The Cricketers
1 Grace Road, Aylestone, Leicestershire, LE2 8AD
Profit Potential: £52,131 P/A
3 Year Standard Tenancy
- Impressive food and drinks sales
- Overlooking Leicestershire County Cricket Club
- Potential to grow the function room business
Sorry but we’ve found a great licensee to run The Cricketers but worry not, click here to see other great opportunities with Everards Brewery Ltd.
Are you looking for an established pub business with great sales and a very supportive local residential population who view it as an extension of their home? The Cricketers benefits from a strong ‘early-doors’ trade and is the type of pub where local customers can meet friends for a relaxing drink, take their family for lunch or dinner and somewhere to sit back and enjoy watching sport. The Cricketers is the ideal opportunity for someone who has the personality to host regular pub events and the energy to maintain this busy offer.
There are already impressive drink sales at the pub and an opportunity exists to build a great food offer and develop an underutilized function suite enabling you to step straight into a successful pub and make your own mark.
The Opportunity
Sorry but we’ve found a great licensee to run The Cricketers but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Cricketers has recently been refurbished and it also has its very own function room with a balcony overlooking Leicestershire County Cricket Club. This versatile room offers significant opportunity to develop business generated from events held at the pub. As part of our support, we can work with you to create marketing plan which will help grow your income from the function room.
With the benefit of your experience in running a pub similar to The Cricketers, we want to maintain the current retail offer at the pub and build on its reputation as a great place to enjoy pub sports in order to grow the current food offer. To help you deliver this, we will combine your industry knowledge and the expertise of our Retail Marketing Managers and your Business Development Manager. We can create a full marketing plan which aims at attracting more customers to the pub by implementing a daily home cooked food promotion priced around £5.99 which will support the existing strong drinks sales at The Cricketers. Due to the pubs close proximity to Leicester Football, Cricket and Rugby grounds; we want to establish the pub as a place to enjoy food and drinks for visitors to the area.
Sports and entertainment events are part of this pubs big personality and the local community see the Cricketers as part of the fabric of Aylestone. The business is supported by a strong demand for traditional pub food as well as regular themed food events introduced by the current licensees and have proved to very popular with customers.
For more information or to register your details with our Recruitment Team call 0800 056 4111 or speak direct to the Business Development Manager for this unique business opportunity, Martin Bailey, on 07801 610938
Download the details for this opportunity » (PDF, 2133.5 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £52,131 net profit from this site per year.
Turnover
FMT stands for Fair Maintainable Trade - please click here for a full definition of this term,
Drinks
| FMT | £395.889 |
|---|---|
| Estimated Current (net) | £368,994 |
Food
| FMT | £65,000 |
|---|---|
| Estimated Current (net) | £0 |
Machines
| FMT | £10,400 |
|---|---|
| Estimated Current (net) | £4,457 |
Level of Investment
This is a one-off payment made at the start of the tenancy agreement.
All figures are estimates and exclude VAT.
| Fixtures & Fittings | £28,000 |
|---|---|
| Stock & Glassware | £5,000 |
| Working Capital | £6,000 |
| Trading Deposit | £10,524 |
| Valuer & Stocktaking | £1,000 |
| Total | £50,524 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | 39,500 |
|---|
Rent
The rent has been calculated using the FMT turnover that we could anticipate from the site. All Everards rents are linked to RPI so may increase or decrease in future years.
| Rent required for this site | 38,521 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
The Public areas comprise of:
- Lounge
- Bar
- Family Room
- Function Room
- Patio/ Garden
Other areas
- Two commercial kitchens ( 1 x small, 1 x large)
The Private accommodation comprise of:
- Two large double bedrooms
- Two small double bedrooms
- Lounge
- Kitchen/
- Bathroom
- Double car pool
Location
The pub is located two miles from Leicester city centre adjacent to Leicester County Cricket Club with Leicester City Football and Rugby grounds close by. Aylestone has become a prominent suburb of Leicester and has formed part of an increasing urban area surrounded by modern homes yet still retaining some elements of the village. Aylestone meadows has a large area of playing fields and water meadow nearby which contributes to the semi-rural character of the suburb.
* This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Cricketers and is based on certain assumptions and information provided by our licensees (to be disclosed on request). FMT is the level of turnover we would expect the pub to achieve within its market and this is assessed in line with good industry practice and relevant accountancy standards.
Wherever possible we have also included the pub's current trading information as at 16th April 2010 in addition to FMT. This is taken from our sales information (barrelage) and information from the licensees such as their trading information and cost base.
We would expect you to use the FMT information to help form the financial element of your business plan. These figures above are an estimate based on FMT and you may think that you can exceed or conversely not achieve these. As this stage we would strongly recommend that you take independent financial advice to help you form a budgeted profit and loss statement.
This information is not intended to amount to advice, a statement of fact, a guarantee, a representation, a condition or a warranty on which reliance should be placed but is our opinion only. We therefore, to the extent permitted by law, disclaim all liability and responsibility arising from any reliance placed on such information by you or anyone informed of its contents.
You are advised to carry out your own financial investigations and inspections into the pub to satisfy yourself as to the correctness of the above information, whether or not you can achieve these figures and as to the trading potential of this pub. You will be given a shadow profit and loss account and other details of the pub when you make a formal enquiry – this will be given within our Code of Practice which also contains other details about Everards.
Historic information is not an indicator of future performance of a pub and you should bear this in mind in your assessment.
[This information does not constitute any part of an offer or a contract and any acquisition of a pub by you is subject to our terms and conditions of agreement].