Bird & Bush, Luton - Sales Share Agreement

Bird & Bush, Luton - Sales Share Agreement

  • Bird & Bush, Luton - Sales Share Agreement gallery image
  • Bird & Bush, Luton - Sales Share Agreement gallery image
  • Bird & Bush, Luton - Sales Share Agreement gallery image
  • Bird & Bush, Luton - Sales Share Agreement gallery image
  • Bird & Bush, Luton - Sales Share Agreement gallery image
  • Bird & Bush, Luton - Sales Share Agreement gallery image
Gallery View

Key Highlights

• Community pub in sought after residential area on northern outskirts of Luton.
• Large open lounge bar, featuring dining and games areas with approx 90 covers.
• Fully equipped catering kitchen.
• 90/10 wet/food split with undoubted potential to grow food sales.
• 3 bedroom family accommodation.

Pub Overview

The Bird & Bush is located in a residential area on the northern outskirts of Luton. The town centre is only 2 miles away and can be easily accessed from the M1 or A6. The pub serves customers from the residential estates to the northern end of Luton.

The Bird & Bush is well connected with the local community and features Sports TV, live music events and pub games. The quality of the wet led entertainment is in need of a refresh to keep the reasons to visit strong. The quality of the current food offer is in need of developing to drive strong and sustainable sales amongst the current & new clientele, local residents and destination trade. The Fair maintainable turnover is £6,250 net a week on a 80/20 wet/food split.

 

 

 

Suitable Applicants

This opportunity would suit a strong, experienced operator with catering skills. Applicants must be committed to driving new wet activity and enhancing the food offer. In addition, they will need to be committed to providing great hospitality and engage with the local community.

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. 10.000
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. Note - If the business is to be run as a limited company, personal guarantors from each company director are required. 6,000
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 750
Working Capital Minimum working capital required 2700
ANTICIPATED RETAINED INCOME
Drink Sales 260,000
Food Sales 65,000
Room Sales N/A
Gaming Machines TBC

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) 4,530
Accountancy Services fees for a nominated accountant 3,870
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum 960
Rent In the region of (payable monthly in advance)
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Sales Share Agreement
Hancock Drive, Luton, Bedfordshire, LU2 7SF
Destination community wet
Total Investment 5k - 15k
Potential Partner Profit £24,900
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team