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The Rake is a large community estate pub, known for its big screen TV and open-plan lounge, which features a pool table and darts area, popular with the local customer base. The main lounge is in good decorative condition with a large bar servery allowing for numerous vertical drinkers as well as comfy banquette seating areas. There is a small kitchen which offers the potential to provide a basic pub food menu and a separate function room to the left large enough to host around 100 guests and also boasts its own bar. This huge space gives the new publican the opportunity to create a lunch and early evening food offer, creating a dining room atmosphere during the day that can then, easily transform into an entertainment venue in the evening. A recently created external drinking and smoking area adds another facility to the pub which adequately accommodates the requirements of customers. This spaced is part grass and part paved, and the potential lies to introduce several picnic benches for guests to make full use of the area, especially during the warmer months.
Three-bedroom private accommodation ideal for a family.
Agreement Fee: £750.00
Cash Float: £1,000.00
Fixtures & Fittings: £12,000.00
Forecast Turnover: £228,709.08
Full Deposit: £4,000.00
Full Tie Release: £25,750.00
Guide Rent: £16,000.00
Initial Deposit: £0.00
Repair Fund: £2,500.00
Stock & Glassware: £3,000.00
Working Capital: £15,500.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £8,948.63
Forecast Other Turnover: £5,422.87
Forecast Wet Turnover: £214,337.59
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
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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