The Foresters Arms, Bedford

The Foresters Arms, Bedford

  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
  • The Foresters Arms, Bedford gallery image
Gallery View

Key Highlights

  • Over £500,000 net annual turnover achieved
  • Recently benefitted from a huge investment in all trade areas and back of house
  • Very well equipped catering kitchen and ample external storage
  • One bar serving all areas of the business allowing operating costs to be easily managed
  • Payment plan for Fixture and Fittings offered to the successful business operator

Pub Overview

The business has recently benefited from a huge capital investment in all areas of the trade and back of house facilities. Its now presented as a quality neighbourhood premium community local pub, serving locally brewed cask ales and a modern contemporary food offering. Sat in the heart of a very desirable residential area of Bedford and just a short walk from the town centre, there is a fantastic opportunity for a passionate community operator to take full opportunity of a well run and established business. The pub benefits from seating for 38 covers and a very well presented 50 cover patio for al fresco dining, supported by a fully equipped modern trade kitchen and basement cellar. Whether guests are looking for a quiet morning coffee, a spot of lunch, a few drinks with friends or a place to celebrate a birthday, The Foresters Arms is a great place to visit offering something for everyone!

Suitable Applicants

The Foresters Arms would suit an experienced, successful community focused operator with the drive to maintain the pub’s current high level of customer service and footfall. Strong commercial, marketing and financial skills are a must, along with the commitment to 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 24,108
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 8,500
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
Working Capital Minimum working capital required 8,000
Stock & Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock 3,500
Valuers Fee In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required 800
Advanced Rent In the region of (usually 1 month) - negotiable 2,808
Fixtures & Fittings  Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment 34,000
ANTICIPATED RETAINED INCOME
Drink Sales 78%
Food Sales 22%
Room Sales

Ongoing Costs

Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) 2,245
Accountancy Services fees for a nominated accountant 2,600
Stocktaking Services Six professional stocktakes per annum 1,600
Rent In the region of (payable monthly in advance) 33,700
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

41 Union St, Bedford, Bedfordshire, MK40 2SF
Community local
Total Investment 20k - 30k
Enquire About This Pub

Could this be the pub for you?

Call our recruitment team on 01234-244453