Gallery View
Key Highlights
- Prominent location in Bilton, Rugby, close to large residential estate
- Excellent patio and childrens' play area
- Large, open plan trading area with log burner and around 60 covers
- Good sized trade kitchen and back of house facilities
- Payment plan available for fixtures and fittings
Pub Overview
The Bear represents an enticing opportunity to take on a popular community-focused local pub, to build on the wet trade and to develop the food offer significantly as there is currently a large untapped market for this. Located on the edge of Bilton, within easy reach of the Rugby's sizeable population, The Bear occupies a prominent location and has a good roadside presence and substantial car park making it viable as a destination business as well as serving the local community.
Suitable Applicants
The Bear would suit operators committed to providing great hospitality, with a desire to engage with their local community, enhance the pub’s food offer and build a strong reputation for live sports and community activity. Financial know-how is required to maximise the pub’s profit potential, as is marketing experience in order to promote The Bear's events programme to the wider area.
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. |
£29,533 |
|
Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement. |
£10,000 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£4,500 |
|
Valuers Fees In the region of(paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£800 |
|
Training Course Fees per person(payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£500 |
|
Administration Fee In the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£400 |
|
Advance Rent In the region of(usually 1 month) |
£3,333 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Fixtures and Fittings Estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. |
TBC |
Ongoing Costs
|
Rent In the region of (payable monthly in advance) |
£40,000 |
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,761 |
|
Accountancy Services fees for a nominated accountant |
£2,600 |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£1,600 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
