The Shakespeare
Braunstone Lane, Leicestershire, LE3 3AS
Profit Potential: £43,427 P/A
3 Year Standard Tenancy
- Substantial investment from Everards of £200k
- Great Profit Potential
- Only pub in the local area
The Shakespeare offers a fantastic opportunity to work with us and reposition this historic pub back at the heart of its community. We know this pub has great potential which is why we’re ready to invest upto £200k. Are you the right person to work with us to start a new chapter for The Shakespeare?
The Opportunity
The Shakespeare has massive potential – we know that because we have
spoken to many local people, in fact they are so passionate that we had 60 come along to our open evening and tell us what they want from the pub. They are seeking an atmosphere which is warm and welcoming and regular activity – the licensee would need to be able to create this environment and have the energy and determination to
provide great reasons for people to visit.
The Shakespeare is a historic landmark dating back to the 1800’s and this Grade II listed building is situated in the heart of a densely populated area. It features many original features, most notably being the impressive thatched roof and wooden beams which can be seen throughout the pub. In addition, the pub boasts beautifully presented private accommodation.
The vision has been shaped with the feedback but there is still scope for your ideas, and you would need some capital to invest in this opportunity.
Download the Vision Document for this opportunity by clicking here
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 0788 411 3522
Download the details for this opportunity » (PDF, 2037.2 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £43,427 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 | £351,480 |
|---|---|
| Estimated Current (net) | £165,591 |
Food
| FMT | £86,667 |
|---|---|
| Estimated Current (net) | £n/a |
Machines
| FMT | £5,200 |
|---|---|
| Estimated Current (net) | £83 |
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 | £10,000* |
|---|---|
| Stock & Glassware | £0 |
| Working Capital | £5,000 |
| Trading Deposit | £6,184 |
| Valuer & Stocktaking | £0 |
| Total | £21,184 |
*The full value of the fixtures & fittings is £50,000. You will be expected to pay £10,000 per annum, over the course of the agreement for the fixtures and fittings. If you should stay for a 5 year term, you will own these outright.
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 | £30,035 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
• Lounge & snug
• Bar
• Garden
OTHER AREAS
• Function room
• Kitchen
• Outbuildings
LIVING SPACES
• Bedroom with en-suite
• 3 further double bedrooms
• Kitchen
• Dining room
• Living room
• Bathroom
• Office
Location
The Shakespeare benefits from a prominent road side location in Braunstone and is approximately one mile from junction 21 of the M1 motorway network. The pub is
surrounded by residential homes and offers easy access to Fosse Retail Park and Leicester City Centre which is approximately 5 miles away.
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Shakespeare 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 22nd November 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