The Dominion
Tournament Road, Glenfield, Leicestershire, LE3 8FP
Profit Potential: £53,700 P/A
3 Year Standard Tenancy
- £150,000 Brewery led joint investment
- Deliver your brand into a new retailing location
- Tailor this site to your business
The Dominion is a substantially sized pub located in a prime location within Glenfield. The pub is a community-focused pub that offers great food, drink and a great environment for locals and their families to enjoy.
The Opportunity
The pub is central to the local community and has a strong focus on good value and service. The Dominion has two main trading areas, which support the pubs good value for money food offer and drinks side of the business.
We are looking for experienced operators who can maximise the food and drinks offer and develop this community pub into an even more rewarding business.
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 pub, Martin Bailey, on 0780 161 0938.
Financial Information
Profit Potential
We anticipate that a tenant could earn £53,700 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 | £391,400 |
|---|---|
| Estimated Current (net) | £175,200 |
Food
| FMT | £88,500 |
|---|---|
| Estimated Current (net) | £8,900 |
Machines
| FMT | £9,700 |
|---|---|
| Estimated Current (net) | £9,700 |
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 | £22,000 |
|---|---|
| Stock & Glassware | £4,000 |
| Working Capital | £5,000 |
| Trading Deposit | £8,098 |
| Valuer & Stocktaking | £1,200 |
| Total | £40,298 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £28,750 |
|---|
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 | £20,000 rising to £30,000 after six months, increasing to £37,400 in Year 2 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
Public Areas comprise of:
- Lounge
- Bar
- Garden
Other Areas:
- Kitchen
Private Areas comprise of:
- Three Bedrooms
- Sitting Room
- Dining Room
- Kitchen
- Bathroom
- Office
Location
The Dominion benefits from a prominent road side location in Glenfield and is just off junction 21A of theM1 motorway network. The pub is surrounded by residential homes and the area is populated by approximately 10,000 inhabitants.
* This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Dominion 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 1st August 2009 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].