Gallery View
Key Highlights
• Prominent road side location with high volume daily passing traffic
• Beautifully presented contemporary trade areas with circa 90 covers
• Circa £52,000 achievable profit along with a well established turnover base to build on
• Large garden areas, ample parking and quality 4-bedroom private accommodation
• Opportunity to rent the Fixtures and Fittings over the term of agreement
Pub Overview
The White Horse has established itself as a popular destination for both locals and those venturing from further afield, with a quality reputation for traditional pub food and perfectly presented cask ales. The pub is well connected with the local community and features regular entertainment, charity events and functions which all help to enhance the trade.
Current website: https://www.thewhitehorsebedford.co.uk
Suitable Applicants
This is an ideal business for an experienced operator with high standards and the knowledge of running a premium pub business offering great beer, wine, coffee and food in a contemporary setting with excellent levels of service and hospitality. Applicants must also have an appreciation of the commercial and financial skills required to operate their own business and a proven ability to drive sales.
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 |
£27,533 |
|
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 |
£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 |
£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 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 |
£4,333 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£30,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales |
|
|
Food 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) |
£3,108 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,000 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1.610 |
|
Rent In the region of (payable monthly in advance) |
£52,000 |
Pub Details
Could this be the pub for you?
Please ring 01234-244453 to speak with our recruitment team
