Tom Thumb
Grove Road, Blaby, Leicestershire, LE8 4DG
Profit Potential: £46,611 P/A
3 Year Standard Tenancy
- First year rent negotiable, call us for details.
- Situated in densely populated residential area
- Great potential to build the current drink sales
Positioned in the centre of a densely populated area of Blaby The Tom Thumb is a highly maintained pub which caters to a wide range of customers. The pub has benefitted from a scheme of refurbishment to be able to meet the needs of the local market. The Tom Thumb is a great opportunity to run a community focussed pub with potential to build the drinks side of the business.
The Opportunity
The Tom Thumb has everything in place for a fantastic local’s pub. It benefitted from an extensive refurbishment in 2009 which has been highly maintained to this day. At the time of the refurbishment multiple areas were created for customer ease. Whether to enjoy a pint after a busy day at the office, a glass of wine and a gossip with the girls, or the lads enjoying a game of pool, the Tom Thumb has it all.
The pub is well positioned in the centre of a densely populated area of Blaby and is a favourite meeting place for all. With a large car park and garden area the scope to create community fun days and charity events is huge. If you enjoy having a laugh and like to be involved with your local community then this is the pub for you. We are looking for someone with a real desire to make a difference and build on the already strong sense of community. The role of licensee is quite simply to place the Tom Thumb at the heart of 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, Mike Brown, on 07860 100 433.
Financial Information
Profit Potential
We anticipate that a tenant could earn £46,611 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 | £338,398 |
|---|---|
| Estimated Current (net) | £242,080 |
Food
| FMT | £108,333 |
|---|---|
| Estimated Current (net) | £25,000 |
Machines
| FMT | £5,000 |
|---|---|
| Estimated Current (net) | £5,000 |
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 | £25,000 |
|---|---|
| Stock & Glassware | £4,000 |
| Working Capital | £5,000 |
| Trading Deposit | £4,108 |
| Valuer & Stocktaking | £1,200 |
| Total | £39,308 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £29,250 |
|---|
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 | £37,248 |
|---|
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 Tom Thumb:
- Lounge / Bar
- Garden
- Large car park
Other areas:
- Outbuildings
- Kitchen
Living Spaces
- Three bedrooms
- Sitting room
- Kitchen
- Bathroom
- Separate toilet
Location
The Tom Thumb is located on the outskirts of Blaby, and is surrounded by residential properties. Blaby is some 5 miles south of Leicester City centre and is believed to have got its name from the first vicar to reside in the Village. Although there are few buildings of outstanding historical or architectural interest in Blaby, old Blaby is a conservation area. It contains some ancient and picturesque dwellings and has a charming ‘olde world’ fee
*This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Tom Thumb 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 19th September 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