Railway Inn
191 Station Road, Ratby, Leicestershire, LE6 0JQ
Profit Potential: £40,515 P/A
3 Year Standard Tenancy
- Lively community local
- Prime village location
- Great drink sales
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Benefiting from a prominent roadside location within the village of Ratby, The Railway Inn is a great opportunity to run a pub business with established drinks sales. There is scope to develop the food side of the business and developing custom from surrounding villages.
The Opportunity
The Railway Inn, Ratby has been a part of the Everards estate since 1903. Positioned
on a prominent roadside location, the Railway is known for its great range of cask ales
and beers. It has great community spirit and is well used by the surrounding villages.
The Railway offers a fantastic opportunity to introduce a small food offer at lunchtimes and in the evenings to complement the established drinks sales and add a profitable income stream to the pub.
We are searching for experienced licensee(s), who are looking for a new challenge. The
successful candidates would benefit from experience of running a community pub;
have catering skills and the knowledge to introduce a new food offer and above all,
have a passion for the pub industry.
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, 2185.6 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £40,515 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 | £298,301 |
|---|---|
| Estimated Current (net) | £263,808 |
Food
| FMT | £26,000 |
|---|---|
| Estimated Current (net) | £5,200 |
Machines
| FMT | £4,843 |
|---|---|
| Estimated Current (net) | £4,843 |
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 | £12,000 |
|---|---|
| Stock & Glassware | £3,000 |
| Working Capital | £5,000 |
| Trading Deposit | £7,350 |
| Valuer & Stocktaking | £1,200 |
| Total | £28,550 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £27,500 |
|---|
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 | £31,000 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
Feature of The Railway Inn
• Bar
• Lounge
• Patio/Courtyard
• Smoking Solution
Other areas:
• Kitchen
• Office
Living Spaces:
• 2 Bedrooms
• Sitting Room
• Kitchen
• Bathroom
• Garage
Location
The village of Ratby is located 5 miles to the west of Leicester city centre and just south of the M1. Its proximity to Leicester means that Ratby forms part
of the ‘Leicester Urban Area’. In 2001, it was recorded as having a population of 4000. The oldest known human settlement in Ratby was located on
the outskirts of the village, at Bury Camp. It was an Iron Age encampment, dating back approximately 3000 years. Later, the Roman Army adapted the camp for use as a temporary fort.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Railway Inn, Ratby and is based on certain assumptions and information provided by our licensees (to bedisclosed 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 22/07/11 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