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Holywell, Hinckley

Hinckley, LE10 1HL

Your investment

£20,000

Agreement Type

Tenancy

Hinckley is a market town in southwest Leicestershire, between the cities of Leicester and Coventry. Located close to the centre of Hinckley the Holywell Inn trades from a main bar area with an extensive restaurant section for food.

Hinckley is a market town in southwest Leicestershire, between the cities of Leicester and Coventry. Located close to the centre of Hinckley.

Pub Layout

The Holywell trades from a main bar area with an extensive restaurant section for food. The pub also has a dedicated pool room which leads on from the large function room which is available for customers to hire. The pub also has large TV screens enabling customers to enjoy sporting events as well as traditional pub games (darts, cards, dominoes etc).

This local community pub has an excellent food trade and is a cosy pub suitable for all occasions. It attracts a wide customer base for both its food and drink as well as boasting loyal regular custom. The day round offers are popular and will be key to the ongoing success of the site.

Private Accommodation

The private accommodation consists of three bedrooms a lounge, kitchen and upstairs office.

Annual Rent: £18,080

Security Deposit: £5,000

Working Capital: £10,000

Stock: £5,000

Fixtures and Fittings: Upon Valuation  – funding options 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.

 

The site would be best suited to an experienced food operator and it would be advantageous if they had some functions experience. Being able to make the most of the day round trade and clever marketing of the function space will ensure that trade continues to grow.

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

Training – This is required when taking on a Business Support Agreement.  Included is an e-learning package for you and your staff and attendance to our ‘Set Up To Succeed’ workshop held at our Head Office in Chester.  Please note, you will be required to attend this workshop before signing a long term tenancy agreement.

Service Charge Cost – £28.01 per week – This is a weekly charge that includes statutory compliance certification (including Annual CP12 and CP42 gas test), cellar cooling services (including full insurance to cover repairs and / or replacements), Health & Safety Essentials (including assessments) and Licensing Support.


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