The Duck on the Pond, Long Itchington

The Duck on the Pond, Long Itchington

  • The Duck on the Pond, Long Itchington gallery image
  • The Duck on the Pond, Long Itchington gallery image
  • The Duck on the Pond, Long Itchington gallery image
  • The Duck on the Pond, Long Itchington gallery image
  • The Duck on the Pond, Long Itchington gallery image
  • The Duck on the Pond, Long Itchington gallery image
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Key Highlights

  • Prominent roadside location with large car park
  • Recently refurbished, offering ample dining space over two distinct areas
  • Renowned locally for al fresco dining in its attractive front garden
  • New trade kitchen to be installed to your specification
  • Payment plan available for fixtures and fittings

Pub Overview

Following an extensive refurbishment in 2016, the Duck on the Pond has established itself as one of the premier dining destinations in the region. Situated in a prominent roadside location in the delightful village of Long Itchington between Southam and Coventry, the pub has broadened its appeal beyond its loyal local following to attract regular visits from residents of Daventry, Warwick, Rugby and Leamington Spa, all of which are within easy driving distance.

A central bar with feature fireplace divides the pub’s two distinct dining areas; a formal dining room is offset by a more casual dining area that has proved a hit with local walkers and their dogs. Interior space for at least 80 covers is complemented by a beautiful front decking area and an ample car park. The trade kitchen is due for redevelopment, giving a new operator the opportunity to tailor the specification. 

Suitable Applicants

A couple or team with demonstrable catering experience and a great front-of-house manner will flourish in the Duck on the Pond. Strong commercial and financial skills are required, complemented by a passion for providing fantastic hospitality.

Financial Overview

ANTICIPATED INVESTMENT REQUIRED

We estimate the Investment required for this pub would be as follows:

Security Deposit in the region of
(paid in advance to Charles Wells Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company

£8,750

 

Fixtures and Fittings estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid.

TBC

Stock and Glassware in the region of
(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.

£4,500

Valuers Fees in the region of
(paid to valuer) for valuing fixtures and fittings.

£800

Training Course Fees per person
(payable to Charles Wells Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.

£500

Administration Fee in the region of
(payable to Charles Wells Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.

£400

Advance Rent in the region of
(usually 1 month)   

£2916.67

Minimum Working Capital Required 

£10000

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.

£27866.67

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£35,000 pa

Service Charge in the region of
Payable `onthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)

£1879 pa

Accountancy Services in the region of
fees for a nominated accountant

£2,600 pa

Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum

£1,600 pa

Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

The Green, Long Itchington, Warwickshire, CV47 9QJ
Potential Partner Profit 35k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team