About the Property
The Rose and Crown has a good mix of steady community trade with the food offer drawing some additional trade from surrounding areas. The pub is supported by the camping and caravan site providing additional income. Traditional pub food is available with lunch time deals and a full evening menu.
300 year old detached 2 storey brick building with a car park for up to 40 cars and a secluded rear garden.
The brick out building can be used as a conference venue or another revenue stream.
There is a large plot of land to the rear with permission for camping use, this is supported by hook ups, toilet and shower facilities
The pub has a central bar supporting 2 separate trading areas, currently used as a bar and dining room. The bar area opens up into a secluded garden.
The Rose and Crown could represent an excellent opportunity for someone with the entrepreneurial flair to develop a food led country pub business. The pub benefits from 40+ dining covers, camping facilities to the rear and an out building which could be used to develop a further revenue stream.
The current turnover is in the regions of £200,000 net p.a. Someone with the vision and expertise to develop a quality food offer and optimise income from the grounds and outbuilding could build on the significantly. A commercial agreement to support the right operator to develop the trade in negotiable.
This opportunity would suit someone with creative vision and a flair for food and hospitality. It is vital that any applicant will be able to engage with the local community to offer the fantastic village pub that Ridgmont deserves. However to make the most of the pubs potential the skills to attract a drive to trade, either through the substantial grounds or high quality food will be beneficial.
TERMS OF TENANCY/LEASE OFFERED
A 3-5 year fixed term or renewable tenancy agreement is offered with a full tie to buy all drinks (beer, wines, spirits, minerals, stouts and ciders) from Charles Wells Ltd.
There is a current premises license in place for alcohol and regulated entertainment, with licensing hours being 11am to 12am Monday to Saturday and 12 noon to 11pm on Sunday. A copy of the license will be made available for applicants to view.
Information about current business rates can be found at www.voa.gov.uk We always encourage our licensees to challenge rates by using Gerald Eve, our nominated specialist.
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
|Security Deposit in the region of
(paid in advance to Charles Wells Ltd) held to cover credit and rental charges. Returnable at the end of the agreement.
£10000 (Ltd co)
|Fixtures and Fittings estimated valuation (paid to the outgoing licensee via the valuer at least 7 days in advance) to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment. The successful applicant must reply upon the valuation provided by their appointed licensed trade valuer in relation to the actual sum to be paid.||
|Stock and Glassware in the region of
(paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.
|Valuers Fees in the region of
(paid to valuer) for valuing fixtures and fittings.
|Training Course Fees per person
(payable to Charles Wells Ltd) 5 day CRISP induction course mandatory for all licensees – NB £800 for two people.
|Administration Fee in the region of
(payable to Charles Wells Ltd in advance) to cover e.g. premises license changes, solicitors fees and agreement.
|Advance Rent in the region of (usually 1 month)||
|Minimum Working Capital Required||
Please note that these are estimated figures, given as a guide only, includes fixtures and fittings.
|Rent in the region of
(payable monthly in advance)
|Service Charge in the region of
Payable monthly, to include: Cellar cooling service, Buildings insurance, Fire Compliance, Boiler maintenance (tenancies only). NICEIC Electrical Test (tenancies only)
|Accountancy Services in the region of
fees for nominated accountant
|Stocktaking Services in the region of
We recommend all licensees should have six professional stocktakes per annum
Please note that these are estimated figures, given as a guide only.
Goods and services may be subject to VAT.
If you’re planning to run a pub you’ll need a Personal Licence. If you don’t already have one, you should start making enquiries to take the one day course and exam to get the Award for Personal Licence Holders (APLH). For information on getting a Personal Licence and training courses available, please look at http://www.charleswellspubs.co.uk/static/training or phone us for the relevant details
You will also need to complete the online BII Pre-Entry Awareness Training (PEAT) course, which has been introduced to help prepare new licensees for taking on their own pub. Applicants will be asked to provide evidence that they have completed the course before they can be offered a pub. Details can be found online on the BII website at www.bii.org/peat
To make an application for this business opportunity, please complete an application form and return it to us as quickly as possible. You can apply online, by post or by calling Philippa Stanbrdige on 01234 244423 or via email at firstname.lastname@example.org. Please fill in as fully as possible and give us a call if you’ve any queries.
When we’ve had a chance to consider your application, you may be invited to attend an initial interview. This will give you and Charles Wells the chance to learn more about each other. You will also have the opportunity to ask any questions you have.
BUSINESS, FINANCE & MARKETING PLAN & 2ND INTERVIEW
If your initial interview is successful, we’ll ask you to prepare a business plan for the pub for presentation at a 2nd interview. You’ll need to include your ideas for developing the pub’s potential and must also include the source of funding for purchasing the business and any developments that may be needed.
If your application is successful, an offer will be made and confirmed in writing. This will include the legal position or ‘Heads of Terms’ of the appropriate agreement. You’ll be expected to attend our five day retailer induction course (CRISP). This will help prepare you for your new business venture and you’ll meet a number of key Charles Wells staff. If this is your first tenanted or leased pub, we also offer the chance to spend time with one of our experienced retailers in their pub.
Charles Wells provides a high level of business support, some of which will be provided through the Monthly Service Charge.
• AWP Consultancy
• Short term loans for business purposes
• Technical Services
• Accountancy support / stocktaking
• Payroll support
• Training courses
• Wine List Planning
• Facilities and Compliance review
• Central point of contact through customer helpdesk
MISREPRESENTATION ACT 1967
Charles Wells Ltd gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
Location / Area
The Rose and Crown is the only pub in Ridgmont, a village in Bedfordshire close to J13 of the M1. Ridgmont has around 500 local residents and is 5 minute’s drive away from both Woburn Safari Park and Woburn Forest Center Parcs. There is also an industrial estate featuring large companies such as Amazon and FedEx.
40 cars and secluded garden.
- 5 en-suite letting rooms
- Camping site
- Domestic Accommodation-3 bedrooms, an office, bathroom, small kitchen and a storage area.
- Dining Areas
- One Central Bar
- Toilets with addition utility rooms and storage
- Fully Equipped Catering Kitchen
- Basement cellar
|Rent Price||£60,000.00 Per Annum|