Run a Star Pub - Horse & Groom Rearsby - Leicester

Star Pubs Leased & Tenancy; Leicester; On-site; GBP 10,000 - 23,000; Full time

Job description

Pub Overview

Old Coaching Inn, in a traditional village setting. What would you do with this pub to make it even more of a success?

The Horse & Groom is located in the village of Rearsby, close to the A46 and the A607 to Melton. The pub is surrounded by mixed housing and benefits from being one of 2 pubs found in an area of around 1000 adults. The customer base is made up of more mature clientele, aging from 45 - 65+.

Available on our foundation tenancy agreement. The potential of this pub lies in developing a strong wet-led offer. There is a kitchen space with the opportunity for the operator to develop if they wish. What drinks would you look to implement in the pub?

The pub is in good decorative order throughout and creates a comfortable look and feel for customers. It currently has the ability to drive trade via a mainstream keg and cask range, popular beers, ciders, wines, and spirits. There is an opportunity to build pub teams, and it has its own pétanque pitch.

We’re always open to new ideas; what would you do to drive trade?

Requirements

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with 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...

Features

• Car Park
• Cask Ale
• Catering Kitchen
• Foundation Tenancy
• Private Accommodation
• Outdoor Trade

Trading Area & Facilities

• Main trading area with bar
• Open fireplace
• 30 internal covers
• 50 external covers
• Kitchen space
• Smart Dispense
• Outside seating area
• Petanque pitch
• Car park with 12 spaces

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, kitchen, and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £22,825
Estimated Minimum Ingoing Costs: £10,678
Annual Rent: £14,141
Estimated Annual Turnover: £152,186
Deposit: £3,535
Estimated Fixtures & Fittings Value: £9,790
Estimated Stock Valuation: £6,000
Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized 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 finalized 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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' 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 of £10,000 un-borrowed funds.

Downloads

• Demographics Report Download
• Energy Performance Certificate Download