Gallery View
Key Highlights
- Detached pub in the beautiful village of Ashby St Ledger recently refurbished
- 70 dining covers in a rustic trading area with open fires
- 17 well presented ensuite letting guest rooms
- Garden and courtyard for al fresco dining
- Plenty of customer parking
Pub Overview
Refurbished in 2019 the Olde Coach house is set in the beautiful village of Ashby St Ledgers near Rugby. The pub boasts a large bar and restaurant area with flagstone floors, low beams and open fires, outside you will find a large garden and stunning courtyard area. This beautiful venue boasts 17 guest rooms so would suit an experienced operator.
From the demographic data taken in a 2km radius, the target audience for this venue are of high affluency. Potential guests are looking for a great quality food offer served by professional staff at good prices. They like to wine and dine out with a great selection of beers in upmarket casual dining venues when the opportunity arises.
Suitable Applicants
This site would suit a experienced destination food operator who also has experience in letting rooms, therefore the successful partner would need good around hospitality skills and be used to running a business of similar nature.
From the demographic data taken in a 2km radius, the target audience for this venue are of high affluency. Potential guests are looking for a great quality food offer served by professional staff at good prices. They like to wine and dine out with a great selection of beers in upmarket casual dining venues when the opportunity arises.
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 |
£37,825 |
|
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) |
£16,875 |
|
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 |
£15,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£6,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) - negotiable |
£5,625 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£45,000 |
ANTICIPATED RETAINED INCOME
|
Drink Sales FMT |
28% |
|
Food Sales FMT |
37% |
|
Accommodation FMT |
35% |
|
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) |
£390.00 p/m |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£347.50 p/m |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£140.00 p/m |
|
Rent In the region of (payable monthly in advance) |
£67,500 p/a |
Pub Details
Could this be the pub for you?
Please ring 01234 244453 to speak with our recruitment team.
