Old Crown Inn Wigston
46 Moat Street, Wigston, LE18 2GDAgreement Type: Investment Tenancy
View details for Old Crown Inn Wigston
Wheel Inn Oadby
99, London Road, Leicester, LE2 5DP
Pub Code: 2302567101
Key Features
- Great cask opportunity
- Live sports entertainment
- Food opportunity
- Traditional Pub Games
- Car park
- Private accommodation
Est Min Ingoing Costs: £10,692
Annual Rent: £26,302
More Information
Great local community pub
What would you do with this pub to make it a success?
The area
The Wheel Inn is located in the town of Oadby, close to a busy road, just of the A6, its sits in-between the well-known towns of Leicester and Market Harborough.. The pub is surrounded by mixed housing.
The pub benefits from being one of 6 pubs found in an area of around 4,500 adults. The diverse customer base is made up of professionals, mature couples and families.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 80/20 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via building a strong cask ale offer, live sports, a selection of pub games, such as darts and occasional live entertainment.
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 community led hospitality business. They will have a clear vision for their food & drinks menu, sports offer 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
- 40 internal covers
- 12 external covers
- Catering kitchen
- Smart Dispense
- Small courtyard
- Car Park with 20 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, bathroom and small office.
| Annual Rent | £ 26,302 |
| Estimated Annual Turnover | £ 398,656 |
| Deposit | £ 6,575 |
| Estimated Fixtures & Fittings Value | £ 7,878 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 22,953 |
| Estimated Minimum Ingoing Costs | £ 10,692 |
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:
99, London Road, Leicester, LE2 5DP
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Bricklayers Arms Leicester
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View details for Bricklayers Arms LeicesterTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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