Gallery View
Key Highlights
- A beautiful traditional village pub with a separate bar and restaurant which can double up as a function facility
- Real open fires adding to its charm, providing a typically English pub experience
- A large well maintained pub garden allowing alfresco dining or a relaxing drink
- Ample pub parking, with the addition of a large plot of land, perfect for festivals or private functions
- 2-bed private accommodation
- Payment plan for Fixtures and Fittings may be offered to the ideal partner
Pub Overview
A beautifully appointed traditional bar area with open fires and wooden beams with 20 covers suitable for all drinking and dining occasions, along with this there is also a separate 40 cover restaurant area facing the garden which can also double up as a function room. To the rear of the property there is a very well maintained garden leading onto ample parking.
Suitable Applicants
This business would ideally suit a couple with catering experience, however we would consider a single operator. In both cases the retailer would have the ability to quickly integrate into the local community and have the skill /knowledge to market the business to a wider target consumer.
Wells & Co will only grant a tenancy to a limited company. All Directors of the limited company will be required to provide a personal guarantee.
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 |
£25,366 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business 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 |
£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 |
£6,000 |
|
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 |
£2,666 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£22,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,950 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,050 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,560 |
|
Rent In the region of (payable monthly in advance) |
£32,000 |
Could this be the pub for you?
Please ring 01234-244453 to speak with our recruitment team
