Old Crown Inn Wigston
46 Moat Street, Wigston, LE18 2GDAgreement Type: Investment Tenancy
View details for Old Crown Inn WigstonRefurbishment Planned
Wheel Inn Oadby
99, London Road, Leicester, LE2 5DP
Pub Code: 2302567101
Key Features
- Refurbishment planned
- Great community pub
- Live sports and entertainment
- Food opportunity
- Car park
- Private accommodation
Est Min Ingoing Costs: £32,866
Annual Rent: £25,465
More Information
Refurbishment Planned for a Vibrant Community Pub
Exciting changes are on the horizon for our beloved community pub! With the potential to become the heart of the community we need someone special to lead the way—a passionate, friendly, and enthusiastic licensee. If you thrive on hosting local sports teams, relish showing sports events, and have the knack for delivering a classic food menu, then you might be exactly the person we’re looking for!
What would you do with this pub to make it a success?
The area
The Wheel Inn is located in the heart of Oadby, it is a friendly community pub. Oadby, a small market town near Leicester, buzzes with life thanks to its diverse population. There are around 4,900 adults within a 10 min walk time, with the majority of the footfall in the age 35 – 54 brackets. There are two main competitors within the community segment and the Wheel Inn is one of 6 pubs within a 10 – 20 mins walk time.
The Wheel Inn provides a cozy escape from the daily grind, offering an honest and unpretentious atmosphere. And if you step outside, you’ll find a unique courtyard—a sunny oasis where customers can enjoy sports on the outside screen.
The Wheel Inn is more than just a pub—it’s where friendships flourish and memories are made.
The offer
The Wheel Inn is available on our investment tenancy agreement. Click here for more information on this agreement.
With the introduction of a simple food menu of great pub classics there will be something to please everyone. It offers an extensive drink selection, including low and no-alcohol options, craft beers, and stouts. Additionally, they provide a wide range of soft drinks and coffees.
Throughout the week, customers can enjoy a lively atmosphere with full sports coverage and live entertainment. The pub has its own sports teams.
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 similar hospitality business. They will have a clear vision for their food & drinks menu, sports offer, entertainment offer and marketing strategy. Ideally this person is someone who knows the local area well and wants to be at the centre of the community. Enjoy hosting local sports teams, showing sports events, delivering a classic food menu 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…
Trading Area & Facilities
The Wheel Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
Main trading area, zoned and serviced with a wrap around bar
- Separate games area
- 43 internal covers
- 25 external covers
- Catering kitchen
- Smart Dispense
- Outside trading with TV screen for sports viewing
- Car park with 20 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, office and storage space.
| Annual Rent | £ 25,465 |
| Estimated Annual Turnover | £ 349,639 |
| Deposit | £ 6,366 |
| Estimated Fixtures & Fittings Value | £ 15,000 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 32,866 |
| Estimated Minimum Ingoing Costs | £ 32,866 |
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:
99, London Road, Leicester, LE2 5DP
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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