Gallery View
Key Highlights
- Central location in the large village of Bromham with a population of over 5,000
- A much loved village pub with strong local following and fantastic reputation for quality food and well kept beers
- Fully equipped commercial catering kitchen with generous storage
- Beer garden to the rear with quaint front patio area ideal alfresco dining
- Three bedroom domestic accommodation
- Payment plan available for fixtures and fittings
Pub Overview
Prized by locals for its great beer range, delicious pub food and ever-evolving events programme, the Prince of Wales would benefit from an experienced operator keen to immerse themselves in community life and cement the pub’s reputation as the place to be in this renowned Bedfordshire village. Pubs such as the Prince of Wales form the cornerstone of village life so if the idea of becoming the site’s figurehead appeals to you, we’d love to meet you!
Suitable Applicants
Suitable applicants need to have the creativity to offer an appealing pub food menu and be willing to build the business with plenty of activities. They will also be keen to be involved with the community to maximise their profile and to be totally immersed in the pub to maintain its position in the community.
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 |
£21,200 |
|
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 |
£400 |
|
Working Capital Minimum working capital required |
£7,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£3,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£2,645 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£17,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
75.5% |
|
Food Sales FMT |
24.5% |
|
Accommodation FMT |
n/a |
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, maintenance (tenancies only) & Electrical Test (tenancies |
£3,685 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,146 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,472 p/a |
|
Rent In the region of (payable monthly in advance) |
£31,750 p/a |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team or submit an enquiry form.
