Gallery View
Key Highlights
- Recently invested to a high standard with great kerb appeal
- Commercail kitchen in place to support food growth
- Great beer garden suitable for families and relaxing in the sunshinex
- Close proximity to the renowned Stoke Mandeville Hospital
- Tasteful decoration throughout the internal trade space
Pub Overview
The Bell is a great example of a local community pub with the opportunity to build strong links with the local community being positioned in the heart of the village. The pub is in very close proximity to the local school giving a great opportunity for engaging with local families and with new build estates in progress the demographic is only getting stronger. The pub is a superb example of a turn key operation in great condition and ready to trade from day 1 giving the potential Tenant the opportunity to successfully trade from the start and with the added benefit to gain from the demands of the various trading sessions throughout the week.
* The Pub demise contains the pub, garden & car park but the additional land to the rear of the pub will not form part of the agreement. The Landlord also reserves the right to retain part of the car park for the installation of EV charging bays.
Suitable Applicants
The ideal tenant will be an experienced pub operator with experience in menu development and food execution.
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 |
£30,400 |
|
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 |
£450 |
|
Working Capital Minimum working capital required |
£10,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,000 |
|
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) |
TBC |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
50% |
|
Food Sales FMT |
50% |
|
Accommodation FMT |
0% |
|
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) |
£4,000 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,468 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,471 p/a |
|
Rent In the region of (payable monthly in advance) |
£32,000 p/a |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
