Gallery View
Key Highlights
- Centrally located in the popular affluent village of Ashwell
- Stylish one bar operation with 40 covers and a separate restaurant/area capable of seating 60 covers
- Small investment planned to enhance the exterior, including signage and improvements to the very attractive garden with a decking area
- Fantastic opportunity to grow sales by developing the food business
- 1st month rent free and support to rebuild the pub to FMT trade levels
Pub Overview
This destination community pub attracts custom from the residents of Ashwell and its surrounding villages. It has been operated to a very high standard by the current operators who have a passion for delivering a fantastic pub experience for all their loyal and local consumers. There is also great opportunity to develop a food offer in the main pub and utilise the large function room for hosting private parties, supper clubs and as a meeting room for local groups.
Suitable Applicants
This is an ideal opportunity for retailers who have experience of operating a destination community food business with a reputation for consistently good quality food. In order to maximise the sites potential, it is of paramount importance that applicants are community oriented and understand the importance of also sustaining community wet led trade.
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 |
£21,700 |
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 |
£7,500 |
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) |
£0 |
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£22,000 |
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) |
£117 pw |
Accountancy Services Fees for a nominated accountant (in the region of) |
£82 pw |
Stocktaking Services Six professional stocktakes per annum recommended |
£26 pw |
Rent In the region of (payable weekly in advance) |
£36,500 pa |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team.