Gallery View
Key Highlights
- Traditional village ‘local’ with a strong reputation in the community
- Attractive and prominent property on the busy B645
- Fully equipped commercial kitchen with established food trade
- Fair Maintable Profit potential of £27,543 plus additional machine Income
- Payment plan available for fixtures and fittings
- First month free rent
Pub Overview
A centrepiece of village life in Chelveston, the Star & Garter has been an integral part of the local community for over 300 years. This stone-built, two-roomed listed building features a seated area to the front of the pub as well as a garden to the rear offering 44 additional covers to take full advantage of the sunnier months! A car park to the rear of the pub is in addition to ample parking to the front next to the small green.
The pub has a strong reputation for its food offer amongst both the villagers of Chelveston and residents of nearby Wellingborough. It's excellent menu is complemented by an ever-evolving selection of cask ales, wine, spirits and soft drinks. All these elements, together with the pub’s regular events programme, combine to make the Star & Garter a golden opportunity for the next operator.
Suitable Applicants
The Star & Garter would benefit from an operator with catering know-how, focused on delivering consistently great customer service and building on the pub’s centuries-old role at the heart of Chelveston village life. Marketing knowledge will be essential in broadening awareness of the pub amongst a wider regional demographic to compliment its already strong local following.
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 |
£23,367 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£6,500 |
|
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 |
£7,500 |
|
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) |
£2,167 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£16,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
74% |
|
Food Sales FMT |
26% |
|
Accommodation FMT |
0% |
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£2,980 pa |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£2,660 pa |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,200 pa |
|
Rent In the region of (payable monthly in advance) |
£26,000 pa |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team.
