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Glen, Glen Parva

Glen Parva, LE2 9PT

Your investment

£9,375

Agreement Type

Tenancy

The Glen is a large traditional pub located on a housing estate in Leicester. Glen Parva is a civil parish in the Blaby district of Leicestershire, with a population of over 17,000 just 4.5 miles from Leicester City Centre and 1 mile southeast from Fosse Shopping Centre. Public transport runs through the parish and also easy access to the M1 And M69 Glen Parva has a host of amenities such as Recreational grounds, local nature reserves, along with several local business. The Glen is a rare opportunity as it has traded under the same licensee for the past 14 years.  The housing estate is a blue collar area.

The Glen is a large traditional pub located on a housing estate in Leicester. Glen Parva is a civil parish in the Blaby district of Leicestershire, with a population of over 17,000 just 4.5 miles from Leicester City Centre and 1 mile southeast from Fosse Shopping Centre. Public transport runs through the parish and also easy access to the M1 And M69 Glen Parva has a host of amenities such as Recreational grounds, local nature reserves, along with several local business. The Glen is a rare opportunity as it has traded under the same licensee for the past 14 years.  The housing estate is a blue collar area.

Pub Layout

On entering through the main front door, you are welcomed into an open plan trading area with the bar servery centrally located. To the right of the bar is a pool area and to the left is a darts oche and large screen TV. To the rear of the pub is a small snug that could be used as a small meeting area or dining area. The pub can facilitate up to 45 covers as their is a small commercial kitchen. The ladies and gents toilets are well presented and are located to the rear of the pub behind the bar servery. There is also a food prep area located behind the bar allowing the pub to offer bar snacks. Externally there is a fantastic patio area that has recently been renovated to a high standard with benches and a smoking solution.

It has a large car park to the front and good sized beer garden at the rear. The Glen shares the car park with a Coop convenience store.

The pub trades as wet only at the moment, primarily with a draught offer. It trades as a community pub with darts, pool and poker through the week with live music, karaoke and disco at the weekend presenting a strong rhythm of the week. Their is opportunity to introduce a small food or back bar food offer.

Private Accommodation

The private accommodation consists of 3 bedrooms, Lounge, Kitchen, Office, Utility room and WC all in good order.

Annual Rent: TBC

Security Deposit: £5,000

Working Capital: £2,000

Stock: £2,000

F&F: TBC (Funding options available)

Training: £325 plus VAT

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

The Business Development Manager (BDM) is looking for and experienced Licensee for this traditional pub that is the heartbeat of the community, famous for teams and a strong rhythm of the week. There should be a good value and traditional pub food offer. The Glen also has versatility to cater for occasions.

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)

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

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

 

 


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