Watts Arms - Sales Share Agreement, Hanslope

Watts Arms - Sales Share Agreement, Hanslope

  • Watts Arms - Sales Share Agreement, Hanslope gallery image
  • Watts Arms - Sales Share Agreement, Hanslope gallery image
  • Watts Arms - Sales Share Agreement, Hanslope gallery image
  • Watts Arms - Sales Share Agreement, Hanslope gallery image
  • Watts Arms - Sales Share Agreement, Hanslope gallery image
  • Watts Arms - Sales Share Agreement, Hanslope gallery image
  • Watts Arms - Sales Share Agreement, Hanslope gallery image
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Key Highlights

  • Ready for a new challenge in your career?
  • Feeling constrained in your current role?
  • Excited to unlock your potential?
  • Vibrant village pub with a core of regular trade
  • Large, attractive pub garden

Pub Overview

Located in the charming Buckinghamshire village of Hanslope, a short distance from both Milton Keynes and Northampton, the Watts Arms is a popular village pub with a strong reputation locally for quality beer and an unpretentious yet high quality ‘pub grub’ food menu. Popular year round, the pub really comes alive in the summer months, when its extensive garden plays host to large gatherings of friends and families seeking to soak up some rays and enjoy a drink or bite to eat. The Watts Arms is also renowned amongst its loyal local following for its events; live sports and regular music nights bring the pub to life, while pool and darts are consistent favourites with the locals.

Suitable Applicants

The Watts Arms deserves a community-minded operator with a ‘hands-on’ approach to pub life. The pub’s manageable size might make it a great option if you’re new to the pub trade, while there remains considerable potential to build on its already consistent trade via an injection of commercial and financial know-how.

Financial Overview

ANTICIPATED RETAINED INCOME

We estimate the income from this pub would be as follows:

Drink Sales

32%

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

95%

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

100%

Gaming Machines

50% of profit

 

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 Pub Company and held to cover credit and rental charges. Note - If the business is to be run as a limited company, personal guarantors from each company director are required. The bond specified is for a sole trader agreement. If its below £10,000 it will rise to that amount for a limited company.

£6,000

 

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.

£750

Minimum Working Capital Required 

£2,700

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

£10,000

 

Ongoing Costs

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)

£2,629 pa

Accountancy Services in the region of
fees for a nominated accountant

£3210 pa

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

£960 pa

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

Pub Details

Sales Share Agreement
Castlethorpe Road, Hanslope , Buckinghamshire, MK19 7LG
Community local
Total Investment 5k - 15k
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team