tenancy
41 Union St, Bedford MK40 2SF, UK
Approx. Total Ingoings
£24,108Annual Rent
£33,700The business has recently benefited from a huge capital investment in all areas of the trade and back of house facilities. Its now presented as a quality neighbourhood premium community local pub, serving locally brewed cask ales and a modern contemporary food offering. Sat in the heart of a very desirable residential area of Bedford and just a short walk from the town centre, there is a fantastic opportunity for a passionate community operator to take full opportunity of a well run and established business. The pub benefits from seating for 38 covers and a very well presented 50 cover patio for al fresco dining, supported by a fully equipped modern trade kitchen and basement cellar. Whether guests are looking for a quiet morning coffee, a spot of lunch, a few drinks with friends or a place to celebrate a birthday, The Foresters Arms is a great place to visit offering something for everyone!
The Foresters Arms is located on the busy main road, Union Street, walking distance from the town centre and off the main A6 road into Bedford. This heavily populated area has seen large investment with new property builds and increasing house prices.
The Foresters Arms is a detached two story property. The exterior is brick with a tiled roof, small private secured off road parking for the business owner and out buildings providing ample storage. The recently developed patio/garden space is very well equipped, with a modern feel and covered dining area. The pub is a one bar operation with 38 covers which are serviced by a very well equipped catering kitchen, and basement cellar. The private accommodation consists of 2 bedrooms, a lounge, kitchen and bathroom/toilet. All presented in fantastic condition.
This business has traded in excess of half a million pounds net income per annum. Food is key to the business providing the local residents with a relaxed pub dining opportunity and very popular take away service. A highly skilled chef is in place, along with a service orientated front of house team driving a very memorable pub experience. There is great opportunity to build on the existing high level of income by further promoting the current weekly schedule of activity to maximise footfall and covers. From previous experience, based on the style of operation and the location, the Fair Maintainable Turnover is estimated to be £390,000 net income with a wet food split of 78%/22%. Please note that these are estimated figures which are for guidance purposes only.
The Foresters Arms would suit an experienced, successful community focused operator with the drive to maintain the pub’s current high level of customer service and footfall. Strong commercial, marketing and financial skills are a must, along with the commitment to providing fantastic hospitality.
3 year fixed term or renewable tenancy
Beer Garden Private Accommodation Kitchen Cask Ale Restaurant/Food
Approx. Total Ingoings
£24,108
Annual Rent
£33,700
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
APPROXIMATE TOTAL £24,108
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.
Security Deposit: £8,500
Stock and Glassware: £3,500
Valuers Fees: £800
Training Course Fees: £500 per person NB £800 for two people
Administration Fee: £400
Advance Rent: £2,808
Working Capital: £8,000
Fixtures and Fittings: £34,000
MISREPRESENTATION ACT 1967
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Over 140 years of brewing expertise has helped grow a small family business in Bedford into one of the UK’s most respected pub companies and brewers with a pub portfolio of nearly 200 pubs across the UK including 17 pubs in France. We take great pride in our heritage, still promoting the same values as our founder Charles Wells to this day, focusing on quality and innovation but keeping our consumers at the heart of everything we do. Although the company continues to evolve, we still remain a family business with the Wells family firmly at the helm.
