If you are looking for managed partnership pubs in Leicester , ‘The Copt Oak’ is now available !
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Managed Partnership Pubs In Leicester – The Copt Oak Is Available !
The Copt Oak is located in a good quality housing estate in the village of Narbourgh which sits between Leicester & Hinckley.
The pub is a modern one bar, open plan trading floor with a designated dining area and large bar area which is ideal for watching TV sport and pub games. To the front of the building is beer garden and patio.
The pub is located next to a small shopping area that is home to a Tesco Express and fast food takeaways.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Managed Partnership Pubs In Leicester – The Copt Oak Is Available !
The Copt Oak is located in a good quality housing estate in the village of Narbourgh which sits between Leicester & Hinckley.
The pub is a modern one bar, open plan trading floor with a designated dining area and large bar area which is ideal for watching TV sport and pub games. To the front of the building is beer garden and patio.
The pub is located next to a small shopping area that is home to a Tesco Express and fast food takeaways.
We are looking for an operator who wants to be at the heart of the community and engage in the local area. A talented operator who can deliver a quality pub food offer whilst driving the wet side with a compelling rhythm of the week to appeal to the whole community.
The Opportunity
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
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.
Private Accommodation
Private Kitchen
Yes
No of Double bedrooms:
3
No of Reception rooms:
1
No of Private bathrooms:
1
Office
Yes
Managed Partnership Pubs In Leicester – The Copt Oak Is Available !
Financial Info
Estimated weekly sales:
£12,000 per week
Sales Mix:
80/20
Retailer % Wet Sales:
30%
Retail % Food Sales:
89%
Retailer % Rooms Sales:
N/A
Security deposit:
£5,000
Legal fees:
£360 + VAT
Working capital:
£5,000
Total ingoing costs:
£10,360 + VAT
The Copt Oak Leicester
We are looking for an operator who wants to be at the heart of the community and engage in the local area. A talented operator who can deliver a quality pub food offer whilst driving the wet side with a compelling rhythm of the week to appeal to the whole community.
