Ashby Tavern Hinckley

Ashby Road, Hinckley LE10 1SL

  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley
  • Ashby Tavern Hinckley

Ashby Tavern Hinckley

Vibrant Community Local

Ashby Tavern is a vibrant community local pub, situated in a suburban area on a main artery road into Hinckley town centre. 10 Minutes from the A5 running from M69 to Tamworth. Hinckley Town centre, football ground and Golf Club all within 10 minutes drive. The offer is drink only and offers a mainstream range. However, there is opportunity to introduce a basic snack offering such as filled cobs, scotch eggs, pork pies etc. The pub benefits from having entertainment, sports viewing with SKY & BT sports. Good gaming offer supporting local teams, pool and machines income. The beer garden is a real plus, offering the opportunity for outside trade, an area for customers to relax and enjoy a refreshing pint.


Would suit an experienced traditional publican with ability to operate a small food offer

Immerse yourself in the local community and engage with the locals to make the Ashby Tavern the beating heart of the community. Experience of offering entertainment with a working knowledge of the local music scene along with experience in pouring cask ales would be beneficial . Ideally suited to someone from the surrounding area who is familiar with Hinckley and its residents.

Pub Features

  • Rolling Tenancy
  • Business Start-Up Agreement
  • Music Venue
  • Car Parking
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the pub is serviced by one main horseshoe bar with open plan trading area throughout. there is a small area to the rear of the bar that can be used to prepare hand held food. In good decorative order with comfortable seating throughout. Toilets to the rear of the property with basement cellar.


Externally there is a Beer garden and car parking for 20 cars, making it easily accessible.

Private Accommodation

First floor is currently used and habitable, second floor is locked off and unused. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.


Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 12:00 - 23:30

Financials

Annual Rent £
25,500
Estimated Annual FMOP (Licensee Profit) £
37,966
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
292,286
Estimated Annual Barrelage
244

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
5,360
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
490
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
14,045
Estimated Minimum Ingoing Costs £
10,320

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased