Gallery View
Key Highlights
• Centrally located in the popular affluent village of Ashwell
• Stylish one bar operation with 40 covers and a separate restaurant/function facility capable of seating 60 covers
• Very attractive garden with a new decking area, popular with the local residents
• Three months commercial rent free
• Payment for fixtures and fittings delayed for three months from ingoing
Pub Overview
This destination community pub attracts custom from the residents of Ashwell and its surrounding villages. It has been operated to a very high standard by the current operators who have a passion for delivering a fantastic pub experience for all their loyal and local consumers. There is also great opportunity to further utilise the large function room for hosting private parties, supper clubs and as a meeting room for local groups.
Suitable Applicants
This is an ideal opportunity for retailers who have experience of operating a destination community food business with a reputation for consistently good quality food. In order to maximise the sites potential, it is of paramount importance that applicants are community oriented and understand the importance of also sustaining community wet led trade.
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. | £23,700 |
| 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. | £9,000 |
| Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. | £5,000 |
| Valuers Fees In the region of(paid to valuer) for valuing fixtures and fittings.Minimum working capital required | £800 |
| Training Course Fees per person(payable to Wells & Co. Ltd) 5 day 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) | £304 |
| Working Capital Minimum working capital required | £8,000 |
| 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. | £27,000 |
Ongoing Costs
| Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) | £1,820 |
| Accountancy Services fees for a nominated accountant | £2,600 |
| Stocktaking Services We recommend all licensees should have six professional stocktakes per annum | £1,560 |
| Rent In the region of (payable monthly in advance) | £36,500 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
