Gallery View
Key Highlights
• Pub interior and exterior currently undergoing refurbishment
• Open plan, community pub in sought after residential area on northern outskirts of Luton
• Fully equipped catering kitchen with an opportunity to grow food sales
• 3 bedroom family accommodation
• Ideal opportunity for a manager looking for their own first pub business
• BII Membership
Pub Overview
Whilst the current Bird & Bush is known in the local community as a wet led pub which features Sports TV, DJ’s and pub games we believe that in order to attract the local Bushmead residents that the pub requires a refurbishment and a change to its traditional offering. The pub should be a popular community venue with traditional pub activities supported by a fresh food offering at affordable prices. In order to move away from the reputation of the previous offering, we are also proposing a name change, to The Round Bush, so that the pub can have a totally fresh start.
Suitable Applicants
The ideal operator/s must have a strong and welcoming personality with the ability to build strong relationship with local community groups.
The confidence to manage a strong bar trade providing a safe place for all guests combined with the ability to juggle food and wet trade and lead a team by example to deliver very high standards would be highly advantageous. Experience with marketing and financial skills is also essential.
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. |
£7,920 |
Security Deposit Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required together with a personal guarantee for all directors |
6,000 |
Stock & Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£0 |
Valuers Fee In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£0 |
Advanced Rent In the region of (usually 1 month) - negotiable |
£0 |
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£0 |
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£550 |
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£370 |
Working Capital Minimum working capital required |
£1,000 |
ANTICIPATED RETAINED INCOME
Drink Sales FMT |
£354,900 |
Food Sales FMT |
£182,000 |
Gaming Machines FMT |
£3,846 |
FMT = Fair Maintainable Trade |
Total: £540,746 |
Ongoing Costs
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£3,796 |
Accountancy Services Fees for a nominated accountant |
£4,254 |
Stocktaking Services Six professional stocktakes per annum |
£0 |
Rent In the region of (payable monthly in advance) |
£0 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.