The Globe
43 Silver Street, Leicester, LE1 5EU
Profit Potential: £50,468 P/A
3 Year Standard Tenancy
- Iconic City Centre Cask Ale House
- Huge Food Potential
- Adjacent to Leicester's High Cross Shopping Centre
Sorry but we’ve found a great licensee to run The Globe but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Globe is an iconic pub in the heart of Leicester’s shopping district. The pub is renowned for its range of cask ales and traditional pub atmosphere. Situated within the hub of Leicester City Centre, The Globe benefits from good passing trade due to its close proximity to Leicester’s High Cross Shopping Centre. The pub is also situated close to the M1 and M69 motorways which are accessible 5 miles away, and is 90 minutes on the train from St Pancras Station.
The Opportunity
Sorry but we’ve found a great licensee to run The Globe but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Globe has been synonymous with serving fine ales and food since 1720, when quality ales were brewed using spring water drawn from its own well beneath the pub. which still exists today.
The Globe is iconic, and has been a beacon for all that is great for real ale lovers since Everards acquired the pub in 1887. The pub has a central bar which serves both sides of the pub. On the first floor there is a room with a pool table and separate bar which could potentially be used as a restaurant. The pub has a good quality, value for money pub food offer which includes doorstep sandwiches, nacho’s and pub classics like pie of the day, and fish & chips however with close proximity of the High Cross Shopping Centre, there is an opportunity to broaden the food offer.
The pub is popular with a wide range of customers, from office workers to shoppers, and although being a town centre pub, The Globe still has very loyal following.
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, Matt Crehan, on 0788 411 3522
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Financial Information
Profit Potential
We anticipate that a tenant could earn £50,468 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 | £443,929 |
|---|---|
| Estimated Current (net) | £346,982 |
Food
| FMT | £65,000 |
|---|---|
| Estimated Current (net) | £41,600 |
Machines
| FMT | £3,600 |
|---|---|
| Estimated Current (net) | £3,600 |
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 | £17,000 |
|---|---|
| Stock & Glassware | £5,000 |
| Working Capital | £5,000 |
| Trading Deposit | £9,807 |
| Valuer & Stocktaking | £1,200 |
| Total | £38,007 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £50,500 |
|---|
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 | 48,781 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
Features of The Globe:
- Bar
- Lounge
- Function room
Other areas:
- Kitchen
- Large Cellar
- Living Spaces*
- Two bedrooms
- Living room
- Kitchen
- Bathroom
- Office / Third Bedroom
Location
The Globe is located parallel to the High Street, where there are two entrances to the Highcross Shopping Centre. The area was pedestrianised when the Highcross development was completed and receives a large amount of passing footfall.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Globe 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 2nd Septembert 2011 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