Horse & Groom Rearsby
1783 Melton Road, Leicester, LE7 4YSAgreement Type: Foundation Tenancy
View details for Horse & Groom Rearsby
Britannia Inn Queniborough
Main Street, Leicester, LE7 3DB
Pub Code: 2301883101
Key Features
- Picturesque village setting
- Pub Classic Menu
- Small courtyard for outdoor drinks
- Car park
- Private accommodation
Est Min Ingoing Costs: £16,821
Annual Rent: £39,848
More Information
Traditional village pub in a picturesque setting.
What would you do with this pub to make it a success?
The area
The Britannia Inn is located in the village of Quenisborough, sitting between Syston and Rearsby in the Northeast of Leicester City. The pub is surrounded by non-estate, residential housing.
The Horse & Groom is situated adjacent to the Britannia which is predominantly a wet-led business.
The pub benefits from being one of 2 pubs found in an area of around 640 adults. The main customer base is made up of mature couples, retirees and mature families .
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 50/50 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via the classic pub dining menu. It offers a selection of cask ales, coffees, and popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Small snug bar
- Open-Plan restaurant/dining area
- 70 internal cover
- 12 external cover
- Well-equipped, induction catering kitchen
- Smart Dispense
- Small Courtyard to the side of the pub
- Car Park with 12 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 39,848 |
| Estimated Annual Turnover | £ 662,102 |
| Deposit | £ 9,962 |
| Estimated Fixtures & Fittings Value | £ 37,195 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 60,657 |
| Estimated Minimum Ingoing Costs | £ 16,821 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Main Street, Leicester, LE7 3DB
More properties in this region
Three Crowns Barrow upon Soar
2 Cotes Road, Loughborough, LE12 8JSAgreement Type: Foundation Tenancy
View details for Three Crowns Barrow upon Soar
Wheel Inn Oadby
99 London Road, Leicester, LE2 5DPAgreement Type: Investment Tenancy
View details for Wheel Inn OadbyTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download