Gallery View
Key Highlights
- The Ranelagh is the HUB of the community
- Sports teams including 4 Darts, 2 Pool 2 Crib & 1 bar billiards
- Secret Garden and Sports TV
- In excellent condition
- 2 large double bed flat with office
Pub Overview
The Ranelagh is without doubt the Heart and Hub of the community where all customers feel safe and welcome.
The current operator has built and incredible community spirit, which has raised over £200,000 for charity over the last twenty years (Mainly for MacMillan Cancer Support and RNLI).
There are a number of events through the year, recognised in a presentation evening in Oct./Nov every year.
Apart from showing TV Sports the community supports 9 sports teams based at the Ranelagh Arms including 4 Darts, 2 Pool, 2 Crib and 1 Bar Billiards.
Suitable Applicants
An operator who has the passion to look after the pub like its their home and the community surrounding the Ranelagh. You will need to show your natural enthusiasm to be personally involved in the community and the charity fund raising, and continue the mantel of the current operator.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
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APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings |
£23,500 |
|
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 |
£480 |
|
Working Capital Minimum working capital required |
£5,625 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings |
£920 |
|
Advanced Rent In the region of 1 weeks rent |
£432 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£15,000 |
ANTICIPATED RETAINED INCOME
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Drink Sales % |
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Food Sales % |
|
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Accommodation 0% |
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FMT = Fair Maintainable Trade |
Ongoing Costs
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Service Charge Payable monthly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£74 pm |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£70 pm |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£26 each |
|
Rent In the region of (payable weekly in advance) |
£432 pw |
Pub Details
Is this the pub for you?
Call our recruitment team on 01234-244453
