The Bull
Main Street, Broughton Astley, Leicestershire, LE9 6RD
Profit Potential: £50,927 P/A
3 Year Standard Tenancy
- Village community pub
- Main road location
- Good quality food offer
Sorry but we’ve found a great licensee to run Ye Old Bulls Head but worry not, click here to see other great opportunities with Everards Brewery Ltd.
Ye Old Bulls Head is a well established business with a great range of cask ales, a good quality food offer and an array of pub teams. It’s a village pub, right in the heart of the community. This is an opportunity to run an established business and continue to grow the food sales and provide a hub for the local community.
The Opportunity
Sorry but we’ve found a great licensee to run Ye Old Bulls Head but worry not, click here to see other great opportunities with Everards Brewery Ltd.
The pub boasts a lounge, bar and restaurant, as well as a well maintained patio area and garden with childrens play equipment.
Ye Olde Bulls Head has been part of the Everards estate since 1950. The pub is situated in the large village of Broughton Astley, Leicestershire. The village has ancient origins and was formed as an amalgamation of three communities; Primethorpe, Sutton-in-the-Elms and Broughton Astley itself. The pub has a great exterior and the entrance to the pub is over a bridge across a small stream
The successful licensee for this pub will have a sound knowledge of catering, as well as experience of how to market the pub to a wider clientele. If you’re passionate about the pub trade and are looking for an exciting new challenge, then this could be the opportunity for you.
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, 1930.1 kB)
Financial Information
Profit Potential
We anticipate that a tenant could earn £50,927 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 | £342,564 |
|---|---|
| Estimated Current (net) | £324,151 |
Food
| FMT | £130,000 |
|---|---|
| Estimated Current (net) | £73,667 |
Machines
| FMT | £4,524 |
|---|---|
| Estimated Current (net) | £4,524 |
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 | £15,000 |
|---|---|
| Stock & Glassware | £5,500 |
| Working Capital | £5,000 |
| Trading Deposit | £6,917 |
| Valuer & Stocktaking | £1,200 |
| Total | £33.617 |
Rates
These can be checked with the local rating office. We encourage licensees to challenge rates and use a specialist to assist.
| Rateable value | 37,200 |
|---|
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 | 44,584 |
|---|
Interested? Call us on 0800 056 4111 or enquire online »
Interested? Call us on 0800 056 4111 or enquire online »
Public & Private Areas
Public areas comprise of:
• Lounge
• Bar
• Restaurant
Other areas:
• Kitchen
• Patio
• Garden with children’s play equipment
• Large car park
Private areas comprise of
• 2 Bedrooms
• Lounge
• Kitchen
• Bathroom
• Office
• Garden
Location
The village of Broughton Astley is located in South West Leicestershire, about 6 miles to the east of Hinckley and approximately 9 miles fromthe centre of Leicester. As a result of housing developments since 1991 the village now has a population of around 10,000 people. It has low crime and unemployment rates and is a close-
knit community.
* This information is generated from our assessment of Fair Maintainable Trade (FMT) at The Bull 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 21st June 2010 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].