Brewery Tap
22 Park Street, Luton, Bedfordshire, LU1 3ET
LUTON TOWN CENTRE
The Brewery Tap is a wet led pub in Luton town centre. The pub is very much central to the local community and is sports focused. The current trade is 100% wet, however, there is a trade kitchen which could allow food to be reintroduced. The new operator will have the opportunity to develop the food offering and drive wet sales. The pub already has a strong local trade which should be continued and developed. With the local university and shopping centre there is ample opportunity to encourage students and shoppers into the pub.
Bar
Kitchen
Patio
Location
Luton is a town and unitary authority with borough status in Bedfordshire with a population at the 2021 census of 225,262. The Brewery Tap is sited within Luton town centre, opposite the University of Bedford’s Luton campus and next to The Mall, a large shopping centre. The busy location means that there is a large passing trade which can be taken advantage of.
Business Information
Annual rent
£46,500
Weekly rent
£894
Entry costs
£29,500
Turnover royalty
n/a
Forecasted Operator Turnover
£591,236
Forecasted Operator Profit (inc machine profit)
£61,448
Forecasted Operator Machine Profit
£15,000
Average Beer & Cider Discount*
£144
Type of Tie
Full tie: Access to Discounted Wines, Spirits & Minerals Price List
Agreement
Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£46,500 per annum) takes into consideration a machines supply concession. The annual rent will be £54,000 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £29,500 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £20,000. 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
£11,625
Fixtures & Fittings
£5,000
Legal Admin Fee
£825
Broker Fee
£750
Stocktaking Fee
£150
Working Capital
£10,000
Other Costs
£1,150
Total Entry Costs
£29,500
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
| Year | Beer (Brls) | Wine & Spirits (Ltrs) | Minerals (Ltrs) |
|---|---|---|---|
| 2023 | 335 | 1,924 | 7,676 |
| 2022 | 407 | 2,355 | 8,667 |
| 2021 | 233 | 1,223 | 4,867 |
The main entrance opens into a casual lounge bar area set for drinks. A large bar servery is along the left wall. To the rear of the property is a pool room and access to a substantial patio garden area. Trade kitchen is on the first floor.
Trade Bars
1
Trade Dining Areas
2
Trade Kitchens
1
Trade Food Covers
72
Trade Gardens
0
Trade Patio Areas
1
Trade Rooms to Let
0
Meeting Rooms
0
External Child Play Areas
0
Function Rooms
0
Customer Car Park Spaces
0
Current Premises Licence Opening Hours
Mon-Sat: 08:00-02:00
Sun: 10:00-02:00
The accommodation comprises 2 bedrooms, kitchen, lounge, bathroom and toilet.
Private Rooms
6
Lounge
1
Dining Rooms
0
Double Bedrooms
2
Single Bedrooms
0
Bathrooms
1
Toilets
1
Private Kitchens
1
Offices
0
Bedsits
0
I am looking for an experienced operator with a background in wet led pubs. A strong sense of community and local knowledge would be advantageous. The ability to do a basic food offer would open up further opportunities at the site.
Daniel Nixon, Business Development Manager
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