- New Sales Share agreement
- Opportunity to drive trade through community events
- Great reputation amongst local sports fans
- Town centre location next to Wolverton station
- Profit potential £28,895 plus gaming machine income
The North Western is a friendly, traditional pub in the heart of Wolverton, near Milton Keynes. Enjoying a prominent location on the town’s high street, its thoughtful selection of real ales, wines, spirits and soft drinks is complemented by a strong food offer, with its delicious and great value breakfasts a particular hit amongst its loyal regulars.
The pub is-L shaped, with a comfortable dining area to the front and a large bar area stretching down to a small courtyard garden. As the trading area is quite long and narrow, it can clearly be differentiated into different areas to support pub games, drinking and dining and TV events; sports fans regularly visit to watch the big match. Popular amongst local business and residents alike, the North Western has established itself as a hub and meeting place for the local community.
The North Western would suit a hands-on operator committed to providing great hospitality and motivated to engage with the local community. The ideal applicant will have the experience to build upon the pub’s already strong reputation for regular fun events, alongside the know-how to develop the food menu on offer.
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.||£11,000|
|Security Deposit Approximate figure, paid in advance to Wells & Co. Ltd held to cover credit and rental charges. Returnable at the end of the agreement.||£6,000|
|Training Course Fees per person(payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people||£550|
|Administration Fee in the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement.||£750|
|Working Capital Minimum working capital required||£3,700|
ANTICIPATED RETAINED INCOME
|Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)||£2,629|
|Accountancy Services fees for a nominated accountant||£3,210|
|Stocktaking Services We recommend all licensees should have six professional stocktakes per annum||£960|
Sales Share Agreement
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team