Old Crown Inn Wigston
46 Moat Street, Wigston, LE18 2GDAgreement Type: Investment Tenancy
View details for Old Crown Inn Wigston
Bulls Head Blaby
Lutterworth Road, Leicester, LE8 4DN
Pub Code: 2301884101
Key Features
- Great location
- Established wet led business
- Small courtyard for outdoor trading
- Car park
- Private accommodation
Est Min Ingoing Costs: £10,429
Annual Rent: £23,147
More Information
Iconic Blably pub
What would you do with this pub to make it even more of a success?
The area
The Bulls Head is located in the town of Blaby, 5 miles from Leicester City Centre. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 5 pubs found in an area of around 3,000 adults. The diverse customer base is reflected by the location and mixed housing styles, with a broad demographics from young 1st time renters through to retirees.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a competitive 100% wet led offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via the introduction of an eclectic drinks mix. It currently offers a selection of cask ales 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 similar hospitality business. They will have a clear vision for their 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
- Main trading area with bar
- 30 internal covers
- 20 external covers
- Smart Dispense
- Small courtyard for outside trading
- Car park with 6 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 23,147 |
| Estimated Annual Turnover | £ 291,738 |
| Deposit | £ 5,787 |
| Estimated Fixtures & Fittings Value | £ 7,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 21,287 |
| Estimated Minimum Ingoing Costs | £ 10,429 |
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.
Downloads
Location:
Lutterworth Road, Leicester, LE8 4DN
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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