The Heathcote Arms
Hill Street, Croft, Leicestershire, LE9 3EG
Profit Potential: £40,119 P/A
3 Year Standard Tenancy
- Great range of cask ales & ciders
- Elevated position in the heart of the village
- Unique cosy bar
Sorry but we’ve found a great licensee to run The Heathcote but worry not, click here to see other great opportunities with Everards Brewery Ltd.
A traditional pub set in a prominent location within the village of Croft, The Heathcote Arms has benefitted from increased food sales by the current tenants. The pub is very much a traditional village local however there is plenty of opportunity to market the pub to customers further afield. The Heathcote Arms is a warm and welcoming pub which has built up its reputation for homemade food and a fantastic drinks range.
The Opportunity
Sorry but we’ve found a great licensee to run The Heathcote but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Heathcote Arms has been owned by Everards since 1920.This traditional pub has long been an important part of the community and is a welcoming and friendly local. It has a good reputation for its range of ales and the food sales have grown
considerably under the current tenants.
We are searching for licensee’s to maintain and build upon this already successful business. Catering skills would be beneficial, as would marketing skills, in order to promote the pub to a wider clientele. Becoming part of the local community is essential as is the ability to develop the 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, Mike Brown, on 07860 100 433.
Download the details for this opportunity » (PDF, 1999.9 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £40,119 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 | £297,705 |
|---|---|
| Estimated Current (net) | £235,801 |
Food
| FMT | £54,167 |
|---|---|
| Estimated Current (net) | £30,000 |
Machines
| FMT | £1,012 |
|---|---|
| Estimated Current (net) | £1,012 |
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 | £18000 |
|---|---|
| Stock & Glassware | £3,000 |
| Working Capital | £5,000 |
| Trading Deposit | £6,022 |
| Valuer & Stocktaking | £1,440 |
| Total | £33.462 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £14,000 |
|---|
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 | £30,000 |
|---|
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 Heathcote Arms
- Lounge
• Bar
• Games Room
• Skittle Alley/Function Room
• Patio Area & Large Garden
• Large car park
Other areas:
• Kitchen
Living spaces
• 2 Bedrooms
• Lounge
• Kitchen
• Bathroom
• Office/3rd bedroom
• Garage
Location
By far the most significant feature of the village of Croft, is Croft Hill. It towers over the village at 300ft. The Heathcote Arms is situated on this prominent hillside location.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Heathcote 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 29/7/11 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