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Merry Monarch, Leicester

Leicester, LE3 0QD

Your investment

£9,500

Agreement Type

Tenancy

The Merry Monarch is a large 1960’s detached pub situated on the outskirts of the diverse university city of Leicester in the suburb Westcotes . The pub has a varied local demographic who regularly visit the pub.  The pub is on the main transport links to the city centre making it a good stop off for customers heading into town of an evening with a small shopping arcade nearby. The Merry Monarch is also only a couple minutes from Leicester City’s King Power Stadium and several parks, trust and all city centre amenities.

The Merry Monarch is a large 1960’s detached pub situated on the outskirts of the diverse university city of Leicester in the suburb Westcotes . The pub has a varied local demographic who regularly visit the pub.  The pub is on the main transport links to the city centre making it a good stop off for customers heading into town of an evening with a small shopping arcade nearby. The Merry Monarch is also only a couple minutes from Leicester City’s King Power Stadium and several parks, trust and all city centre amenities.

Pub Layout

Layout on entry you are greeted by the large wooden bar servery which services the what is currently classed as the main bar area. This is home to a pool table, dart board and numerous tv screens. The fixtures and fittings include a large fixed seating area with loose tables this could easily hold thirty people plus vertical drinkers. The separate function room is accessed through an separate entrance although the bar services both areas. This area holds a wooden dance floor has fixed seating and loose tables and chairs. It also benefits from a projector screen. Externally there is a large, grassed drinking area and covered smoking shelter. This is enclosed and could lend itself to events. There is a public pay and display car park adjacent to the pub.

Trading Style

The pub currently operates as a busy community pub showing live sports and hosts a pool and darts team. Our vision is to maintain existing trade but to build and offer more to the community utilizing the full area of the pub as well as introducing a simple food offer which would provide and additional income stream. There is an opportunity to develop the function room for private parties or large sporting events.

Private Accommodation

The private accommodation is of a good size and provides ample space for a family. The first floor consists of two bedrooms, large living room/lounge , kitchen and domestic bathroom. It also has an additional roof terrace which is for the private accommodation.

Annual Rent: £19,500

Security Deposit: £5,000

Working Capital: £2,500

Stock: £2,000

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: £250 plus VAT

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

I am looking for an applicant who can run a diverse community pub, someone who understands the needs of the local community and that can incorporate something for all ages. A strong marketing plan that caters for day and evening and enhance the current offering.

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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