Gate Inn Hugglescote
Fairfield Road, Coalville, LE67 2HG
Gate Inn Hugglescote
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;
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
Trading Area & Facilities
Outside, there are external seating areas at the front and side of the building, and on-site parking for 8 cars.
Private Accommodation
Premises Licence 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. |
|
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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