Blacksmiths Loughborough

47 Wards End, Loughborough LE11 3HB

  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough

Blacksmiths Loughborough

Ideal Location

Blacksmiths is situated closely to the Loughborough University and town centre, making it an ideal location for an operator to run a pub in an area with high levels of students and young people living in the vicinity.

Currently the Blacksmiths offers a small range of food, pub games and live sport. The future offer of this pub will focus on refreshing the food offer, it would benefit from an affordable good quality pub menu to appeal to students and locals. Blacksmiths also has a function room and a sports area that can be further utilised especially to big groups.

Great Opportunity for a Passionate Operator

This site would ideally suit a competent food operator who has good marketing skills that has the ability to capitalise on the full trade potential Blacksmiths has to offer.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Live Sports
  • Outdoor Trade
  • Smoking Area
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Internally, Blacksmiths offers an open plan trading area, a sports area and a function room. This site has a good sized catering kitchen that can produce great pub grub up to 80 covers.

Externally, there is an outdoor trading area. There is not a car park, however there is plenty of street parking nearby.

Private Accommodation

The private accommodation at Blacksmiths consists of three bedrooms, lounge, kitchen, bathroom and an office. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 12:00 - 22:30

Financials

Annual Rent £
19,250
Estimated Annual FMOP (Licensee Profit) £
24,873
Representative HEINEKEN UK Brand Discount Per Barrel £
185
Estimated Annual Turnover £
307,207
Estimated Annual Barrelage
195

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 £
5,035
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
4,813
Rent In Advance £
370
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
17,583
Estimated Minimum Ingoing Costs £
11,969

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 £
1,525
Estimated Annual Maintenance Compliance Charge £
1,095
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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