Crown Flitwick
Station Road, Bedford, MK45 1LAAgreement Type:
Foundation Tenancy
View details for Crown Flitwick
Lion & Lamb Daventry
Lion & Lamb Daventry
12, High Street, Daventry, NN11 4HT Pub Code: 0020573101
Pub Code: 0020573101
Foundation TenancyEst Min Ingoing Costs: £9,839
Annual Rent: £16,066
Attractive New Deal - Discounted rent in your first year of only £8,033 per annum exclusive.
The Lion & Lamb is located on the high street in the town of Daventry. The pub is surrounded by restaurants bars and shops and commercial premises nearby.
The pub benefits from being one of 12 pubs found in an area of around 2,142 adults. The main customer base is made up of employed adults over 45 years old.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via, selection of pubs games, such as pool and darts and pub games machines.
Trading Area & Facilities
- One bar operation
- 50 internal covers
- 50 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Large garden
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£32,517
Estimated Minimum Ingoing Costs
£9,839
Annual Rent
£16,066
Estimated Annual Turnover
£396,007
Deposit
£4,017
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:
12, High Street, Daventry, NN11 4HT
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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
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