The Plan is to Open the Pub
So far a combined effort from many people comprising hundreds of hours of work:
| Milestones | Status |
|---|---|
| Engage and Consult Community | Completed |
| Produce Business Plan to demonstrate viability and sustainability | Completed |
| FCA – compliance certificate for share offer and approval to be a Community Benefit Society (CBS) | Completed |
| Join Cwmpas for assistance and advice on the share release, banking matters and setting-up the CBS | Completed |
| Join Co-operatives UK who provide the governance and rules for CBS status | Completed |
| Elect Interim Management Committee | Completed |
| Web-site | Completed |
| Prepare the Share Offer | In Progress |
| Announce the Share Offer | |
| Receive funding from Share Offer |
Making it work
Following a successful share offer, it will be possible to move onto the regeneration of the businesss. This will involve development of the business plan and further consultation with local community. However, the timetable is roughly as follows:
| Milestones |
|---|
| A Pre-Launch opening. A combination of a soft launch and open day events | Elect Management Committee from Membership and Shareholders |
| Modernise the pub toilets and kitchen facilities |
| Build 3 pods and shower block for camping-type accomodation |
| Re-Introduce catering/food/music |
| Introduce facilities for meeting rooms |
| Grand Opening |
Income Streams
The main idea is to make sustainable business that can stand-alone without any additional funding or any grants, but which also supports and enhances the local community.
Projections from our research show that a viable business can built around the following income streams :
| Bar | around 130K per annum |
| Accomodation | around 20K per annum |
| Catering | around 48K per annum |
| Events | around 31K per annum |
For full details of projected income and expenditure, please see our market research and business plan in the ‘Information’ section of this web site.