The Prince of Wales, Ampthill

The Prince of Wales, Ampthill

  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
  • The Prince of Wales, Ampthill gallery image
Gallery View

Key Highlights

  • Large detached listed character property in the heart of Ampthill, Bedfordshire with 2-bed private accommodation
  • 5 en-suite letting rooms
  • Popular garden areas ideal for alfresco dinning
  • Warm attractive trade areas consisting of a bar and separate restaurant area
  • Main road position with car parking for up to 8 cars

Pub Overview

Enjoying a prime location in the heart of affluent Ampthill, the Prince of Wales is a beautiful red brick town inn with an enduring reputation for great hospitality.  Between its welcoming traditional interior and extensive two-tier garden, the pub accommodates up to 70 diners, with five individually designed en-suite rooms adding to its earning potential.

The Prince of Wales enjoys considerable footfall as a key landmark on Ampthill’s busy high street, bolstered by a large supermarket adjacent to the pub. Furthermore, with easy access to the M1 and the population of Bedford & Milton Keynes just a short drive away, there exists considerable potential to build on the site’s already strong reputation as a destination dining venue.

The Prince of Wales has the potential to reach a fair maintainable turnover of £411,206 net per annum with a 33/50/17 spilt wet/dry/accommodation while sustaining a £35,000 rent.

Suitable Applicants

The Prince of Wales has much to offer operators with the background and vision to take full advantage of its strong reputation, great location and inviting look and feel. Experience of operating letting rooms and a busy food-led business is essential, while the skillset to develop and market bespoke lunch and evening menus will create new opportunities for the business. Strong commercial and financial skills are required, complemented by a passion for providing fantastic hospitality.

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. 24,666
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. 9,000
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. 3,000
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 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 400
Advance Rent In the region of (usually 1 month)  2,916
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.  35,000
ANTICIPATED RETAINED INCOME
Drink Sales £3,200 p/w
Food Sales £4,900 p/w
Room Sales £1,600 p/w

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) 35,000
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

26 Bedford Street, Ampthill, Bedfordshire, MK45 2NB
Destination community food
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