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RegisterHorse & Groom Rearsby
Horse & Groom Rearsby
1783, Melton Road, Leicester, LE7 4YS Pub Code: 2301851101
Pub Code: 2301851101
Investment TenancyEst Min Ingoing Costs: £34,689
Annual Rent: £24,756
Major refurbishment to community-led village pub
The Horse & Groom offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with The Horse & Groom to make it even more of a success?
The area
The Horse & Groom is located in Rearsby, Leicestershire. Rearsby is a village known for its rich blend of industrial history, particularly in aviation and automotive manufacturing, alongside notable historical landmarks. It sits close to the city of Leicester in the Charnwood district and offers good access to local amenities and countryside.
Rearsby is a peaceful village in the Charnwood Borough of Leicestershire, characterised by a high rate of home ownership, an older population and a strong community spirit. There are approximately 1,034 people within a 10-minute walk of The Horse & Groom and around 2,030 within a 20-minute walk. There is no competing pub in the immediate village.
The offer
The Horse & Groom is available on our investment tenancy agreement. Click here for more information on this agreement.
This scheme will breathe fresh life into the great foundations it already has, attracting more people and creating a true hub of the community.
The Horse & Groom will appeal to multiple customer groups including couples, families, drinkers and diners. It will operate as a local pub while also pulling people in from surrounding villages. Following the full refurbishment, the pub will offer a stunning venue with a real community feel and spirit. With a well-marketed offer, quality product, a wide range of drinks, and live music and events, it will provide something for all and become a true hub of the community.
We’re always open to new ideas. What would you do to drive trade at The Horse & Groom?
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 The Horse & Groom will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and 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
The Horse & Groom will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the refurbishment details in the downloads.
The Horse & Groom’s trading areas and facilities post-refurbishment will be:
- Lounge bar area
- Sports bar area
- Private and secure outdoor trade area
- Pub games
- Catering kitchen
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
The Horse & Groom has no private accommodation.
Estimated Total Ingoing Costs
£34,689
Estimated Minimum Ingoing Costs
£34,689
Annual Rent
£24,756
Estimated Annual Turnover
£328,702
Deposit
£6,189
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
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:
1783, Melton Road, Leicester, LE7 4YS
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To 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
