• Full internal and external refurbishment planned in 2022
• Open plan, community pub in sought after residential area on northern outskirts of Luton
• Fully equipped catering kitchen with an opportunity to grow food sales
• 3 bedroom family accommodation
• Payment plan available for new and existing fixtures and fittings
Whilst the Bird & Bush is known in the local community as a wet led pub which features Sports TV, DJ’s and pub games we believe that in order to attract the local Bushmead residents that the pub requires a refurbishment and a change to its traditional offering. The pub should be a popular community venue with traditional pub activities supported by a fresh food offering at affordable prices. In order to move away from the reputation of the previous offering, we are also proposing a name change so that the pub can have a totally fresh start.
The ideal applicant must have the ability to engage with the local community, host traditional pub activities and provide a fresh food offering. Experience in a similar venue and an entrepreneurial approach to marketing is important to ensure that the retail offer is well promoted in the local area.
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.||25,204|
|Security Deposit Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required together with a personal guarantee for all directors||8,500|
|Stock & 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 Fee In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required||800|
|Advanced Rent In the region of (usually 1 month) - negotiable||Neg|
|Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment||25,000|
|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||354|
|Working Capital Minimum working capital required||10,000|
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)||1,820|
|Accountancy Services fees for a nominated accountant||3,000|
|Stocktaking Services Six professional stocktakes per annum||2,610|
|Rent In the region of (payable monthly in advance)||34,000|
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.