Queen Victoria
76 High Street, Syston, Leicestershire, LE7 1GQ
Profit Potential: £44,377 P/A
3 Year Standard Tenancy
- Proposed Capital Investment
- Separate Restaurant / Function Room
- Huge Beer Garden
Sorry but we’ve found a great licensee to run the Queen Victoria but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Queen Victoria is located within close proximity to Syston town centre benefiting from a growing population and an abundance of local business and industry at nearby Watermead Business Park.
The Opportunity
Sorry but we’ve found a great licensee to run the Queen Victoria but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The pub is currently being traded as a community house with a strong food offer focussed on offering value and high customer turnover.
Our vision for the pub is to enhance the existing bar area and bring the restaurant up to date. Everards will be investing into the pub to create the development without expecting a return on investment. We visualise the pub being very ale driven, and the development will be suited to this style of offer. The ideal operators would be individuals with big personalities and bags of stamina, who are organised, local to the area and able to integrate with the community.
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, 2142.7 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £44,377 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 | £311,905 |
|---|---|
| Estimated Current (net) | £250,743 |
Food
| FMT | £151,667 |
|---|---|
| Estimated Current (net) | £135,200 |
Machines
| FMT | £5,200 |
|---|---|
| Estimated Current (net) | £5,200 |
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 | £30,000 |
|---|---|
| Stock & Glassware | £3,000 |
| Working Capital | £5,000 |
| Trading Deposit | £7,285 |
| Valuer & Stocktaking | £1,200 |
| Total | £46,485 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £18,750 |
|---|
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 | £38,145 |
|---|
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 QUEEN VICTORIA
- Lounge
- Bar
- Restaurant
Other areas:
- Kitchen
- Garden
- Skittle Alley/Function Room
- Outbuildings
LIVING SPACES
- 3 Bedrooms
- Sitting room
- Kitchen/Dining room
- Bathroom
- Office
Location
Syston is the location of the headquarters of Pukka Pies, which is one of the largest employers in the town, employing 250 people. The Midland Main Line runs through the town. Syston railway station has one platform on what remains of the former goods line, served by local Leicester to Lincoln via Nottingham and Newark services on the Ivanhoe Line. Notable residents include actress Terri Dwyer and singer, Dave Bartram from Showaddywaddy. The 1181 Syston Squadron is based in the grounds of Wreake Valley Community College. This Air Training Corps (ATC) is a military based youth organisation for 13–20 year olds. They have around 30 cadets.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Queen Victoria 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 12 December 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