The Spread Eagle, Northampton

The Spread Eagle, Northampton

  • The Spread Eagle, Northampton gallery image
  • The Spread Eagle, Northampton gallery image
  • The Spread Eagle, Northampton gallery image
  • The Spread Eagle, Northampton gallery image
  • The Spread Eagle, Northampton gallery image
  • The Spread Eagle, Northampton gallery image
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Key Highlights

  • Prominent high street location with great kerbside presence
  • Established, profitable business with loyal customer base
  • Attractive and well cared for bar area offering a flexible trading space
  • Enclosed rear courtyard patio area
  • Payment plan available for fixtures and fittings

Pub Overview

The Spread Eagle presents an enticing opportunity to take on a popular community-focused local pub. Located on the Wellingborough Rd, within easy reach of Northampton town centre, the pub forms a key part of the area’s local social scene, with numerous other local bars, pubs and restaurants helping to attract customers from across the region.

With an established level of trade already in place thanks to the previous long-term operator, a catering kitchen and an enclosed rear patio area, the pub attracts a varied clientele; loyal locals drawn by the range of food and Charles Wells ales on offer are joined by weekend visitors attracted by the pub’s strong local reputation for live entertainment. 

Suitable Applicants

The Spread Eagle would suit operators committed to providing great hospitality, with a desire to engage with their local community, enhance the pub’s food offer and build upon its already strong reputation for live music and entertainment. Marketing know-how to promote this events programme is a must, as is a desire to uphold the high service standards for which the pub has long been renowned.

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 Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement, or £10,000 if Ltd company

£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 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 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.

£450

Advance Rent in the region of
(usually 1 month)   

£TBC

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.

£22,000

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£21,000

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)

£2,045 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

£1,560 pa

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

Pub Details

147 Wellingborough Road, Northampton, Northamptonshire, NN1 4DX
Community local
Total Investment 20k - 30k
Potential Partner Profit 21k pa
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team