also attracts residents from neighbouring villages.  Renowned for its excellent home-cooked meals, including beloved Sunday lunches, the pub also boasts a rotating selection of ales and an extensive range of drinks.  This family-friendly establishment features a dedicated children’s play area and warmly welcomes dogs. Traditional pub games and community events are a staple, fostering strong local engagement. After years of dedicated stewardship, the current licensee is retiring, leaving behind a thriving business with a loyal customer base. The new licensee will have the opportunity to uphold and build upon the esteemed reputation of the Black Horse.

Private Accommodation

The private accommodation is located on the first floor and consists of three bedrooms, small office/additional bedroom, lounge, kitchen and family bathroom.

Annual Rent: £27,000

Security Deposit: £5,000

Working Capital: £4,000

Stock: £3,000

Business Rates: £Nil.  Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.

Fixtures and Fittings: To be confirmed upon valuation –  funding options may be available for the right licensee.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

Admiral Taverns are looking for a licensee(s) who will become part of the community and attract both regular customers but also capitalise on changes to a more premium offer and become known further afield for its good food. The garden which is a key asset for the pub is also an opportunity to explore further use through the seasons including public events and functions.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.  Please note, this only applies to pubs marked with an Asterix *