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Run a Star Pub
4 months ago
Traditional village pub in a picturesque setting.
What would you do with this pub to make it a success?
The area
The Britannia Inn is located in the village of Quenisborough, sitting between Syston and Rearsby in the Northeast of Leicester City. The pub is surrounded by non-estate, residential housing.
The Horse & Groom is situated adjacent to the Britannia which is predominantly a wet-led business.
The pub benefits from being one of 2 pubs found in an area of around 640 adults. The main customer base is made up of mature couples, retirees and mature 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 50/50 food & drinksoffer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via the classic pub dining menu. It offers a selection of cask ales, coffees, and popular beers, ciders, wines and spirits.
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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy 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...
Features
- Catering Kitchen
- Foundation Tenancy
- Car Park
- Cask Ale
- Private Accommodation
Trading Area & Facilities
- Small snug bar
- Open-Plan restaurant/dining area
- 70 internal cover
- 12 external cover
- Well-equipped, induction catering kitchen
- Smart Dispense
- Small Courtyard to the side of the pub
- Car Park with 12 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials
Annual Rent £
39,848
Estimated Annual Turnover £
662,102
Deposit £
9,962
Estimated Fixtures & Fittings Value £
37,195
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
60,657
Estimated Minimum Ingoing Costs £
16,821
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.
