•The Bulls Head is a village pub, located in the Peak District which is notorious for its beauty. Having recently benefitted from a CAPEX the Bulls Head is in excellent order throughout.
•The Bulls Head has three trading rooms which consist of a bar room, a games room and a dining room. There is also a function room available and a well-equipped catering kitchen. Additionally it has two en-suite letting rooms and a further two letting rooms with a shared bathroom. Outside there is a small courtyard and parking area.
•The private accommodation compromises three bedrooms.
•The customer base is a mixture of locals from the village and surrounding areas and tourists visiting the area.
•Youlgreave is a tourist village which has three pubs and a petrol station. The village benefits hugely from the tourist trade in the summer months.
•The Bulls Head currently trades well with a 60/40 wet/dry split. The letting rooms are usually fully booked during the summer however the new operator could concentrate on offering various packages in the winter to increase bookings during the quieter times of the year. They would also need to forge links with outward bound groups to secure bookings and entice new customers from the nearby villages to visit.
Barrelage Discount £50
Fair Maintainable Turnover* £244,490 p.a.
Working Capital £5,000
Training Fee £550+VAT
Security Deposit £5,750
Stock and Glassware £3,500
Legal fees £350+VAT**
Initial Contractual Costs ***
Rent £23,000 p.a.
Service charge £2,500 p.a.
Decorating fund £1,350 p.a.
Insurance £583 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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