Willow
215 Humberstone Lane, Thurmaston, Leicestershire, LE4 9JR
Profit Potential: £62,681 P/A
3 Year Standard Tenancy
- Extensively refurbished pub in 2006
- Well established in the local community
- Dedicated sports bar with Sky TV, pool & darts
Sorry but we’ve found a great licensee to run The Willow but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The Willow is an established community pub which offers excellent potential to build upon the current food and drinks business. This well maintained pub sits on an extensive plot offering ample car parking space and it has several trading areas including a Lounge Bar which offers access to an impressive patio area. In addition to this, The Willow features a Public Bar which includes facilities such as a darts board and pool tables to support local demand for pub games and sports.
The Opportunity
Sorry but we’ve found a great licensee to run The Willow but worry not, click here to see other great opportunities with Everards Brewery Ltd.
Thurmaston has a population of 9,000 and The Willow is surrounded by a mixture of new builds and mature housing and this places the pub in a very desirable position. We wish to work with you to develop a tailored retail marketing plan in order to capitalize on local custom.
The Willow would be an ideal pub opportunity for an experienced community pub operator who has an interest in both hosting and screening live sports within the pub. Working together we would like to maintain The Willow as a community pub. To achieve this we will work with you to develop a retail food offer that provides customers with home-cooked food at a price point of £5.99. This will be delivered in a daily promotion format in order to attract local custom.
Our overall vision is to ensure that The Willow remains the chosen venue for locals, teams and sports fans within the Thurmaston area.
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, Martin Bailey, on 07801 610938
Download the details for this opportunity » (PDF, 1968.8 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £62,681 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 | £451,740 |
|---|---|
| Estimated Current (net) | £359,585 |
Food
| FMT | £130,000 |
|---|---|
| Estimated Current (net) | £104,000 |
Machines
| FMT | £14,000 |
|---|---|
| Estimated Current (net) | £14,000 |
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 | £34,000 |
|---|---|
| Stock & Glassware | £5,000 |
| Working Capital | £6,000 |
| Trading Deposit | £12,000 |
| Valuer & Stocktaking | £1,200 |
| Total | £58,200 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | £43,750 |
|---|
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 | £43,170 |
|---|
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
- Garden
Other areas
- Kitchen
- Outbuildings
The private accommodation comprises of:
- Three Bedrooms
- Sitting room
- Kitchen
- Bathroom and separate toilet
- Office/dining room
- Garage
Location
Thurmaston is a village and civil parish within the Charnwood district of Leicestershire, positioned just north of Leicester. It benefits from easy access to the A46 and surrounding areas.
* This information is generated from our assessment of Fair Maintainable Trade (FMT) at Willow 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 24th April 2009 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].