tenancy
The Green, Ashby-de-la-Zouch, Leicestershire LE65 1JU, UK
Approx. Total Ingoings
£8,350Annual Rent
£10,400The Plough Inn is a historic traditional public house, in the desirable town of Ashby-de-la-Zouch. Known for cask ales, its open log fireplace, live music and friendly welcome, this is a rare opportunity to take on a thriving wet-led public house, with potential to develop it further. It comprises a well-presented bar and lounge, and a very well-maintained rear beer terrace, which is perfect for the warmer months. The currently under-utilised trade kitchen is capable of producing a simple pub food offer to boost trade. This is an exceptional opportunity and is being offered for the first time in a number of years. The pub requires a knowledgeable and hands-on publican that can exploit the cask ale potential, deliver great customer service, entertainment, and introduce a simple food offer.
Private Accommodation: The private accommodation comprises two large bedrooms, a lounge, bathroom and kitchen.
The Plough Inn is a well presented traditional bar and lounge, with one central bar servery and approximately 45 covers. Both areas are decorated in a traditional period style with a mixture of fixed and loose furniture. An ornate open log fireplace is positioned in the bar area which is a key feature of the pub. There is a small trade kitchen which could be utilised to develop a simple pub food offer or good quality bar snacks. This pub is known for occasional live music and has recently introduced an open mic night every Thursday.
The Plough Inn benefits from a large, well-maintained and enclosed beer terrace with approximately 30 covers, perfect for the warmer months. This area also features a substantial dedicated wooden smoking shelter.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Cask Ale
Approx. Total Ingoings
£8,350
Annual Rent
£10,400
Potential Turnover: £234,000.00 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Partnership Terms
Introductory Rent: £10,400.00 per annum, payable weekly in advance.
Based on discount scheme PARTNERSHIP BAND L
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £17,500.00 per annum.
The proposed agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss, your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital start-up: £8,350.00 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit (calculated as 25% of £10,400.00), refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated fixtures & fitting value: £9,000 (excl VAT)
To be discussed with the Regional Manager.
Rateable Value: £9,950
Uniform Business Rate April 2017 47.9p (England) 47.9p (Wales). To establish the rate payable, please contact the relevant Local Authority.
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Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
