The Plough is situated in the rural village of Woodside, just one mile outside of Luton. This property provides a well-equipped trade kitchen, a bar, restaurant area and an onsite car park.
The internal trade area consists of a traditional drinking space with seating for 20 people as well as seating at the bar and standing room for another 20 guests. There is a traditional bar servery and separate utility to the left of the main drinking area which flows through to the restaurant area, which could be converted into a saloon bar if required with an additional 35 covers. The décor is traditional throughout and there is a mixture of loose and fixed wooden seating. The Plough has been kept in good condition by the outgoing publican.
As you walk out of the back of the pub you enter a spacious patio area with seating for approximately 15 people. This area then leads to a large garden with seating for up to 100 people. There is an opportunity to put a marquee in this area and utilise the space for private functions, it is a tremendous space with huge opportunity.
The private accommodation consists of two bedrooms with fitted wardrobes, a bathroom with a shower and bath and a large internal storage cupboard. There is a small office room and a fully boarded loft space.
Forecast Turnover: £332,535.28
Year 1 Rent: £15,000.00
Guide Rent: £25,000.00
Initial Deposit: £0.00
Full Deposit: £6,250.00
Full Tie Release: £33,750.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £10,000.00
Working Capital: £14,000.00
Stock & Glassware: £5,000.00
Cash Float: £3,000.00
Forecast Wet Turnover: £229,723.52
Forecast Dry Turnover: £102,811.76
Forecast Other Turnover: £0.00
The Plough has the potential to be a tremendous food and family pub. There is a spacious internal area as well as a very large garden with potential to create a great outdoor space which should make it an attraction for families and friends to dine. There are close by villages and towns including Luton, Dunstable and affluent Harpenden, so this pub should attract customers from a wider radius including St. Albans. The business opportunities for attracting customers from people staying in hotels around the nearby Luton Airport are huge.
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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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