Gallery View
Key Highlights
• Well located pub, situated on the busy A423 in the heart of the village
• Benefiting from a recent extensive refurbishment
• Good size site with 96 covers internally and well equipped kitchen
• 100 covers in the garden and good size car park
• Funds available for external redecoration
Pub Overview
The Duck on the Pond is a delightful looking pub, set back from the road with an attractive garden area, adequate parking and good size internal trading areas. The pub attracts both local custom and from further afield with the extensive food offer attracting trade especially during the evenings and weekends. In the summer months, the garden comes into extensive use and the pub has hosted local events and beer festivals in the past.
Suitable Applicants
This opportunity would suit experienced operators who have a desire and passion to build a strong food led business. Good catering and service skills together with the know how to grow sales and, most importantly, an ability to work well with guests and local communities.
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 |
£28,116 |
|
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 |
£10,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£4,000 |
|
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 |
£2,916 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment |
£30,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,580 |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£5,610 |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£700 |
|
Rent In the region of (payable monthly in advance) |
£35,000 |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.
