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Bull & Bush, Loughborough

Loughborough, LE12 9JF

Your investment

£15,000

Agreement Type

Tenancy
  • Turn key operation with well established business
  • Exceptional beer garden & outside space
  • Established sports teams (10 in total)

The Bull & Bush is an exciting opportunity and is a leading example of a great community local that is well supported. The pub itself is detached and surrounded by its external areas, situated in a densely populated area of Shepshed , it is in easy reach of the M1 motorway and is situated ½ a mile from the town centre and easy walking distance of the local amenities.

Pub Layout

The Bull & Bush trades from an open plan, L-shaped bar which is located to the right side of the pub, with the catering kitchen located to the left. Featuring fixtures and fittings which are in keeping with the character on the pub, the Bull & Bush offers a cosy atmosphere to enjoy a drink or bite to eat and can cater for approximately 20 covers. Also on the right, is a door leading out to the front landscaped garden with traditional pub benches. It also benefits from two large gardens at the back of the property which act as fabulous beer gardens; this space is maximised in the Summer months. This is completed by a smoking shelter and a large car park for up to twenty cars

The pub has a strong and varied rhythm of the week, with sports & entertainment featuring heavily. The previous tenants have done an excellent job in embedding the pub within the local  community being the hub for numerous charity events, its is essential that the new tenants hold the community close to their hearts and continue with this. There is an opportunity to revisit the small but functional food offer currently available at the pub and look to cater for a wider audience we have a great in house team to help support with this, thinking outside the box to offer something a little different from the normally pub grub mid week and some week night food offerings would be welcomed. Sky & TNT are a must at the pub as well as supporting and developing sports teams  ( ten in total, football , dominos & darts) which are already in place. Live entertainment is popular at the weekend with monthly bands and weekly DJ’s , seasonal external family fun days. The drinks range is value wet led with both cask & keg on offer, good spirit mix on offer

Private Accommodation

Located on the first floor consist of 3 bedrooms, lounge, kitchen & bathroom, all of which are in good condition and would be ideal for a family or couple

Annual Rent: TBC

Security Deposit: £5,000 (Min £3,000 bond build up available)

Stock: £5,000

Working Capital: £5,000

F&F: Funding options may be available for the right licensee

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training: £325 plus VAT

For a breakdown on financial information, please refer to the ‘Additional Info’ tab.

 

This is an exciting opportunity to run a well establish pub, Im looking to work with experienced & well funded tenant who have the ability and skill set to maintain and grow the already established business. Great retail standards & strong rhythm of the week are a must to ensure the customers continue to see the Bull & Bush as the go to pub in the area.

Annual Rent – This is our lowest rent figure associated with a Full Tie.  If the tie is reduced the effective rent (via Tie Release Fees) will increase.  Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed.

Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property.  Our standard deposit is 25% of the headline rent.  On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement.

Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business.

Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened.

Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture.

Tie: All drinks categories are tied.  For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.

Training – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme.  Held online over three days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step.

Service Charge Cost – £60.89 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement.  This also includes full access to e-learning for you and your staff.

*Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.


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