The Golden Cross, Ardens Grafton

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Pub Details

Wixford Rd, Alcester, B50 4LG

Destination Food

Ingoing Costs: £26,000

Pub Rent: £29,500

About the Pub

The internal trade areas of this business comprise of three dining areas, having a total of approximately 100 covers, with a wealth of period charm including original exposed beams and flagstone floor. There is easy access to the restaurant, which can double up as a function area for private parties as well as double door access to the rear trade garden offering an additional 75 covers. Externally the business offers the potential for wedding events and private functions of a similar nature, with ample room for external marquees which could be situated in the rear overflow car park.

Key Highlights

Stunning main road Cotswold pub and restaurant set in 0.9 acres
Characterful beamed bar with log burner and 60 covers add to the initial impression
Expansive gardens and car park
Separate restaurant which doubles as a function room for over 40 covers
Payment plan available for the fixtures and fittings purchase
4-bed Private accommodation

Suitable Applicants

This business represents a great opportunity for an experienced catering couple or multiple site retailers who are committed to providing a first class pub/dining experience, with excellent customer service skills and an interest in hosting events.

Financial Overview

APPROXIMATE TOTAL
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings
£24,500
Administration Fee
In the region of (payable to Wells & Co. Ltd in advance) to cover e.g. premises license changes, solicitors fees, and agreement
£430
Security Deposit
Paid in advance to Wells & Co. Ltd, held to cover credit and rental charges. Returnable at the end of the agreement.
£10,000
Working Capital
Minimum working capital required
£10,000
Stock & Glassware
In the region of to cover the value of opening stock
£3,000
Valuers Fee
In the region of (paid to valuer) for valuing fixtures and fittings
£800
Advanced Rent
In the region of 2 months rent
£1,151
Fixtures & Fittings
Estimated valuation to purchase e.g. carpets, curtains, tables and chairs, kitchen equipment (£est)
£TBC

Anticipated Retained Income

Drink 40%
Food 60%
Accommodation 0%

Ongoing Costs

Service Charge
Payable monthly, to include: Cellar cooling service, Extract clean x 3, Buildings insurance, Fire Compliance, Boiler maintenance & Electrical Test (tenancies only) and premises licence annual renewal fee.
£5,200 p/a
Dilapidations service charge
Payable monthly
£80 p/m
Accountancy Services
Fees for a nominated accountant (in the region of)
£4,900 p/a
Stocktaking Services
Six professional stocktakes per annum recommended
£1,472 p/a
Rent
In the region of (payable monthly in advance)
£29,500 p/a

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