Gallery View
Key Highlights
- Up to £100,000 development investment planned
- Well presented with great kerb appeal and parking on site for patrons
- Commercial kitchen in place to support food offer and growth
- Good external space for drinking & dining including room for Marquee
- Picturesque location with destination appeal but still close to residental areas in Bricket Wood
- Private accommodation comprising of a self contained 3-bed flat with kitchen and bathroom
Pub Overview
The Gate is very well presented village pub finished to a high level and ready to accelerated trade with a well equipped commercial kitchen, large garden to the rear and good sized car park to the side. The pub is a single bar operation that offers a relaxed and inviting customer experience. The Garden to the rear has space for a marquee and also has an outside bar to support fair weather trading. The Pub has a friendly layout creating a very warm and cosy atmosphere.
Suitable Applicants
Experienced pub operators are required with experience in both the wet and food side of the pub business.
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 |
£30,000 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£11.250 |
|
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 |
£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) |
£3,750 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£20.000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales 60% |
|
|
Food Sales 40% |
|
|
Accommodation 0% |
|
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable weekly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£4,000 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,254 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,356 |
|
Rent In the region of (payable weekly in advance) |
£40,000 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team or submit an enquiry form.
