Old Crown Inn Wigston
46 Moat Street, Wigston, LE18 2GDAgreement Type: Investment Tenancy
View details for Old Crown Inn Wigston
Navigation Inn Wigston
Welford Road, Wigston, LE18 3TE
Pub Code: 2301850101
Key Features
- Canal Side Location
- Great Food Opportunity
- Cask Ales
- Car Park
- Private Accommodation
Est Min Ingoing Costs: £12,539
Annual Rent: £30,467
More Information
Great opportunity pub on canal-side location!
What would you do with this pub to make it a success?
The area
The Navigation at Kilby Bridge is next to the Grand Union Canal on the outskirts of Wigston town. The pub is surrounded by mixed housing and open countryside.
The pub benefits from being the only one within a 10 minute WT found on the demo report found in an area of around 500 adults. The main customer base is made up of more mature couples and singles.
The offer
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 wet 60/dry 40 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via its food menu and picturesque location which is popular with walkers and narrow boat users. It could offer a good selection of a pub classic menu, 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 destination food outlet hospitality business. Due to its location and the seasonal nature of the business it can be challenging. They will have a clear vision for their food & 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
- Snug area with Open fire
- Large lounge/dining area to the rear
- 90 internal covers
- 20 external covers
- Small, reasonably equipped kitchen
- Outdoor seating
- Car park with 10 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 30,467 |
| Estimated Annual Turnover | £ 436,300 |
| Deposit | £ 7,617 |
| Estimated Fixtures & Fittings Value | £ 11,370 |
| Estimated Stock Valuation | £ 6,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 28,987 |
| Estimated Minimum Ingoing Costs | £ 12,539 |
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:
Welford Road, Wigston, LE18 3TE
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Bulls Head Blaby
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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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