•It has a large bar and a cosy lounge with sofas and open fires. The restaurant can seat forty and benefits from a large feature fire place, log burner and carvery deck. There are four well-decorated en-suite letting rooms. Upstairs there is a large breakfast/function room. Outside there is a car park/courtyard which has been used to host events.
•The private accommodation has three bedrooms.
•During the summer months the pub attracts tourists and in winter it relies on the supportive regular locals. The free buffet on Mondays and music in the evening has helped to build the customer base.
•Ludlow is a thriving market town and an architectural gem with a lively community feel - it is often busy with events and festivals.
•The Bull Hotel is currently trading at £7,000 per week with an 80/20 wet/dry split. Dry sales could be increased by offering food in the evenings and breakfast to all customers rather than just to guests staying on site.
Barrelage Discount £50
Fair Maintainable Turnover* £358,219 p.a.
Working Capital £5,000
Training Fee £450+VAT
Security Deposit £5,500
Stock and Glassware £3,000
Legal fees £850+VAT**
Initial Contractual Costs ***
Rent £22,000 p.a.
Service charge £1,350 p.a.
Decorating fund £2,000 p.a.
Insurance £601 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 need to obtain independent advice from a qualified accountant, RICS qualified surveyor and a qualified solicitor at your own cost
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