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Key Highlights
• Traditional village pub with strong local reputation
• Opportunity to enhance food sales via quality catering kitchen
• Charming ‘secret patio’ area
• Profit potential in the region of £18000 per year
• Payment plan available for fixtures and fittings
Pub Overview
A destination community food business with a strong reputation locally for unpretentious yet delicious, freshly-prepared food, The Cock Inn forms a natural centrepiece to the pretty Buckinghamshire village of North Crawley. This 16th Century traditional English pub boasts two bars and a cosy function room with space for 20 covers; its quality food offer is complemented by a well-kept selection of delicious real ales. Already popular with locals, walkers in the area and visitors from neighbouring villages, there exists potential to enhance The Cock Inn’s offer still further via a live music and events programme.
Suitable Applicants
Prospective operators for The Cock Inn should possess excellent food skills, outstanding customer service standards and the ability and motivation to create a consistently great village pub experience for the people of North Crawley and beyond. Marketing know-how would also pave the way for the introduction and promotion of a regular events schedule.
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. |
£21,700 |
|
Security Deposit In the region of: (paid in advance to Wells & Co. Ltd) held to cover credit and rental charges. Returnable at the end of the agreement. |
£6,000 |
|
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. The successful applicant must reply upon the valuation provided by their appointed lice |
£20,000 |
|
Stock and Glassware In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock. |
£4,000 |
|
Valuers Fees In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Training Course Fees Per person (payable to Wells & Co. Ltd) 5 day CRISP 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 |
|
Advance Rent In the region of (usually 1 month) |
£TBC |
|
Minimum Working Capital Required |
£10,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only) |
£2,392pa |
|
Accountancy Services Fees for a nominated accountant |
£2,600pa |
|
Stocktaking Services We recommend all licensees should have six professional stocktakes per annum |
£1,560pa |
|
Rent In the region of (payable monthly in advance) |
£18,000pa |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team
