Horse & Trumpet
Bull Head Street, Wigston, Leicestershire, LE18 1PB
Profit Potential: £46,208 P/A
3 Year Standard Tenancy
- Busy pub with scope to develop
- Prominent roadside location
- Caters for a wide range of occasions
Sorry but we’ve found a great licensee to run the Horse & Trumpet but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Horse & Trumpet is very much a local landmark in the town of Wigston, south of Leicester City Centre. The pub has a longstanding reputation for a great cask ale range and regular live entertainment. The pub offers excellent scope to build upon the current food and drink offer to a wide range of customers. This is a prime opportunity for someone who can bring their industry experience running community pubs in order to develop this established pub business.
The Opportunity
With a reputation as one of the best local pubs in Wigston, the Horse & Trumpet is renowned for its great ales and lively entertainment. There is lots of potential to build on its ale sales, develop and focus on its pub teams and events and to expand its good value food offer that caters for a broad range of customers.
We are looking for someone with a real desire to make a difference and build on the already strong sense of community. Ideally the successful candidate would be a motivated, ‘hands on’ operator with excellent customer service and food skills and the ability to integrate fully into the community. The role of licensee is quite simply to place the Horse & Trumpet at the heart of the community.
With a proven record of success and a real passion for the industry, if you are the the right candidate, Everards Brewery will make a financial investment to refurbish the pub.
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 Russell, on 07711436534
Download the details for this opportunity » (PDF, 2217.8 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £46,208 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 | £493,257 |
|---|---|
| Estimated Current (net) | £288,766 |
Food
| FMT | £119,167 |
|---|---|
| Estimated Current (net) | £42,715 |
Machines
| FMT | £3,700 |
|---|---|
| Estimated Current (net) | £3,700 |
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 | £12,500 |
|---|---|
| Stock & Glassware | £5,000 |
| Working Capital | £5,000 |
| Trading Deposit | £13,641 |
| Valuer & Stocktaking | £1,200 |
| Total | £37,341 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £64,000 |
|---|
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 | £39,237 |
|---|
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 Horse & Trumpet:
- Open plan bar
- Skittle alley / function room
- Patio
- Two car parks
Other areas:
- Kitchen
LIVING SPACES
- Three Bedrooms
- Lounge
- Office
- Kitchen
- Bathroom
Location
The Horse & Trumpet occupies a prominent roadside location in the town of Wigston, south of Leicester. The pub attracts a range of customers from the surrounding area. It has been trading as an Everards pub since 1929. One of the earliest mentions of Wigston is in the Domesday book. During the Middle Ages it was known as Wigston Two Spires as there were two medieval churches there.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Horse & Trumpet 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 11th October 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 apub by you is subject to our terms and conditions of agreement