Packhorse Peterborough

4 Lincoln Road, Northborough, Peterborough PE6 9BL

Under Offer
  • Packhorse Peterborough
  • Packhorse Peterborough
  • Packhorse Peterborough
  • Packhorse Peterborough
  • Packhorse Peterborough
  • Packhorse Peterborough

Packhorse Peterborough

Desirable Rural Pub

This traditional pub is situated on the edge of Peterborough, in the small village of Northborough. The Packhorse benefits from being the only pub in the village and as such, has a captive audience from locals and visitors alike. In good condition throughout, this pub offers a warm atmosphere for families and friends to enjoy great home cooked food or a pint.

This popular pub has a strong local reputation for its fantastic food offering. The future vision for this pub will be to build upon the current offer and continue offering a top quality food offering and premium drinks.

Strong Food Operator Needed

With a garden, car park and a function room this pub is a fantastic opportunity for an experienced operator. We're looking to work in partnership with a food led operator who has experience running a similar style operation. If you feel you have the skills, passion and determination to drive this business forward then we would love to hear from you.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Internally, the Packhorse consists of separate trading areas, catering for different customer occasions. There is a bar, dining area as well as a function room that can hold up to 14 people. The pub has a well-equipped catering kitchen delivering up to 60 covers.

Externally, there is an outdoor trading area which proves to be very popular within the summer trade. There is also a sizeable car park (up to 15 cars) allowing this pub to thrive as a destination outlet.

Private Accommodation

The private accommodation at the Packhorse consists of three bedrooms, lounge, kitchen and a bathroom all in good condition. 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 the business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
22,500
Estimated Annual FMOP (Licensee Profit) £
23,180
Representative HEINEKEN UK Brand Discount Per Barrel £
106
Estimated Annual Turnover £
316,267
Estimated Annual Barrelage
169

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 £
5,785
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
5,625
Rent In Advance £
433
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
17,708
Estimated Minimum Ingoing Costs £
10,740

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 £
1,626
Estimated Annual Maintenance Compliance Charge £
682
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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