Public Houses for sale in Leicestershire

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S Martin (Feb 2013)
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Leasehold Price: Price on Application
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Business Description
Overview:

• A large destination food pub occupying a prominent corner position
• Contemporary styled venue with multiple trading spaces and seating for up to 120 plus a fully equipped catering kitchen
• Has a large play area and patio which makes for a great summer visit and a good sized car park
• Rural location but close to Burton, Derby and the M42
• The private accommodation offers two bedrooms
• Currently trading at £10,000 per week but with potential to achieve weekly sales of £15,000

Agreement
Pathway Tenancy
Fully tied
Barrelage Discount £50
Fair Maintainable Turnover* £519,809 p.a.
Ingoing Costs****

Working Capital £50,000
Training Fee £550 + VAT
Security Deposit £12,500
Stock and Glassware £5,000
Legal fees £360+VAT**
Initial Contractual Costs ***

Rent £50,000 p.a.
Service charge £1,350 p.a.
Decorating fund £3,000 p.a.
Insurance £520 p.a.

Once you’ve agreed the purchase terms for the fixtures and fittings you will not be charged for any additional ingoing costs by Marston’s, other than those detailed above.
*Figure taken from Marston’s rent assessment
**An estimated figure and subject to completion within 8 weeks
***The ongoing contractual costs will vary in accordance with the terms of the specific agreement.
****You will also need to obtain independent advice from a qualified accountant, a RICS qualified surveyor and a qualified solicitor at your own cost
Tenure: Leasehold

Listed by: Marstons
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MARDT107336
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