The Star & Garter, Wellingborough

The Star & Garter, Wellingborough

  • The Star & Garter, Wellingborough gallery image
  • The Star & Garter, Wellingborough gallery image
  • The Star & Garter, Wellingborough gallery image
  • The Star & Garter, Wellingborough gallery image
  • The Star & Garter, Wellingborough gallery image
  • The Star & Garter, Wellingborough gallery image
  • The Star & Garter, Wellingborough gallery image
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Key Highlights

  • Traditional village ‘local’ with a strong reputation
  • Attractive and prominent property on busy B645
  • Fully equipped commercial kitchen with established food trade
  • Fair Maintainable Profit potential of £26,891, plus gaming machine Income
  • Payment plan available for fixtures and fittings

Pub Overview

A centrepiece of village life in Chelveston, the Star & Garter has an integral part of its local community for over 300 years. This stone-built, two-roomed listed building features a seated area to the front of the pub as well as a garden to the rear offering 44 additional covers to take full advantage of the sunnier months. A car park to the rear of the pub is complemented by ample parking to the front next to the small green.

The pub has a strong reputation for its food offer amongst both the villagers of Chelveston and residents of nearby Wellingborough; its excellent menu is complemented by an ever-evolving selection of cask ales, wine, spirits and soft drinks. All these elements, combined with the pub’s regular events programme, combine to make the Star & Garter a golden opportunity for the right individual.

Suitable Applicants

The Star & Garter would benefit from an operator with catering know-how, focused on delivering consistently great customer service and building on the pub’s centuries-old role at the heart of Chelveston village life. Marketing knowledge will be essential in broadening awareness of the pub amongst a wider regional demographic to complement its strong local following.

*The Star & Garter is currently awaiting its new Energy Performance Certificate*

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

£6,250

 

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.

£18,000

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

£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.

£550

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)   

£2,500

Minimum Working Capital Required 

£10,000

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

£24,950

 

Ongoing Costs

Rent in the region of
(payable monthly in advance)

£25,000

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)

£2,007 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

The Green, Chelveston, Wellingborough, Northamptonshire, NN9 6AJ
Destination community wet
Total Investment 20k - 30k
Potential Partner Profit 25k pa
Enquire About This Pub

Call us to discuss this pub

Please ring 01234 244453 to speak with our recruitment team