Gallery View
Key Highlights
- Prominent road side location on the busy A6 road between Bedford and Milton Ernest
- Picture postcard, traditional inn full of character with very large gardens flanking the river Ouse
- Real open log fire place and wooden beams add to the initial first impression
- New external decking area adjacent to the restaurant ideal for alfresco dining
- Payment plan available for the fixtures and fittings purchase
- Large 4-bed private accommodation
Pub Overview
The internal trade areas of this business comprise of three dining areas, having a total of eighty covers, one bar operation and a new decking area with thirty covers. The garden is large enough for a possible further one hundred covers. Key features include a real open fire place and low wooden beams, full of charm and character. This layout is ideal for both private dining and functions. Externally the business offers the potential for wedding events and private functions of a similar nature, with ample room for external marquees.
Suitable Applicants
This business represents a great opportunity for an experienced catering couple or multiple site retailers who are committed to providing a first class pub/dining experience, with excellent customer service skills.
Financial Overview
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|
Security Deposit Paid in advance to Wells & Co. Ltd, held to cover credit and rental charges. Returnable at the end of the agreement. |
£12,500 |
|
Administration Fee Payable to Wells & Co. Ltd in advance, to cover e.g. premises license changes, solicitors fees, and agreement. |
£430 |
|
Minimum Working Capital Required Minimum working capital required |
£10,000 |
|
Stock and Glassware Paid to the outgoing licensee on the day of changeover) to cover the value of opening stock |
£3,000 |
|
Valuers Fees (paid to valuer) for valuing fixtures and fittings |
£800 |
|
Advanced Rent One month rent in advance |
£4,125 |
|
F&F 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. |
£35,000 |
|
APPROXIMATE TOTAL Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings. |
£30,855 |
Ongoing Costs
|
Service Charge Includes: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) |
£5,200 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£4,900 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1,472 p/a |
|
Rent In the region of £4,000 p/m |
£49,500 p/a |
Downloads
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