Are you looking for a Managed Partnership Pub in the Loughborough area? If so why not run ‘The Generous Briton’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Generous Briton is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Managed Partnership Pub In Loughborough – Run The Generous Briton !
The Generous Briton is a community local pub in the affluent and picturesque village of Costock, north Leicestershire. This pub is a 19th Century detached brick building boasting many character features.
The ideal operator will need to be business minded with the ability to embrace the local community and assist with running events, not just in the pub, but also in the village. We are looking for an operator who will also able to market the pub effectively through the use of social media.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Managed Partnership Pub In Loughborough – Run The Generous Briton !
The Opportunity – The Generous Briton Loughborough
You can have the best of both worlds with our new and exciting Pillar Agreement. Support is key for this turnover-share agreement which shares the risk and the opportunities between both parties, creating a partnership and focus to give your guests a first-class experience. We share the net sales and some of the cost base – building a deal that gives both parties a solid base to build and grow a profitable business.
• The option to leave your old life behind and be your own boss
• Live rent-free in the pub
• Marston’s will pay your utilities for you – lighting, heating and water
• Between us we will agree the wet product range to support your food offer.
• You retain an agreed percentage of all income streams (net of VAT) and have full control over your food offer and accommodation (where applicable)
• Low ingoing costs
• Marston’s will take responsibility for all repairs and decoration both internal and external, (except the private residential accommodation).
• No service charge applies to this agreement
• Have your Broadband, cutting-edge EPOS system and online booking tools (where appropriate) supplied by Marston’s
• Fixtures and fittings would be owned by Marston’s
• Keep 50% of the profits from any gaming machines
• Offer the award-winning range of fantastic Marston’s beers, wines, spirits and minerals
• Have your drinks stock supplied and paid for by Marston’s
• Expert induction training plus on-going training and support from your dedicated Business Development Manager and support teams
Private Accommodation
Private Kitchen
Yes
No of Double bedrooms:
3
No of Reception rooms:
1
No of Private bathrooms:
1
Office
Yes
Things to consider
You’ll need to put in a £5k deposit, plus legal fees and monies to cover your insuring obligations under the agreement (except building insurance, which we’ll pay for and recharge to you). Also, you’ll want to start thinking about your team; taking care of paying them and all other employment matters. We’re on-hand to offer guidance as you plan your business overheads, like business rates (and your own residential Council Tax).
Before we all sign the agreement and see you heading into a whole new life, you will need to show us proof that you have taken independent financial advice from a suitably qualified accountant on your business plan and professional advice from a solicitor, in accordance with the requirements of the Pubs Code Regulations. And, of course, obtain your personal licence (which we’ll help with) and complete your induction training.
This is a five-year commitment, so you have plenty of time to build a successful business. However, if you do want to leave early, there is a break option in the agreement which entitles you to give six months’ notice to terminate
Financial Info
Estimated weekly sales:
£6,000
Sales Mix:
84/16 Wet/Dry Split
Retailer % Wet Sales:
35%
Retail % Food Sales:
87%
Security deposit:
£5,000
Legal fees:
£360
Working capital:
£2,000
Total ingoing costs:
£7,360
