The Bear, Rugby - Sales Share Agreement

The Bear, Rugby - Sales Share Agreement

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Key Highlights

Details coming soon...

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.
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.
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.
Valuers Fees In the region of(paid to valuer) for valuing fixtures and fittings.Minimum working capital required
Training Course Fees   per person(payable to Wells & Co. Ltd) 5 day  induction course mandatory for all licensees – NB £800 for two people
Administration Fee In the region of(payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement
Advance Rent In the region of(usually 1 month) 
Working Capital Minimum working capital required
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. 
ANTICIPATED RETAINED INCOME
DEMO DEMO £2000
DEMO DEMO £ 2000

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)
Accountancy Services fees for a nominated accountant
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Bilton Lane, Long Lawford , Rugby, Warwickshire, CV23 9DU
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