Merlin Andover

King Arthurs Way, Andover, Andover SP10 4BS

  • Merlin Andover
  • Merlin Andover
  • Merlin Andover
  • Merlin Andover
  • Merlin Andover
  • Merlin Andover
  • Merlin Andover
  • Merlin Andover

Merlin Andover

Vibrant Community Hub

Earmarked for major £150k investment from Star Pubs & Bars, The Merlin is currently a community focused pub that sits in the middle of large residential estate, enjoying an exclusive target market as a result. Due to its prime residential position, this pub could easily become a family friendly local.

Well known locally for its regular events, entertainment and karaoke/disco offer, it also pulls in sports fans with dedicated pool and darts space, its support of pub teams and televised live match coverage. The future vision for the site is to create a family friendly, warm pub with a good atmosphere and a wide selection of well loved food and drink to compliment the proposed works.

Customer driven, Community Leader Wanted!

Are you passionate about providing great customer service and an energetic community leader? This could be the one for you, why not gives us a call.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Music Venue
  • Refurbishment Planned
  • Live Sports
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The pubs layout consists of a comfy bar and lounge. Currently the pub hosts two pool tables, attracting the Andover Pool League with a spacious darts area.

Private Accommodation

More details to follow.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:00 - 23:30 09:30 - 23:30 09:00 - 23:30 - 00:30 09:00 - 00:30 09:00 - 00:30 12:30 - 23:00

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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