INVESTMENT

1. Why community ownership instead of a private buyer?

• Community ownership protects the asset long-term

• Decisions are made democratically

• Surpluses stay in the village

• Prevents redevelopment or closure

2. What happens if we don’t raise enough money?

• We have a staged funding plan

• Grants and ethical lenders provide additional support

• If the minimum share target isn’t reached, funds are returned

3. Will volunteers replace paid staA?

• No. Volunteers add value but do not replace jobs

• The operator will employ professional staF

• Volunteers support events, gardening, maintenance, etc.

4. What are the risks?

• As with all community shares, capital is at risk

• We mitigate risk through:

o Professional operator

o Conservative financial modelling

o Contingency planning

o Strong governance

5. How will decisions be made?

• One-member-one-vote

• Members elect the management committee

• Major decisions require member approval

6. Will investors receive interest?

• Interest may be paid once the business is sustainable

• This is not a speculative investment

• The primary return is social impact

7. What’s the timeline?

• Share oFer launch

• Grant submission

• Acquisition

• Refurbishment

• Reopening

8. Who will run the pub day-to-day?

• A professional operator selected through a transparent process

• Clear contract, KPIs, and community expectations

9. What if the operator leaves?

• We will have:

o A robust operator agreement

o Succession planning

o A shortlist of alternative operators

10. How can people get involved beyond investing?

• Volunteering

• Skills-based support

• Joining working groups

• Becoming ambassadors for the project

"#$%& Financial Appendix (Template for Your Numbers)

Once your model is finalised, we can drop the exact figures in.

For now, here’s the structure: investors expect.

1. Acquisition Costs

Item Estimated Cost

Freehold purchase £X

Legal & professional fees £X

Surveys & valuations £X

2. Refurbishment & Compliance

Item Estimated Cost

Essential repairs £X

Kitchen upgrades £X

Accessibility improvements £X

Fire & safety compliance £X

Contingency £X

3. Working Capital

Item Estimated Cost

Opening stock £X

StaF & operator onboarding £X

Marketing & launch £X

4. Funding Mix

Source Amount Status

Community shares £X Planned

Grants £X In preparation

Ethical lenders £X Under discussion

Donations/sponsorship £X Early interest

5. Operating Forecast (Years 1–5)

Year Revenue Costs Surplus/Deficit

Year 1 £X £X £X

Year 2 £X £X £X

Year 3 £X £X £X

Year 4 £X £X £X

Year 5 £X £X £X

6. Key Assumptions

• Conservative revenue projections

• Operator-led staFing model

• Seasonal variation accounted for

• Contingency built into all major cost lines

7. Sensitivity Analysis

• Best-case scenario

• Base-case scenario

• Stress-tested scenario