Bird & Bush, Luton

Bird & Bush, Luton

  • Bird & Bush, Luton gallery image
  • Bird & Bush, Luton gallery image
  • Bird & Bush, Luton gallery image
  • Bird & Bush, Luton gallery image
  • Bird & Bush, Luton gallery image
Gallery View

Key Highlights

• 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

Pub Overview

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.

Suitable Applicants

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.

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. 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
Drink Sales 70%
Food Sales 30%
Gaming Machines

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 3,000
Stocktaking Services Six professional stocktakes per annum 2,610
Rent In the region of (payable monthly in advance) 34,000
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Hancock Drive, Luton, Bedfordshire, LU2 7SF
Neighbourhood Modern
Total Investment 20k - 30k
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team.