Gallery View
Key Highlights
- Affluent town centre location
- 55 internal dining covers
- 5 letting bedrooms
- Well equipped commercial kitchen
- Payment Plan available for Fixtures and Fittings
Pub Overview
Originally a 19th century cottage and brewhouse, the Fir Tree Inn has been providing great food, drink and a comfy bed for the weary travellers since 1850. The pub offers great quality home made food, a full selection of beers and wine, including locally brewed Cask Ales. With five letting bedrooms, the Fir Tree offers the perfect place to stay for business customers or those exploring the local area.
Suitable Applicants
The ideal applicant should be committed to providing excellent hospitality to existing and new customers, along with having a passion to engage with the local community to drive a range of weekly activities. Experience of retail catering and room lettings would be 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. |
23,720 |
|
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. |
7,500 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
4,000 |
|
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) |
2,520 |
|
Working Capital Minimum working capital required |
8,000 |
|
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. |
34,000 |
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 |
2,600 |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
1,560 |
|
Rent In the region of (payable monthly in advance) |
30,250 |
