The Honeycomb
Ladybank Road, Silverhill, Mickleover, Derbys, DE3 0NR
Profit Potential: £32,674 P/A
3 Year Standard Tenancy
- Densely populated area – captive local audience
- Well presented community pub
- Situated in buoyant local economy
The Honeycomb has a great reputation in the local community and benefits from a good level of trade, due to it being located in a well populated area of Mickleover, Derby.
The Opportunity
The Honeycomb first opened on 1 November 1974 and is just under a mile away from Derby City Centre.
The village of Mickleover has a population of 18,000. Mickleover is now one of the largest suburbs in Derby and is still expanding due to ongoing housing developments. House prices in areas of Mickleover are amongst the highest in Derby, with prices exceeding £300,000 in the Mickleover Country Park area.
The pub trades well within its local community and has developed a good reputation for its drinks range and it is popular with local pub teams. There is a basic food operation in place but there is ample opportunity to offer much more.
Ideally you will have some catering experience and the ability to build on the pubs reputation in order to grow the drinks side of 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, Matt Crehan, on 0788 411 3522
Download the details for this opportunity » (PDF, 2069.7 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £32,674 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 | £281,266 |
|---|---|
| Estimated Current (net) | £151,892 |
Food
| FMT | £52,000 |
|---|---|
| Estimated Current (net) | £6,000 |
Machines
| FMT | £0 |
|---|---|
| Estimated Current (net) | £0 |
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 | £15,000 |
|---|---|
| Stock & Glassware | £3,000 |
| Working Capital | £5,000 |
| Trading Deposit | £7,158 |
| Valuer & Stocktaking | £1,200 |
| Total | £31,358 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £24,250 |
|---|
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 | £27,990 |
|---|
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 HONEYCOMB
- Lounge
- Bar
- Kitchen
- Patio area and garden
- Large Car park
Other areas:
LIVING SPACES
- 3 Bedrooms
- Lounge
- Kitchen
- Bathroom
- Office/4th Bedroom
- Garage and Private Yard
Location
The village of Mickleover is mentioned in the Domesday Book, however, at that time (1086), Mickleover was known as Magna Oufra. Although described as a village, Mickleover is now one of the largest suburbs in Derby and is ever expanding due to ongoing housing developments. House prices in Mickleover are amongst the highest in Derby.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Honeycomb 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 19th January 2012 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