Halley's Comet

101 Bradwell Road, Bradville, Milton Keynes, Buckinghamshire, MK13 7AW

MANAGED OPERATOR AGREEMENT - PUB MANAGEMENT EXPERIENCE ESSENTIAL

Halley's Commet represents a great opportunity to translate your pub management experience into running your own pub business, with our Managed Operator Agreement. We will be investing a significant sum of money into this site, as the pub has become dated and tired and needs upgrading. The refurbishment will enable it to become part of the local community offer again, where customers feel comfortable eating, drinking, socialising with partners, family and friends alike. The refurbishment will include a large covered alfresco pergola to the large rear garden area with heating, festoon lighting and TV showing live sports with comfortable new garden furniture. Internally the bar back fitting will be upgraded and refurbished with new decorative hanging glass racks above. The existing sports bar area will be separated with new door and side screen, so families feel more comfortable to the front area of the pub. All floor finishes, soft furnishings, lighting, furniture are to be replaced to suit the new scheme and hard flooring refurbished. The toilets are to be enhanced and tidied up. The refurbishment will also include complete new external decorations and signage. To qualify to enter into this agreement you must have pub management experience and be prepared to be an integral part of the local community and able to drive and promote a regular calendar of events, whilst offering a good quality pub food offer. You must be able to manage a strong team, promote the pub actively on social media and connect with the community regularly. This is a great opportunity to run your own business, whilst Greene King will offer all the support, training and guidance needed to translate your experience into running your own business.

Location

Milton Keynes is a large town in Buckinghamshire, England, approximately fifty miles north-west of London. At the 2011 Census, its population was almost 230,000; the Office for National Statistics estimates that it will reach 300,000 by 2025. Milton Keynes has one of the more successful economies in the UK, ranked highly against a number of criteria. It has the UK's fifth highest number of business startups per capita (but equally of business failures). It is home to several major national and international companies. Halley's Commet is located in Bradville, which is a Northern suburb of the town

Business Information

Annual rent

n/a

Weekly rent

n/a

Entry costs

£7,000

Turnover royalty

n/a

Forecasted Operator Turnover

£432,941

Forecasted Operator Profit (inc machine profit)

£34,101

Agreement

• 5 Year managed operator agreement • £20,000 per annum guaranteed management fee • Weekly turnover royalty • Plus audit bonuses

Entry cost of £5,000 is payable on change day. This includes legal fees and start up training costs. An extra £2,000 will be required as working capital, to ensure there is sufficient cash flow in the business before we make our first payment to you. You will be responsible for paying any staff wages including Employers National Insurance, liability insurances to protect the business and the public, TV licence and council tax for private accommodation.

Deposit

N/A

Fixtures & Fittings

N/A

Legal Admin Fee

N/A

Broker Fee

N/A

Stocktaking Fee

N/A

Working Capital

£5,000

Other Costs

£2,000

Total Entry Costs

£7,000

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.

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 221 1,276 5,763
2018/19 291 2,032 7,831
2017/18 284 2,068 6,999

The single room trading space will be zoned into bar, lounge and snug areas all serviced from a central bar servery. TV Sports viewing will be available throughout along with traditional pub games in the bar area. The large covered patio area is easily accessible from all areas of the pub and extends onto a large lawned garden.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

85

Trade Gardens

Yes

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

10

Current Premises License Opening Hours

Sun-Thu: 08:00-23:00
Fri-Sat: 08:00-00:30

The accomodation is in good condition and comprises three bedrooms, kitchen, bathroom and living space.

Private Rooms

8

Lounge

Yes

Dining Rooms

0

Double Bedrooms

2

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an operator with pub management and catering experience . I am hoping you will utilise the skills you have gained in pub management to become a real community champion. You'll need to offer a good quality traditional pub menu and engage with the locals, to build a great business. If you match our criteria and are looking take the next step, please contact the recruitment team for further information.

Mark Horton, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.