The Kelso, Loughborough

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Pub Details

Ward’s End, Loughborough, LE11 3HA

Town Centre Night Venue

Ingoing Costs: £33,000

Pub Rent: £65,000

About the Pub

The Kelso has mainly been run as a late night venue, with DJs three nights a week. There are two bars; the main one on the street level, the second upstairs and links to the roof terrace. This could be used as part of normal trading area at the weekends or for private parties, for group bookings and organisations. The upstairs bar has a number of different sections that could be used as private or VIP areas.

Whilst there is no private accommodation, there is an office and staff room. The Kelso benefits from a good size cellar and spirits lockup area, a space (previously a kitchen) houses a glasswasher and large ice machine.

Wells & Co will repaint the outside of the building.

Key Highlights

Late night venue located in town near busy drinking area
2 bar operation (one useful for private parties and functions)
Roof Terrace enabling volume growth from functions and private parties
Well equipped bar, enabling speedy cocktail service
Financial Support package whilst the Kelso builds to the Fair Maintainable trade level

Suitable Applicants

Wells and Co is looking for an experience night time operator, who can get the Kelso back to its potential following the pandemic and some different types of operation. A person who understands the current Music scene of the customers – which are mainly students and locals. The operator needs to be able to keep control of the operation to make sure it is safe for the customers and for the staff, and a place were people “want to be”.

We are looking for a Pub Partner to invest in the DJ Booth and decks, which will be taken into consideration as part of the Financial Support package.

Financial Overview

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.
39,100
Security Deposit
Payable in advance to Wells to cover charges incurred by your business. If your business is to operate as a limited company a bond of £10,000 is required together with a personal guarantee for all directors
16,250
Stock and Glassware
In the region of (paid to the outgoing licensee on the day of changeover) to cover the value of opening stock.
0
Valuers Fees
In the region of( paid to valuer) for valuing fixtures and fittings.Minimum working capital required
910
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement
520
Advance Rent
Rent free period for this site
£0
Working Capital
Minimum working capital required
16,000
Fixtures and Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs,
kitchen equipment.
20,000

Anticipated Retained Income

Ongoing Costs

Service Charge
Payable monthly, to include:
Cellar cooling service, Buildings insurance, Fire
Compliance, Boiler maintenance (tenancies only).
NICEIC Electrical Test (tenancies only)
£72 p/w
Accountancy Services
fees for a nominated
accountant
£61 p/w
Stocktaking Services Six professional
stocktakes per annum
£29 p/w
Rent In the region of (payable monthly in
advance)
£65,000

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