Plough Loughborough

28 Thorpe Acre Road, Loughborough LE11 4LF

  • Plough Loughborough
  • Plough Loughborough
  • Plough Loughborough

Plough Loughborough

Community Focused Local Pub

The surrounding area is densely populated with suburban housing and residents looking for a familiar and traditional pub to visit. With over 67,000 residents within walking distance, having a welcoming and vibrant venue for regular visits, functions and events is a lucrative business opportunity.

The Plough in Loughborough's current offer is mostly wet lead, however, there is investment in the pipeline for the pub. This planned investment will introduce a new catering facility, allowing the operator to a great value food offer.

Passionate Community Pub Maestro Required

If you consider yourself a maestro when it comes to running a successful pub then Star Pubs & bars would love to work with you. What you will bring to this opportunity is a wide knowledge and experience of creating a good value and good quality food & drinks offer as well as an embracive attitude for the community.

Pub Features

  • Business Start-Up Agreement
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The current trading facilities will be due to receive a slight refurbishment - further details on the new and improved interior and exterior of the pub are coming soon. Currently, the inside of the pub is split-level with the bar and front entrance lower than the lounge which is accessed via steps leading from the road.

Externally, to the front there are gardens and a children's play area.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 00:00

Financials

Annual Rent £
13,250
Estimated Annual FMOP (Licensee Profit) £
17,434
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
219,649
Estimated Annual Barrelage
7,500

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 £
5,035
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,250
Deposit Amount £
3,313
Rent In Advance £
255
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
13,725
Estimated Minimum Ingoing Costs £
9,539

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 £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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