Gate Inn Hugglescote

Fairfield Road, Coalville, LE67 2HG

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Gate Inn Hugglescote

Popular Community Sports Pub

The Gate Inn is situated opposite the local primary school in Hugglescote, putting it right at the heart of the local community and providing the opportunity to market to and attract the many parents that visit the school on a daily basis.

The Gate is a popular place to watch sport and offers entertainment and pub games along with various other community-based offers that engage the local resident community. The pub is Cask Marque accredited but has no trade kitchen. You'll have the opportunity to grow business through events and functions and a regular weekly entertainment and pub teams offer.

Available on our Business Start-Up Agreement, with the following support:

Manage your risk: 3 year fixed term agreement that you can terminate at any time on 28 days' notice;

Beer Enthusiasts Wanted

We're seeking a publican or business owner who has excellent business skills such as people management and customer service. To make this site succeed, you must be enthusiastic about beer, sports and your community around you.

Pub Features

Business Start-Up Agreement
Live Sports
Outdoor Trade
Private Accommodation
Smoking Area
Pub Games
Cask Ale
Weekly Billing
Monthly Billing

Trading Area & Facilities

The pub has a traditional bar and lounge layout with one central bar feeding both sides. There s a separate pool/games room and a function room that s been recently refurbished with its own bar facility. This function room can accommodate 60-80 people, and there is scope and opportunity to grow the rooms trade at this site. Some local businesses in the area have used the room for meeting purposes, and it would make a great venue for parties and events. As there is no catering kitchen at this site, an operator could create a simple back bar offer to provide light bites at these events.

Outside, there are external seating areas at the front and side of the building, and on-site parking for 8 cars.

Private Accommodation

The private accommodation consists of three bedrooms, a lounge, kitchen and bathroom.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

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

Financials

Annual Rent	£ 23,000
Estimated Tenants Annual Operating Profit	£ 29,606
Representative HEINEKEN UK Brand Discount Per Barrel	£ 125
Estimated Annual Turnover	£ 381,416
Estimated Annual Barrelage	300
“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details). All figures quoted are exclusive of VAT * FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value	£ 2,310
Estimated Fixtures & Fittings Valuation Fee	£ 250
Estimated Stock Valuation	£ 3,500
Deposit Amount	£ 3,000
Rent In Advance	£ 442
Training Fee	£ 1,000
Estimated Designated Premises Supervisor / Manager Fee	£ 50
Premises Licence Fee	£ 180
Rates Assessment Fee	£ 55
Estimated Legal Fees	£ 650
Estimated Total Ingoing Costs	£ 11,437

Estimated Minimum Ingoing Costs	£ 9,127
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.
Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance	£ 1,329
Estimated Annual Maintenance Compliance Charge	£ 1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills)	£ 6,108
The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details) * 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 **** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased

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Key Features

Cask Marque Accredited
Sports Site
Private Accommodation
Paved Beer Garden

Est Min Ingoing Costs

£9,127

Annual Rent

£23,000

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Want to know more?

To download our no nonsense guide to running your own pub click below. Alternatively, if you would like a printed copy, email us your postal address and we will post a copy out to you.

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