THE ABINGDON ARMS is owned by the community FOR THE BENEFIT OF THE COMMUNITY
WHAT IS A COMMUNITY PUB?
A community pub is one that is truly owned by the community. The community buys shares in a community organisation – in this case the Beckley & Area Community Benefit Society Ltd – which purchases, owns and then appoints a tenant to run the pub on behalf of the community. People who have bought shares in the Society become Members, or part-owners, of the pub and have a say in the future decisions about the pub by electing a management committee and voting at Annual General Meetings.
WHY A COMMUNITY PURCHASE OF THE PUB?
Community ownership means we can create the kind of pub we want – a flourishing community hub for us and future generations.
Theres is also potential for The Abingdon Arms to be "more than a pub" for Beckley and the local community: we could extend the range of facilities offered and make fuller use of the community-owned pub building and garden by starting a local shop, café, art gallery, or useful collection and delivery point (see our business plan for more information).
WE'RE NOT THE FIRST
A community pub isn't a new idea. There are now over 50 community pubs across the UK that are open and trading. There are four successful community pubs not far from us: The Bull at Great Milton; The Plough at Great Haseley; The Seven Stars at Marsh Baldon; and The Red Lion at Northmoor. Community shares are used to finance all sorts of other community ventures too like shops, food schemes, renewable energy projects, and even football clubs. The Abingdon Arms is now the fifth community-owned pub in Oxfordshire.
WHAT WILL You GET OUT OF INVESTING?
The main reason for investing is to secure the long-term future of the Abingdon Arms as a viable community pub. We all want a place to meet friends and socialise, have a drink or meal, or to take our families. This is not an exercise to generate large profits for members or to 'grow' your investment. The primary return on your investment will be a flourishing village pub for the community. In addition, you may earn a small amount of interest and your liability will be limited.
As a member of the Society, you will also have a say in future decisions about the pub. What you won't get are windfall profits or any share value increase.
We firmly believe the business will be profitable but, in the unlikely event that it isn't, the Society owns a valuable asset – the building and the land associated with it – which could be sold to return funds to investors.
Your investment is in the buildings and the land, not the licensed business. That will be the responsibility of the tenant.
For more information, see our share prospectus here.