Black Bull

Main Road, Margaretting, Ingatestone, Essex, CM4 9JA

TRADITIONAL VILLAGE PUB, WITH FABULOUS GARDEN

The Black Bull is a traditional, locals Pub in the Essex Village of Margaretting. The Pub really is at the heart of the local community and is known locally for its home cooked pub grub. The pubs trade is split roughly 50/50 between wet and dry sales. The pub encourages local groups and clubs to use their facilities and are home to a local darts and local dominos club, who meet regularly. This is a true locals pub, however, utilising social media and creative marketing could encourage new customers to the pub. The trade space is tidy and well presented, offering approximately fifty eight food covers internally. Externally, there is a large beer garden, which is well used during the summer months and could be utilised further to build trade.

Location

Business Information

Annual rent

£22,000

Weekly rent

£423

Entry costs

£36,875

Turnover royalty

n/a

Forecasted Operator Turnover

£317,214

Forecasted Operator Profit (inc machine profit)

£21,159

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£72

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £36,875.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £20,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£6,000

Fixtures & Fittings

£20,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£8,000

Other Costs

£1,150

Total Entry Costs

£36,875

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. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 98 0 0
2018/19 101 0 8
2017/18 96 0 0

The trade space is a traditional layout of public bar and separate lounge, providing in all some fifty eight covers. Externally there is a lovely large rear garden and a car park offering sixteen parking spaces.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

58

Trade Gardens

Yes

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

16

Current Premises License Opening Hours

Mon-Wed: 10:00-00:00
Thu-Sat: 10:00-01:00
Sun: 12:00-23:30

The accommodation is large and consists of four bedrooms, lounge, dining room, bathroom and separate toilet.

Private Rooms

8

Lounge

Yes

Dining Rooms

1

Double Bedrooms

3

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced, enthusiastic operator or couple who really know how to engage with their local community and run a traditional Village pub. The Black Bull is available for the first time in twenty seven years, so understanding the locals and building relationships will be key. To find out more about this great pub, please contact the recruitment team for further information.

James Pearson, Business Development Manager

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