Gallery View
Key Highlights
- Attractive canal side pub with garden overlooking the water
- Quality Neighbourhood pub with growing food and wet business
- Great location within a densely populated area in Milton Keynes
- Fresh food menu concept
- Opportunities to drive trade through community events
Pub Overview
The pub is already popular amongst locals for both food and drink. The current menu consists of freshly made traditional pub food, and by concentrating on quality and value for money, there is room to develop this further.
The New Inn is a busy community local pub which is 70% wet & 30% food, split into equal sized bar and dining areas, served by a central bar.
Suitable Applicants
The pub would benefit from a varied amount of hospitality experience. The ideal operator will need a strong personality and entrepreneurial flair to develop the existing trade, especially the food. Local knowledge of the area and the ability to engage with the community is vital. A great understanding of marketing and an interest in developing a calendar of events would be essential t ensure growth and success.
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 |
£25,500 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£10,000 |
|
Administration Fee In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement |
£480 |
|
Working Capital Minimum working capital required |
£6,500 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£5,500 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£2,020 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£25,000 |
Ongoing Costs
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,254 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,356 p/a |
|
Rent In the region of (payable monthly in advance) |
£24,250 p/a |
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, maintenance (tenancies only) & Electrical Test (tenancies |
£3,335 p/a |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.
