Crooked Billet

2 West Brook End, Newton Longville, Milton Keynes, Buckinghamshire, MK17 0DF

A BEAUTIFUL THATCHED PUB, WHICH HAS UNDERGONE A STUNNING INTERNAL REFURBISHMENT

This 17th century detached character pub boasts oak beams and an open fire giving the pub a traditional feel. Greene King renewed the thatched roof last year and has invested a significant sum of money into the internal refurbishment. The pub is served by one bar, but split into different food areas over different levels. The pub also has a large garden to the front and side and a good sized gravel car park. Once the right operator has been found, Greene King would consider further investment into the garden areas. There are ninety covers in the site which include traditional pub areas and a more formal dining experience in the restaurant area. The business benefits from having over twelve years of established trade with many accolades to its name. Externally the site has a very large garden and a good sized car park to the side of the pub. This is a fantastic opportunity not to be missed and we expect a high level of interest in the site. *Short term agreements available. Applicants will be considered with a minimum investment of £20,000.00.*

Location

Newton Longville is a small Village, just two miles from Milton Keynes and Bletchley Park, which attracts visitors all year round. This historic Village is famous for its cruck framed Thatched Houses and can be trased back to the domesday book of 1086 when it was known as Nevtone

Business Information

Annual rent

£45,000

Weekly rent

£865

Entry costs

£46,625

Turnover royalty

n/a

Forecasted Operator Turnover

£536,509

Forecasted Operator Profit (inc machine profit)

£51,328

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£36

Type of Tie

Partial tie: Tied All Beer, All Cider, Minerals & Spirits

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £46,625.00, 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 £22,500 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

£11,250

Fixtures & Fittings

£22,500

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£46,625

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 2020 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2020 65 786 2,419
2019 138 1,347 3,430
2018 162 231 5,823

One bar serves the pub with different levels seving food, with the garden providing more space for eating outside. There is a large garden and car park.

Trade Bars

1

Trade Dining Areas

2

Trade Kitchens

1

Trade Food Covers

90

Trade Gardens

1

Trade Patio Areas

1

Trade Rooms to Let

0

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

20

Current Premises License Opening Hours

Mon -Thu: 08:00 - 00:30
Fri - Sat: 08:00 - 01:30
Sun -10:00 - 23:30

This is a lock up site currently with no domestic accommodation.

Private Rooms

0

Lounge

0

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

0

Bedsits

0

BDM Portrait

I am looking for a passionate, enthusiastic operator to take this stunning Pub to new heights. Although it has been trading well recently, I believe that there is real room for development. You must see this Pub to believe it, the internal refurbishment is stunning. If you believe you are the right operator for this great Pub, please contact the recruitment team for further information

Phil Venables, Business Development Manager

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