Gallery View
Key Highlights
- Great location on the busy Old Town High Street
- Commercial kitchen in place to support food offer and growth
- Generous external space for drinking & dining
- One bar operation helping reduce operational costs
- Recent full investment both internally and externally
- Private accommodation comprising a 2-bed self contained flat
Pub Overview
The Old School House is a very well presented pub due to a high level of recent investment. This business benefits from a large single bar layout reducing operational costs, 65 internal covers and 60 external covers surrounding the front of the pub, ideal for people watching! The pub also benefits from a catering kitchen, small car park, private courtyard and storage.
Suitable Applicants
Experienced pub operators required with experience in both the wet and food side of the pub business with the ability to compile and deliver a jam packed exciting calendar of events offereing customers a reason to visit.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£26,250 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£10,000 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£450 |
|
Working Capital Minimum working capital required |
£8,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£4,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£3,000 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£25,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£4,000 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,000 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,350 p/a |
|
Rent In the region of (payable weekly in advance) |
£36,000 p/a |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team or submit an enquiry form.
