Pub Overview
A great opportunity to take over this popular pub/restaurant set in the heart of the Lincolnshire Wolds. The pub has benefited from a recent refurbishment and is very popular with locals and tourists alike.
The area
The Blacksmiths Arms is located in the village of Rothwell, in the heart of the Lincolnshire Wolds, an area of outstanding natural beauty. The pub is popular with locals and visitors from the surrounding towns and villages.
Demographics
The pub benefits from being one of 1 pubs found in an area of around 169 adults. The customer base is made up of mature adults.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a strong 70/30 food offer. What food & drinks would you look to implement in the pub?
The site currently offers a selection of a pub classic menu, cask ales, and 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.
Requirements
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu and their marketing strategy 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...
Features
* Foundation Tenancy
* Catering Kitchen
* Outdoor Trade
* Children's Play Area
* Cask Ale
* Car Park
* Private Accommodation
Trading Area & Facilities
* Main trading area with bar
* Separate dining room
* 50 internal covers
* Large catering kitchen
* Smart Dispense
* Large beautiful garden for alfresco dining
* Large carpark
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, and office.
Pub Financials
Estimated Total Ingoing Costs: £42,210
Estimated Minimum Ingoing Costs: £16,403
Annual Rent: £34,840
Estimated Annual Turnover: £485,517
Deposit: £8,710
Estimated Fixtures & Fittings Value: £20,000
Estimated Stock Valuation: £10,000
Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalized 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 finalized 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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' 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 of £10,000 un-borrowed funds. #J-18808-Ljbffr