Gallery View
Key Highlights
- 3 months free rent - saving £6,625 & BII Membership
- 1st year rent inc rent free period £9,375
- Prominent location in Shefford on the High Street
- Affluent and up and coming town close to A1(M)
- Recently refurbished
- Car park, garden, patio & outdoor smoking area
Pub Overview
The Bridge is a two bar operation with lounge to the front and a more community based bar to the rear with multiple TVs and a live entertainment setup to offer additional ways to engage with customers of all ages and interests.
While The Bridge is already well known and loved amongst its local community, with the opportunity to develop food sales further at the site we are now looking for an operator with the vision to recognise all the sites potential and the ambition to release the next chapter in it's history & to utilise all its facilities including the beer garden.
Suitable Applicants
Hands on & experienced retailers, committed to providing great hospitality and able to engage with the local community. The ideal applicant will have an appreciation of the commercial & financial skills required to operate their own business, an ability to drive sales through a range of activities and an interest in developing food as part of the overall business.
Wells & Co will only grant a tenancy to a limited company. All Directors of the limited company will be required to provide a personal guarantee.
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 |
£20,000 |
|
Security Deposit Payable in advance to Wells to cover any charges incurred by your business |
£10,000 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day induction course mandatory for all licensees – NB £800 for two people |
£0 |
|
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 |
£6,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£3,250 |
|
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) |
£0 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£16,270 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
|
|
Food Sales FMT |
|
|
Accommodation FMT |
|
|
FMT = Fair Maintainable Trade |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,692 |
|
Accountancy Services fees for a nominated accountant |
£3,025 |
|
Stocktaking Services Six professional stocktakes per annum |
£1,200 |
|
Rent In the region of (payable monthly in advance) |
£26,500 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
