Gallery View
Key Highlights
• Prominent street corner location in a heavily populated residential area
• Fantastic opportunity to develop and implement a small pub food offer
• One bar operation allowing reduced staffing costs
• Great local reputation with a comprehensive schedule of weekly activity in place
• Well appointed private 3 bed accommodation
Pub Overview
This well establish wet led pub is a one bar operation which includes a relaxed lounge area for customers to enjoy a tranquil drink, along with an area of vertical drinking where customers can enjoy the regular entertainment. There is a great opportunity to introduce a regular food offer to attract new consumers for a bite to eat, prolonging visit times and spend per head.
Suitable Applicants
The Burnaby Arms would suit a hands on operator committed to providing great hospitality and with the ability to engage with the local community. They would possess key skills to drive sales through a range of engaging weekly activities and have an interest in developing and implementing a traditional small food offer.
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 |
£16,866 |
|
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 |
|
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 |
|
Working Capital Minimum working capital required |
£5,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£2,500 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) - negotiable |
£1,666 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£12,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£1,820 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£2,600 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,560 |
|
Rent In the region of (payable monthly in advance) |
£19.995 |
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
