Run a Star Pub - Blacksmiths Arms Rothwell - Market Rasen

Pub OverviewA great opportunity to take over this popular pub/restaurant set in the heart of the Lincolnshire wolds. The pub has benefited from a recent refurbishment and is very popular with locals and tourists alike.Popular village pub/restaurant situated in the heart of the Lincolnshire wolds.Fantastic opportunity to take over this fantastic rural pub.What would you do with this pub to make it a success?The areaThe Blacksmiths Arms is located in the village of Rothwell, In the heart of the Lincolnshire Wolds an area of outstanding natural beauty. The pub is popular with locals and visitors from the surrounding towns and villagesDemographicsThe pub benefits from being one of 1 pubs found in an area of around 169 adults. The customer base is made up of mature adults.The offerAvailable on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a strong 70/30 foodoffer. What food & drinks would you look to implement in the pub?The site currently offers a selection of a pub classic menu, cask ales, and popular beers, ciders, wines and spirits.We’re always open to new ideas, what would you do to drive trade?If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu and their marketing strategy and can create a memorable experience for their customers.If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…FeaturesFoundation TenancyCatering KitchenOutdoor TradeChildrens Play AreaCask AleCar ParkPrivate AccommodationTrading Area & FacilitiesMain trading area with bar Separate dining room 50 internal covers Large catering kitchen Smart Dispense Large beautiful garden for alfresco dining Large carparkPrivate AccommodationPrivate accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, and office.Pub FinancialsPub Financials IconEstimated Total Ingoing Costs£42,241Estimated Minimum Ingoing Costs£16,413Annual Rent£34,966Estimated Annual Turnover£488,759Deposit£8,741Estimated Fixtures & Fittings Value£20,000Estimated Stock Valuation£10,000Estimated Working Capital£3,500The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month\’s rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month\’s rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month\’s rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. #J-18808-Ljbffr