Everards

The Ferrers Arms trades all day and benefits from a central community location within a prime retail area.

The pub has a tap room with big screen that shows Sky Sports and contains a Pool Table. There is a separate larger lounge with extensive fixed seating and long bar servery. All the fixtures and fittings are in excellent order and both trading room have recently been redecorated. There is a dedicated, well equipped kitchen located off the lounge. Food has recently been reintroduced and the turnover is increasing – the menu offers both substantial and snack orientated food that suits the local market. In addition to the indoor trading space there is an outside terrace area.

We’re looking for people who have food experience and can bring excitement to the Ferrers Arms. You will also need to have a strong presence in the local community and your experience of holding pub events or supporting local sports teams will certainly add value to this great business opportunity.

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, Steve Bradley, on 07730 638647

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The Public areas comprise of:

• Lounge
• Bar
• Front Terrace

Other areas

• Kitchen

The Private accommodation comprise of:

• Four Bedrooms
• Living Room
• Kitchen
• Bathroom
• Garage

The living accomodation is comfortable and in good order.

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With an immediate population of over 1,500 residents, the Ferrers Arms is situated within a popular local retail area with a selection of local amenities. Sinfin is located on the outskirts of Derby and is well placed for convenient access to the A50 road network.

The pub has the advantage of being located in the middle of the Sinfin shopping centre and benefits from both shoppers and local residents as customers.

To see a birds-eye view of the pub click here

Ferrers Arms

Sinfin Centre
Sinfin
Sinfin
Derbyshire
DE24 3DS

Tel: 01332 271477

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We have put together this financial information to provide an illustration of the pub business. This information is taken from a variety of sources. Please refer to the detail at the bottom of this page for full information.

Estimated profit potential

We would anticipate that a tenant could earn £69,000 net profit from the site.

Turnover

FMT stands for Fair Maintainable Trade – please see the bottom of the page for a full definition of this term

• Drinks: FMT: £578,000 Estimated Current (Net): £465,000

• Food: FMT: £88,000 Estimated Current (Net): £31,000

• Machines: FMT: £7,000

Barrelage

A barrel is a unit of measurement adopted by the pub and brewing industry. A barrel is 36 gallons or 288 pints. This excludes wine minerals and spirits.

The FMT barrelage is 725
Current MAT barrelage is 580

Trading History:

• 2009: 599 barrels
• 2008: 695 barrels
• 2007: 761 barrels

Level of investment needed

This is a one-off payment made at the start of the tenancy agreement

All figures are estimates and exclude VAT

• Fixture and Fittings: £20,000
• Stock and glassware: £7,000
• Working capital: £5,000
• Trading deposit: £10,000
• Valuer and stocktaker: £1,000
• Total level of investment: £43,000

Because of the earnings potential from this site we would be willing to discuss assisting the right candidate with a brewery loan for the fixtures and fittings.

Therefore, you may be able to take the pub with part funding.

Rates

Ratable value £65,500

These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.

Rent

The rent has been calculated using the FMT turnover that we would anticipate from the site.

The required rent for the site is £53,000

All Everards rents are linked to RPI so may increase or decrease in future years.

Finances at a Glance

Initial Investment: £43,000

Annual Estimated Net Profit: £69,000

*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Ferrers Arms 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 14th June 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].