What We need to Do
In order to reopen The Racehorse we will need money. Costs include purchase price, legal fees, refurbishment, purchase of stock, staff costs, disposables. Where possible,we will be looking to make savings on some of these things - for example asking people to give their time for free to refurbish, clean and serve in the pub. We still believe we need a minimum of £300,000 to be successful. That's a significant amount of money, but it has been done many times across the country.
How we plan to raise the money
Our strategy will involve financing from grants, loans and individuals in the community. We plan to have a shares issue, where you can buy your own shares in The Racehorse. We are working on this plan, with advice, right now. We will be looking to use good practice from other successful community pub ventures.