Gallery View
Key Highlights
- Nil premium new lease offered
- 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 and 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) |
£30,000 |
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.
