Three Horse Shoes East Leake
Brookside, East Leake, Loughborough, LE12 6PBAgreement Type:
Investment Tenancy
View details for Three Horse Shoes East Leake
Gate Inn Hugglescote
Gate Inn Hugglescote
Fairfield Road, Coalville, LE67 2HG Pub Code: 2302761101
Pub Code: 2302761101
Foundation TenancyEst Min Ingoing Costs: £8,939
Annual Rent: £23,265
Superb Community Pub!
This is a fantastic opportunity to be the heart of the community with this already established sports site.
What would you do with this pub to make it a success?
The area:
The Gate Inn, located in the village of Hugglescote, sits directly opposite the local primary school, making it a central fixture within the community. This prime location offers a fantastic opportunity to market to and attract the many parents who visit the school daily. Additionally, the pub is nestled within a residential area, further embedding it into the local neighbourhood.
The Demographics:
The pub benefits from being the only one found in an area of around 4,000 adults. The diverse customer base is made up of younger couples and families.
The offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong drinks offer. What drinks would you look to implement in the pub?
The site has the ability to drive trade via live sports and live entertainment. There is a selection of pub games, such as pool, and darts. It offers cask ales, 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 community led hospitality business. They will have a clear vision for their drinks menu, sports offer and can create a memorable experience for their customers.
Trading Area & Facilities
- Separate lounge and bar, both served by a single, central bar
- Separate pool/games room
- No kitchen
- Function room
- External trading areas to the front, side and rear of the property
- Car park with eight spaces
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£15,126
Estimated Minimum Ingoing Costs
£8,939
Annual Rent
£23,265
Estimated Annual Turnover
£352,660
Deposit
£5,816
Estimated Fixtures & Fittings Value
£2,310
Estimated Stock Valuation
£3,500
Estimated Working Capital
£3,500
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.
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.
Location:
Fairfield Road, Coalville, LE67 2HG
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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