Blacksmiths Loughborough

47 Wards End, Loughborough, LE11 3HB

  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough
  • Blacksmiths Loughborough

Blacksmiths Loughborough

Ideal Location

The Blacksmiths is in an ideal location on a busy main road between Loughborough town centre and the University campus. Close to local parks, leisure facilities and a densely populated area of mixed housing it benefits from a high level of footfall.

Already an established pub that trades well with a small food menu and a great range of beers and lagers. There is opportunity to broaden the pubs appeal with the introduction of a cocktail menu, a focus on the craft beer range and potential to introduce a street-food menu.

The site benefits from satellite TV for sports and hosts live music events.

Enthusiastic Operator

This pub would suit an enthusiastic operator with a passion for craft beer. Someone with food experience and ideas to grow this side of the business.

Pub Features

  • Foundation Tenancy
  • Function Room
  • Live Sports
  • Outdoor Trade
  • Smoking Area
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

The Blacksmiths is a one bar operation, with a large main room and a small secondary room, perfect for sports viewing or private functions, comfortably hosts 40 people. There is a fully equipped catering kitchen.

The site benefits from an outdoor courtyard, which is a great sun trap and popular with customers in good weather.

Private Accommodation

The private accommodation at the Blacksmiths consists of three bedrooms, a lounge, kitchen, bathroom and an office. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 12:00 - 22:30

Financials

Annual Rent £
23,187
Estimated Tenants Annual Operating Profit £
25,287
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
362,850
Estimated Annual Barrelage
197

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

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
8,000
Estimated Fixtures & Fittings Valuation Fee £
Estimated Stock Valuation £
Deposit Amount £
5,797
Rent In Advance £
446
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
19,853
Estimated Minimum Ingoing Costs £
9,056

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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 are not included in the rent model or ongoing costs below.

Note that on FRI 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,630
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108
Estimated Annual Repairs Fund £
1,300

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

** 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