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The Windmill, the oldest pub in Loughborough, is a detached building located on the edge of the town centre next to a picturesque church that attracts tourist to the area. Loughborough is home to a well-established university and is located between Nottingham and Leicester. The population of Loughborough is circa 60,000 plus a significant university population in the town during term time.
The Windmill trades from a central bar that services all areas of the pub, on entering the pub there is an area to the left with a feature fireplace that is currently used as a dining / snug area. To the right is the main bar with an open fire place that has seating for approximately 35 people with each room having access to the main bar. There is a fully equipped catering kitchen just off the main bar which easily services the pub. To the rear of the pub is an enclosed picturesque courtyard area that can be accessed from the main bar with space for 4-5 picnic benches.
The Windmill trades as a community local with good community support, it is home to 3 darts teams a dominoes team and also hosts weekly quiz and karaoke both of which are extremely popular. The Windmill has become well known for its quality cask ale and lunchtime food offering with the Sunday lunches extremely popular. Admiral Taverns are looking for a couple to maintain and build on this offer.
Annual Rent: £18,500
Security Deposit: £5,000
Working Capital: £3,000
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.
The living accommodation consists of 4 bedrooms, a lounge, kitchen and bathroom all in good condition.
Admiral Taverns are looking for an experienced licensee who can maintain and develop the already excellent offer at The Windmill Inn. The success of the Windmill will rely heavily on the licensee of the business making time for, and getting actively involved with the community whilst also making visitors to the area feel welcome. The Windmill already has a good reputation for home cooked food, currently the menu runs across lunchtimes only with Sunday lunches being very popular, and there is an opportunity for the new licensee to use their food knowledge to expand the menu offering and drive the sales into the evenings. The Windmill has become available due to the current licensees wishing to retire, so the new licensee will need to have the experience to come into a thriving pub and maintain the existing robust trade whilst being able to grow sales through their experience and knowledge of the industry.
Mon – Thurs 12-22.30 Fri 12 – 23.30 Sat 12 – 00.00 Sun 12- 10.30
The premises may qualify for Small Business Rates Relief in which case the non-domestic rating liability may be nil subject to the ratepayer occupying only one property for the purposes of business.
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.