The Kelso, Loughborough

  • The Kelso, Loughborough gallery image
  • The Kelso, Loughborough gallery image
  • The Kelso, Loughborough gallery image
  • The Kelso, Loughborough gallery image
  • The Kelso, Loughborough gallery image
Gallery View

Key Highlights

- Established ‘late night venue’ in the heart of the towns busy night time trading area
- £70k+ potential partner profit
- Two-bar operation with potential to grow functions and private parties
- Roof terrace and fully equipped DJ booth
- Well-equipped bar, enabling a speedy cocktail service

Pub Overview

The Kelso has mainly been run as a late night venue, with DJs three nights a week. There are two bars; the main one on the street level, the second upstairs and links to the roof terrace. This could be used as part of normal trading area at the weekends or for private parties, for group bookings and organisations. The upstairs bar has a number of different sections that could be used as private or VIP areas.

Suitable Applicants

The Kelso deserves an astute and experienced nighttime operator who can get the venue back to its full potential following the pandemic. An understanding of both the local music scene and customer base will be key to ensuring a safe, dynamic and desirable experience for guests and staff alike. 

 

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. 44000
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. 19750
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. 6000
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)  6583
Working Capital Minimum working capital required 10000
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.  20000

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) 3077
Accountancy Services fees for a nominated accountant 4010
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum 1600
Rent In the region of (payable monthly in advance) 79000
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

The Kelso, Ward's End, Loughborough, LE11 3HA
Town centre – chameleon
Total Investment 40k - 50k
Potential Partner Profit £70k
Enquire About This Pub

Could this be the pub for you?

Please ring 01234 244453 to speak with our recruitment team