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Key Highlights
- Ideal opportunity for first-time applicants
- Traditional thatched pub with loads of character
- Fully equipped catering kitchen
- Potential investment to be discussed
- Payment plan available for fixtures and fittings
Pub Overview
Hailing from the 17th Century and complete with wooden beams, a thatched roof, an enchanting open fire and buckets of ‘olde world’ charm, the Half Moon is a shining example of a cosy, traditional, rural English pub. Loved by the local walkers and cyclists that frequent the many footpaths and bridleways in close proximity, the pub also enjoys regular custom from visitors to Grendon Lakes, a popular nearby camping and water sports facility.
With its personality split amicably between thriving country restaurant and cosy local watering hole, the Half Moon’s reputation for quality cask ale is matched by its unpretentious yet delicious menu of traditional pub fare. If the idea of becoming the Half Moon's figurehead and an important part of the village community appeals, we would love to hear from you.
Suitable Applicants
The Half Moon would benefit from an operator with solid catering experience and a desire to immerse themselves in community life in the charming village of Grendon. Marketing know-how will be vital, as there exists considerable potential to enhance awareness of all the pub has to offer amongst a wider demographic.
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. | £16,700 |
| Security Deposit In the region of - paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement. | £6,000 |
| 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 lice | £15,000 |
| Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. | £2,500 |
| Valuers Fees In the region of (paid to valuer) for valuing fixtures and fittings. | £800 |
| Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people | £500 |
| 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 |
| Advance Rent In the region of (usually 1 month) | £TBC |
| Minimum Working Capital Required | £6,500 |
Ongoing Costs
| Rent In the region of (payable monthly in advance) | £16,700pa |
| Service Charge in the region ofPayable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) | £1,820pa |
| Accountancy Services Fees for a nominated accountant | £2,600pa |
| Stocktaking Services We recommend all licensees should have six professional stocktakes per annum | £1,560pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
