Monk & Tipster Towcester

36 Watling Street, Towcester NN12 6AF

  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester
  • Monk & Tipster Towcester

Monk & Tipster Towcester

Olde Worlde Style Pub

Situated just outside the town centre of Towcester, this is an attractive site with beamed ceilings, exposed brick and cosy fireplaces. The catchment area is made up of young home makers, families and mature couples with a great opportunity for the right operator to attract locals to come in and enjoy all that Monk & Tipster can offer!

This pub has fantastic potential to grow on the existing food offer. With eight en-suite letting rooms, the pub has the ability to accommodate guests wishing to stay in a cosy pub close to the town centre.

Friendly, Food Operator Wanted!

If you are looking to take on a successful pub with opportunity to grow the food offer, this is the ideal one for you! The ideal applicant would be a friendly operator, with catering experience and has a desire to push business forward.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Weekly Billing

Trading Area & Facilities

Internally, the Monk & Tipster offers two trading areas consisting of a front drinking area and a back dining area with a centre bar. This site has a good sized catering kitchen that can produce 60+ covers. Monk & Tipster is a friendly pub with charismatic qualities - not an opportunity to be missed.

A key part of the business is the eight letting bedrooms which will play a large part in the success of the pub.

Externally, the pub has a small side garden with a patio area. There is no car park however there is plenty of off street parking available.

Private Accommodation

The private accommodation at Monk & Tipster consists of one bedroom, a lounge, kitchen and a toilet. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
17,500
Estimated Annual FMOP (Licensee Profit) £
23,205
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
75
Estimated Annual Barrelage
75

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 £
34,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
13,000
Deposit Amount £
4,375
Rent In Advance £
337
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
53,907
Estimated Minimum Ingoing Costs £
19,653

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 £
2,440
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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