Millwrights

83 Walton Road, Aylesbury, Buckinghamshire, HP21 7SN

A GREAT COMMUNITY PUB, WITH REGULAR ENTERTAINMENT, SERVING A FABULOUS PINT OF ALE

Millwrights is a traditional community pub, with a twist, offering regular entertainment, quality food, excellent beer and wonderful, friendly service. The pub appeals for all in the local area, with customer ages ranging from eighteen to eighty. This inclusiveness and friendliness has driven the success of the pub and a quality established business has been formed. The pub holds a quiz every Tuesday evening and this is always sold out. The beer on offer is of great quality and the food is home cooked with great choice on the menu. Internally the pub is well presented and is of a single room layout. There are fifty covers in the bar centred around the single servery. Externally there is a pleasant patio seating area. Any new operator will need to ensure the current standards are maintained, whilst driving new business by building upon the success of the entertainment side of the business.

Location

Business Information

Annual rent

£27,000

Weekly rent

£519

Entry costs

£36,625

Turnover royalty

n/a

Forecasted Operator Turnover

£397,139

Forecasted Operator Profit (inc machine profit)

£25,983

Forecasted Operator Machine Profit

£0

Average Beer & Cider Discount*

£72

Type of Tie

Partial tie: Tied All Beer & All Cider

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £36,625.00, 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 £25,000.00 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

£6,750

Fixtures & Fittings

£25,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£2,000

Other Costs

£1,150

Total Entry Costs

£36,625

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. **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)
2019/20 274 2,782 7,236
2018/19 277 2,784 7,453
2017/18 209 1,818 5,510

Internally there is a large U-shaped bar area, seating fifty food covers. The bar area leads to the enclosed 'secret garden'. There is also a well enquired trade kitchen on the ground floor. Externally there is a good size enclosed rear and side patio and car parking with approximately six spaces at the front of the pub.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

Yes

Trade Food Covers

50

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

6

Current Premises License Opening Hours

Mon - Thu: 08:00 - 00:30
Fri - Sun: 08:00 - 01:30

The accommodation is in fair condition and consists of three bedrooms, lounge, kitchen, bathroom and separate toilet

Private Rooms

7

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

0

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking a pro active food and beverage operator who is skilled in driving trade through community interaction and regular live entertainment. This pub is famous locally for quality entertainment and a fantastic pint of beer, ensuring these excellent standards remain will be essential to your success. To find out more, please contact our recruitment team for further information.

Andrew Milne, Business Development Manager

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