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Angel

1 Luton Road, Toddington, Dunstable, Bedfordshire LU5 6DE

An impressive established pub with a reputation for good food, sport and great beer.

The Angel is situated in the village of Toddington, between Luton, Woburn and Milton Keynes. The Angel is a substantial quality outlet that is in excellent decorative order and benefits from a large restaurant area as well as a lounge bar which affords a pool table and large screen TV's. The layout enables both these areas to trade without interfering with each other. Food, music, sport, pool and great ales all go to ensure this is the place to be in the village. Why not visit the pub website on www.angelpub.co.uk

Summary

 

AGREEMENT:

3 Year Tenancy

TYPE OF TIE:

Tied for draught and packaged beers only.

ENTRY COST FROM:

£30,000

ANNUAL RENT FROM:

£46,000 p.a.

£884.62 per wk

Useful Information

PUB CLASSIFICATION:

COMMUNITY MIX

Location:

View map

UpMyStreet.com - What's In The Area

REGIONAL MANAGER COMMENTS

"This is a great opportunity for the right candidates to takeover and further develop an already established business. The site is well equipped and well decorated throughout and will require minimal investment. A passion for good quality pub food as well as being part of the community is a must for the pub."

ANDY WILSON
REGIONAL MANAGER

T: 07974 132833

GENERAL INFORMATION

LOCATION

Located in the village of Toddington, between Luton, Woburn and Milton Keynes. Within easy reach of the M1 junction 12 and A5.

TRADE AREAS

Internal: 2 bars, 2 trading areas, 30 seat lounge, 60 cover dining room/restaurant, 1 function room, toilets, trade kitchen, basement floor cellar and prep room. The condition of the trade accommodation is very good. External: Garden, patio and smoking shelter.

PRIVATE ACCOMMODATION

1 single and 1 double bedroom, lounge, dining room, kitchen and bathroom. The condition of the private accommodation is good.

BUSINESS INFORMATION

AGREEMENT DESCRIPTION

3 Year Free of Tie, Rolling Agreement, free of tie on wines, minerals, spirits and machines. No rent review and a capped RPI increase at 4.75%. Service agreement to include rent repair and maintenance package of £56 per week.

COSTS

£37,000 which includes £20,000 fixtures and fittings, £3,000 stock, glassware, crockery, cutlery, fuel and cleaning materials, £850 legal, £1,500 brokers and stocktaking fees, £900 rent in advance, security bond of £5,000 and working capital £5,000.

RENT

£46,000 per annum, £884.62 per week fixed and subject to annual RPI increase (tracker capped at a maximum of 4.75%) on anniversary of agreement. Paid weekly by direct debit.

VOLUME

YEAR BEER (brls) WINES & SPIRITS (ltrs) MINERALS (ltrs)
2008/09 225 2868 6033
2007/08 283 4175 10958
2006/07 321 4690 12224

ESTIMATING TURNOVER

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation, (if applicable). Barrelage figures are given to assist you with calculations.

VOLUME DISCOUNT

Volume Discount Scheme (VDS) £100 per barrel over Beer Barrelage Target (BBT). Two weeks trading terms.

CURRENT PREMISES LICENCE OPENING HOURS

Monday to Thursday: 11am- Midnight Friday & Saturday: 11am to 1am Sunday: 11am to 11pm

WHAT TO DO NEXT

WHO SHOULD APPLY

The Angel would suit experienced operators looking for a step up to a bigger business, although enthusiasm is more relevent than experience.

VIEWING/INTERVIEW DAY

Informal viewings can be made either by visiting the pub as a customer, or by telephoning Regional Manager, Andy Wilson, on 07974 132833.

HOW TO APPLY

Once you have viewed the property and identified that it's right for you, the next step is to complete an application form. This can be done online at www.greenekingpubs.co.uk. If you do not have access to the internet, or have already completed an application form please telephone 01284 714497 to register your interest. Please ensure your completed application form is received immediately.

Click to contact recruitement team about the pub