The Watts Arms - Hanslope
The Watts Arms

The Watts Arms - Hanslope

  • The Watts Arms - Hanslope gallery image
  • The Watts Arms - Hanslope gallery image
  • The Watts Arms - Hanslope gallery image
  • The Watts Arms - Hanslope gallery image
  • The Watts Arms - Hanslope gallery image
  • The Watts Arms - Hanslope gallery image
Gallery View

Key Highlights

  • 1st month rent free £££ with further financial support for 6 months
  • 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
£22,280
Security Deposit
Payable in advance to Wells to cover charges incurred by your business - trading as a Ltd Co
£10,000
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)
£0
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£ est)
£12,000

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)
£3,146 p/a
Stocktaking Services
Six professional stocktakes per annum recommended
£1.472 p/a
Rent
In the region of (payable monthly in advance)
£25,000 p/a
Please note that these are estimated figures, given as a guide only. Goods and services may be subject to VAT.

Pub Details

Castlethorpe Road, Hanslope, Milton Keynes, Buckinghamshire, MK19 7LG
Destination community food
Total Investment 20k - 30k
Potential Partner Profit £29,000
Enquire About This Pub

Is this the pub for you?

Please ring 01234 244453 to speak with our recruitment team!