Gallery View
Key Highlights
- Vibrant village pub with loyal and regular trade
- Potential for property development
- Large & attractive pub garden
- Close to both Central Milton Keynes & Northampton
- Great starter site with payment plan option for fixtures and fittings
Pub Overview
This is a popular village pub with a good local reputation for it's real ales and simple traditional food, which is served throughout the week at lunchtime and evenings. The offer is enhanced in the summer with an especially large and attractive garden which attracts families from outlying areas. Pool and darts are a popular feature while live sports and regular music events provide the activity.
Suitable Applicants
This site would suit a hands on operator, committed to providing great hospitality and able to engage with the local community. The ideal candidates will have an appreciation of the commercial and financial skills required to operate their own business, an interest in developing the food trade and an ability to drive sales through a range of activities.
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 |
£25,000 |
|
Security Deposit Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co |
£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 |
£480 |
|
Working Capital Minimum working capital required |
£6,000 |
|
Stock & Glassware In the region of to cover the value of opening stock |
£5,000 |
|
Valuers Fee In the region of (paid to valuer) for valuing fixtures and fittings. |
£800 |
|
Advanced Rent In the region of (usually 1 month) |
£2,166 |
|
Fixtures & Fittings Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est) |
£16,000 |
Ongoing Costs
|
Service Charge Payable monthly, to include: Cellar cooling service, Extract clean, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). Electrical Test (tenancies only) |
£4,480 p/a |
|
Accountancy Services Fees for a nominated accountant (in the region of) |
£3,283 p/a |
|
Stocktaking Services Six professional stocktakes per annum recommended |
£1.302 p/a |
|
Rent In the region of (payable monthly in advance) |
£26,000 p/a |
Pub Details
Is this the pub for you?
Please ring 01234 244453 to speak with our recruitment team!
