The Round Bush, Luton
Refurbishment underway - formally Bird & Bush

The Round Bush, Luton

  • The Round Bush, Luton gallery image
  • The Round Bush, Luton gallery image
  • The Round Bush, Luton gallery image
  • The Round Bush, Luton gallery image
  • The Round Bush, Luton gallery image
  • The Round Bush, Luton gallery image
  • The Round Bush, Luton gallery image
Gallery View

Key Highlights

• Pub interior and exterior currently undergoing refurbishment

• 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

• Ideal opportunity for a manager looking for their own first pub business

Pub Overview

Whilst the current 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, to The Round Bush, so that the pub can have a totally fresh start.

Suitable Applicants

The ideal operator/s must have a strong and welcoming personality with the ability to build strong relationship with local community groups.

The confidence to manage a strong bar trade providing a safe place for all guests combined with the ability to juggle food and wet trade and lead a team by example to deliver very high standards would be highly advantageous. Experience with marketing and financial skills is also essential.

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.
£7,920
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 
6,000
Stock & Glassware
In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock
£0
Valuers Fee
In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required
£0
Advanced Rent
In the region of (usually 1 month) - negotiable
£0
Fixtures & Fittings
 Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment
£0
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
£370
Working Capital
Minimum working capital required
£1,000
ANTICIPATED RETAINED INCOME
Drink Sales
FMT
£354,900
Food Sales
FMT
£182,000
Gaming Machines
FMT
£3,846

FMT = Fair Maintainable Trade
Total: £540,746

Ongoing Costs

Service Charge
Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)
£3,796
Accountancy Services
Fees for a nominated accountant
£4,254
Stocktaking Services
Six professional stocktakes per annum
£0
Rent
In the region of (payable monthly in advance)
£0
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 Mainstream
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.