Pub Overview Superb Community Pub! This is a fantastic opportunity to be the heart of the community with this already established sports site. What would you do with this pub to make it a success? The area: The Gate Inn, located in the village of Hugglescote, sits directly opposite the local primary school, making it a central fixture within the community. This prime location offers a fantastic opportunity to market to and attract the many parents who visit the school daily. Additionally, the pub is nestled within a residential area, further embedding it into the local neighbourhood. The Demographics: The pub benefits from being the only one found in an area of around 4,000 adults. The diverse customer base is made up of younger couples and families. The offer: Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong drinks offer. What drinks would you look to implement in the pub? The site has the ability to drive trade via live sports and live entertainment. There is a selection of pub games, such as pool, and darts. It offers cask ales, popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade? If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their drinks menu, sports offer and can create a memorable experience for their customers. Features Foundation Tenancy Live Sports Pub Games Smoking Area Cask Ale Outdoor Trade Private Accommodation Monthly Billing Weekly Billing Trading Area & Facilities Separate lounge and bar, both served by a single, central bar Separate pool/games room No kitchen Function room External trading areas to the front, side and rear of the property Car park with eight spaces Private Accommodation Private accommodation consists of three bedrooms, a living room, kitchen and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £15,126 Estimated Minimum Ingoing Costs £8,939 Annual Rent £23,265 Estimated Annual Turnover £352,660 Deposit £5,816 Estimated Fixtures & Fittings Value £2,310 Estimated Stock Valuation £3,500 Estimated Working Capital £3,500 The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT. Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow