Sun Inn
Main Street, Cottesmore, Rutland, LE15 7DH
Profit Potential: £33,611 P/A
3 Year Standard Tenancy
- Established food & drink sales
- Picturesque thatched property
- Only pub in affluent Rutland village
Sorry but we’ve found a great licensee to run the Sun Inn but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Sun Inn is the only pub in the village and is a fantastic opportunity for someone who wants to run a quintessential English pub. It is a beautiful thatched property situated in Cottesmore, in the picturesque county of Rutland. If you are looking for a typical English village pub, this is it.
As well as being the hub of the village, the Sun has a good reputation for food which has been established for many years. It enjoys the benefit of attracting many different types of people to the pub, from the locals popping in for a glass of fine wine after work to enjoying a tasty Sunday roast. The Sun Inn also has the added advantage of offering a private dining space to celebrate those special family occasions.
The Opportunity
Sorry but we’ve found a great licensee to run the Sun Inn but worry not, click here to see other great opportunities with Everards Brewery Ltd.
This is a great opportunity for someone looking to combine their love of creating home cooked quality food with the lifestyle of running a pub at the centre of the village. The Sun Inn offers a roadside location , with parking to the rear. It has a selection of nooks and crannies which adds to the character of the pub as well as another area which can be used for private dining or as a function room.
Catering skills are a must for this pub along with a real desire to embrace village life and keep good cask ales. If you want to find out more please call the Recruitment Line on 0800 056 4111 or speak to the Business Development Manager for this pub,Steve Russell on 07711 436 534.
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Financial Information
Profit Potential
We anticipate that a tenant could earn £33,611 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 | £224,101 |
|---|---|
| Estimated Current (net) | £180,217 |
Food
| FMT | £184,167 |
|---|---|
| Estimated Current (net) | £144,067 |
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 | £28,000 |
|---|---|
| Stock & Glassware | £10,000 |
| Working Capital | £5,000 |
| Trading Deposit | £5,762 |
| Valuer & Stocktaking | £1,200 |
| Total | £49,962 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | 37,000 |
|---|
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 | 31,025 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
The public areas comprise of:
- Lounge
- Bar
- Dining area
- Function Room
Other areas:
• Kitchen
• Outbuilding
• Garden
• Petanque pitches
• Car park
Living Spaces:
• 3 Bedrooms
• Kitchenette
• Lounge
• Bathroom
Location
Cottesmore has a post office, village shop, garage, a few guest houses and fish & chip shop. All other major amenities can be found in Oakham town centre, which is 4
miles away. The area is well-known for Rutland water, which was created when the twin valleys of the River Gwash were flooded in the mid 1970s to make Europe’s
largest man-made lake which is very popular with tourists.
* This information is generated from our assessment of Fair Maintainable Trade (FMT) at Sun Inn 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 6th March 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].