Beckley & Area Community Benefit society Limited (BACBS)

BUSINESS PLAN

We prepared a detailed business plan for the purchase and ownership of The Abingdon Arms in 2016. For full details, click following link: BUSINESS PLAN

PROFIT

The Society's revenue comes from leasing the pub to the appointed tenant. Any profits (i.e. once operating expenses such as mortgage repayments, property maintenance, and professional fees have been paid) will be used for:

• Making modest interest payments to shareholders – up to 2% above Bank of England base rate (once the business is running successfully and has sufficient surpluses, hopefully from year 4)

• Improving and developing the pub

• Buying back shares from time-to-time from shareholders who wish to withdraw them

• Other community investments to be agreed by the Beckley & Area Community Benefit Society Ltd and its Members