Gallery View
Key Highlights
- Prominent location on A5 next to the Grand Union canal
- 7 letting rooms in large detached building
- Attractive canal side garden and large car park
- Large bar and dining area with conservatory
- 4-bed private live-in accommodation
- External kerb appeal scheme approved and planned
Pub Overview
The property is a detached three storey building with a tiled roof and large car park and garden which looks over the canal. There are large internal and external trading areas with log burners and a separate conservatory area which can be used for private functions. Outside in a separate block there are seven ensuite letting rooms.
Suitable Applicants
This site would suit a hands on experienced operator with good knowledge of providing a high level of food and hospitality, including letting rooms. An operator with a good knowledge of marketing who can drive food and wet sales to this already popular venue.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
Security Deposit Paid in advance to Wells & Co. Ltd, held to cover credit and rental charges. Returnable at the end of the agreement. |
£15,125 |
|
Administration Fee Payable to Wells & Co. Ltd in advance, to cover e.g. premises license changes, solicitors fees, and agreement. |
£500 |
|
Minimum Working Capital Required Minimum working capital required |
£10,000 |
|
Stock and Glassware Paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£6,000 |
|
Valuers Fees (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent One week rent in advance |
£1,163 |
|
F&F 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. |
TBC |
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£33,588 |
Ongoing Costs
|
Service Charge Includes: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£116 p/w |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£430 p/m |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£157 p/m |
|
Rent In the region of (payable weekly in advance) |
£60,500 p/a |
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.
Downloads
Business BrochurePub Details
Watling Street, Stowehill, Northampton, Northamptonshire, NN7 4RZ
Destination food
Total Investment
30k - 40k
Are you looking for a canal side pub?
Call 01234-244453
