Gallery View
Key Highlights
- Town centre pub very close to amenities and Warwick Castle
- 15th century traditional pub with fantastic period charm and features
- Stunning large garden to the rear with plenty of seating and outside catering
- Tourist hot spot
- Established drink and food trade which can be enhanced
Pub Overview
The New Bowling Green is popular with locals and visitors and has built up a loyal trade with residents and people working in the town centre. The pub offers a good mix of Wells craft brews and an opportunity to grow food sales with the right operator. The extensive walled garden is a prized asset and drives trade in the summer months.
Suitable Applicants
This business would suit an experienced operator who has good hospitality skills and the vision to drive sales. Owing to the location and trading style, experience of a premium food and drink offer is essential so this site can build on food and wet sales in the day. It would suit a focused operator with good marketing skills - although we are here to assist. A new up to date website will be required.
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 |
£28,365 |
|
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) |
£8,749 |
|
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 |
£10,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£5,000 |
|
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 |
£2,916 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£25,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
70% |
|
Food Sales FMT |
30% |
|
Accommodation FMT |
n/a |
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£4,062.33 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£197 p/m |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,200 |
|
Rent In the region of (payable monthly in advance) |
£35,000 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.
