Gallery View
Key Highlights
- Well positioned road side location just outside the town centre
- Fantastic well presented outdoor area suitable for al fresco dining
- Well equipped catering kitchen and ample external storage
- One bar serving all areas of the business allowing operating costs to be easily managed
- 50% off 1st two months rent
- Payment plan for Fixture and Fittings offered to the successful business operator
Pub Overview
The Foresters is presented as a quality neighbourhood premium community local pub, serving locally brewed cask ales and a modern contemporary food offering. Sat in the heart of a very desirable residential area of Bedford and just a short walk from the town centre, there is a fantastic opportunity for a passionate community operator to take full opportunity of a well run and established business. The pub benefits from seating for 38 covers and a very well presented 50 cover patio for al fresco dining, supported by a fully equipped modern trade kitchen and basement cellar. Whether guests are looking for a quiet morning coffee, a spot of lunch, a few drinks with friends or a place to celebrate a birthday, The Foresters Arms is a great place to visit offering something for everyone!
Suitable Applicants
The Foresters Arms would suit an experienced, successful community focused operator with the drive to maintain the pub’s current high level of customer service and footfall. Strong commercial, marketing and financial skills are a must, along with the commitment to providing fantastic hospitality.
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 |
£25,241 |
|
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 |
£10,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
|
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 |
|
Working Capital Minimum working capital required |
£8,000 |
|
Stock & Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£3,500 |
|
Valuers Fee In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required |
£800 |
|
Advanced Rent In the region of (usually 1 month) - negotiable |
£2,541 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£28,500 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
70% |
|
Food Sales |
30% |
|
Room Sales |
n/a |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
3,753 |
|
Accountancy Services fees for a nominated accountant |
4,254 |
|
Stocktaking Services Six professional stocktakes per annum |
960 |
|
Rent In the region of (payable monthly in advance) |
30,500 |
Pub Details
Could this be the pub for you?
Call our recruitment team on 01234-244453
