Gallery View
Key Highlights
• Popular wet-led community pub
• Town centre location at the top of the high street
• Great reputation amongst local sports fans
• Profit potential in the region of £30,500 per year, plus gaming income
• Payment plan available for fixtures and fittings
Pub Overview
The Plough is a friendly, traditional pub in the heart of Stony Stratford, near Milton Keynes. Enjoying a prominent location near the town’s high street, its thoughtful selection of real ales, wines, spirits and soft drinks is complemented by a popular food offer, with its delicious and great value breakfasts a particular hit amongst its loyal regulars.
Suitable Applicants
The Plough would benefit from an experienced couple with strong personalities and entrepreneurial flair to develop the existing trade, especially through calendar events. Knowledge of the local area and the ability to engage with the community would be ideal.
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. |
£20,953 |
|
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. |
£7,000 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£3,500 |
|
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) |
£2753 |
|
Working Capital Minimum working capital required |
£6,000 |
|
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. |
£20,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,740pa |
|
Accountancy Services fees for a nominated accountant |
£4,010pa |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£1,600pa |
|
Rent In the region of (payable monthly in advance) |
£28,000pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
