The Elwes Arms is an attractive brick built detached property located within the private residential area at the end of Oakdale Road, Carlton. The pub is extremely well presented and of the highest standard both internally and externally. With amenities such as an outdoor and indoor play area, trade kitchen, an extensive restaurant area and a beer garden, the pub has brilliant potential to be a successful pub business. With an established food trade, the pub benefits from being the destination of choice in the local area and has a considerably heavy footfall. This is a fantastic opportunity for a new publican to run this exceptional community pub business.
The private accommodation consists of three-bedrooms, a lounge and a kitchen. The space is in good condition and ideal for a family.
Forecast Turnover: £319,418.43
Year 1 Rent: £0.00
Guide Rent: £20,000.00
Initial Deposit: £0.00
Full Deposit: £5,000.00
Full Tie Release: £26,000.00
Agreement Fee: £750.00
Repair Fund: £2,000.00
Fixtures & Fittings: £25,000.00
Working Capital: £31,800.00
Stock & Glassware: £2,500.00
Cash Float: £2,000.00
Forecast Wet Turnover: £252,435.19
Forecast Dry Turnover: £58,586.71
Forecast Other Turnover: £8,396.53
The pub is renowned for its fantastic food, specifically the previous carvery food offer, so is ideal for an experienced couple with preferably one chef. The pub has a large garden and children’s play area which is complemented with additional patio seating areas and a large car park. The layout of the pub is set up as two separate bars and a restaurant area. However, one of the bars is available to become a function room and typically gets extensive booking, providing extra takings for the publican.
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Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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