Gallery View
Key Highlights
- Stunning main road Cotswold pub and restaurant set in 0.9 acres
- Characterful beamed bar with log burner and 60 covers add to the initial impression
- Separate restaurant which doubles as a function room for over 40 covers
- FOUR bed owners accommodation
- Expansive gardens and car park
Pub Overview
The internal trade areas of this business comprise of three dining areas, having a total of approximately 100 covers, with a wealth of period charm including original exposed beams and flagstone floor. There is easy access to the restaurant, which can double up as a function area for private parties as well as double door access to the rear trade garden offering an additional 75 covers. Externally the business offers the potential for wedding events and private functions of a similar nature, with ample room for external marquees which could be situated in the rear overflow car park.
Suitable Applicants
This business represents a great opportunity for an experienced catering couple or multiple site retailers who are committed to providing a first class pub/dining experience, with excellent customer service skills and an interest in hosting events.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
Security Deposit Paid in advance to Wells & Co. Ltd, held to cover credit and rental charges. Returnable at the end of the agreement. |
£10,000 |
|
Administration Fee Payable to Wells & Co. Ltd in advance, to cover e.g. premises license changes, solicitors fees, and agreement. |
£430 |
|
Minimum Working Capital Required Minimum working capital required |
£10,000 |
|
Stock and Glassware Paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£3,000 |
|
Valuers Fees (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent One month rent in advance |
£2,458 |
|
F&F 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. |
£30,000 |
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£26,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
40% |
|
Food Sales |
60% |
|
Accommodation |
n/a |
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Includes: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£5,200 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,900 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,472 p/a |
|
Rent In the region of £2,500 p/m |
£29,500 p/a |
Downloads
Business BrochurePub Details
Is this the pub for you?
Call to discuss on: 01234 - 244453
