Run a Star Pub
4 weeks ago
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Recently Refurbished Family Pub
The Walkers Arms is a well-known local situated in the village of Leymoor. The pub sits in a prime location, beside the local cricket ground and near to the local bowling club. The pub was recently refurbished, making it an exciting business opportunity.
The pub is known for its friendly atmosphere and has a growing reputation for its cask ale. Due to the nearby cricket ground, there is steady trade throughout the week. The pub also hosts a variety of weekend and evening events. The catering kitchen allows for a home cooked traditional food menu.
What makes this business even more appealing is the outdoor space. A covered beer patio beside the pub adds capacity for 80 people. It is located in a detached outdoor terrace on the edge of the 25+ space car park. This space allows for outdoor seating and events during the warmer summer months.
Passionate Local Operator Wanted
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
- Catering Kitchen
- Foundation Tenancy
- Live Sports
- Car Park
- Cask Ale
- Outdoor Trade
- Monthly Billing
- Weekly Billing
Trading Area & Facilities
The Walkers Arms is a traditional two room operation. The front space functions as a more casual lounge. The rear is a small dining room for 20-25 covers. The site has a homely fireplace, making it great for the winter months. The pub is in great condition with wooden flooring throughout. The furniture has been recently re-upholstered.
There is a 25+ space car park at the pub. It has an 80-cover beer terrace to ensure great views of activity at the local sports ground. The pub has a good-sized appealing beer garden with a covered area, so it can be used all year round. There is an external bar service area that has 6 taps to serve the patio and cricket field in the summer.
Private Accommodation
The accommodation consists of two bedrooms, a kitchen, lounge and bathroom.
Pub Financials
Annual Rent £
15,713
Estimated Annual Turnover £
260,229
Deposit £
3,928
Estimated Fixtures & Fittings Value £
10,100
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
22,528
Estimated Minimum Ingoing Costs £
9,809
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.
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