Property Information
Address:
MIDLAND RAILWAY HOTEL, Melton Road, Leicester
, LE7 2JS
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH175110
Property Ref/Agent: MIDLAND RAILWAY HOTEL, Melton Road, Leicester,LE7 2JS
*Please use the agent ref when calling the agent directly.
Property description
Profit Potential £35,157 per annum
Partnership Options Tenancy or Lease
Quality community pub with good reputation in Leicester
The Midland Railway is about to receive a complete transformational refurbishment.
The Midland Railway is known to local residents of Syston for its community services and with a suitable investor, it could regain its title as the best local pub in the area. This pub will be the aspirational site in Syston, a quality drinking and dining pub with great facilities such as spacious garden, a private function room and a customer car park.
Business facilities
There will be a full interior and exterior refurbishment at the Midland Railway. It has a public bar and lounge bar which can be used for social drinking and dining along with a separate function room for events and celebrations. There is a games and sports area along with dining space, beer garden with
children?s play area and 40 parking spaces.
Private accommodation
A family could easily run the Midland Railway Hotel and call it their new home. The private
accommodation available at the Midland Railway Hotel includes a private bathroom, three private bedrooms and a private kitchen.
Pub Type
Community Pubs form the backbone of our estate. Local pubs found on the street corner, in suburbs, neighbourhoods, on housing estates, in towns and villages around the country. At its core the Community Pub should always provide a relaxed and friendly atmosphere for customers living in the neighbourhood. To excel, Community Pubs need to be at the hub of their neighbourhood, a focal point for locals. Supporting the many and varied interest groups of the community;darts, pool, fund raising, local schools, business networking, whatever they may be, is key. Just as a Community pub needs to accommodate the different types of customer within its own neighbourhood, the environment from one Community Pub to another varies tremendously. It is this diversity that makes the Community Pub what it is.
This offer is based on great quality and great service. It is not a price sensitive proposition. It focuses on delivering a complete customer experience. Marketing is quality led with an evolving offer, often driven by calendar occasions and the seasons. Food provenance, local and seasonal ingredients, premium brands and high service levels with a personal touch, all come to play. This is an aspirational environment which consistently delivers a great customer experience.
Would this pub suit you-
The Midland Railway?s success is reliant on good customer service and cask ale offers. To ensure the pub reaches its full potential, the new owner must maintain cask ale knowledge and be capable of communicating with customers. The pub needs to be at the centre of village life and offer community events, fund raising activities, sports teams along with great pub food and a welcoming atmosphere.
What's the area like-
This pub is detached and is based near many transport links, giving this part of Leicester its nickname as a commuter town. The area of Syston is steadily growing and there is a great scope for attracting out-of-towners who can travel to the Midland Railway via bus, train or car. The tight-knit community consists of more than 15,000 people, proving this a suitable investment for someone who wants to cater to local people.
Ingoing Costs
When you take on a Punch pub, you will need to provide a deposit and pay for the fixtures and fittings and legal fees. In some circumstances and for some pubs, we
may be able to help you out with your payments for fixtures & fittings and your deposit, subject to application and approval. Please enquire about this when you apply for your Punch partnership.
We estimate the initial investment you will need to make to take on this pub will be
£24,048
The value of fixture & fittings represents the amount payable at the start of your
agreement. The remainder is subject to sales agreement payable over an agreed period
of time
Deposit £8,498
Fixtures and Fittings £15,000
Minimum Legal Fees £550
Total £24,048
Please note: this does not include your rent and additional funds for stock and glassware, Stamp Duty Land Tax, training and working capital will be required.
Profit Potential: £35,157 per annum
This is our estimate of the potential annual operating profit of the pub business. It does NOT include the financial benefits of any living accommodation, and you should also consider the value of that accommodation when making your decision.
Turnover Potential
Drink £299,092
Food £104,650
Machines £5,000 (Machine turnover net of machine rental)
Other £1,083
Total £409,825
FMT Beer Barrels: 305 barrels per annum
This is the number of tied barrels of ale, lager and cider we estimate you will buy from us
at your agreed Partnership discount.
1 barrel = 36 gallons = 288 pints.
Trade History
Total ale, lager and cider deliveries in last 12 months: 195 barrels
Total ale, lager and cider deliveries 1-2 years ago: 252 barrels
Approximate partner income from machines: £2,500
MIDLAND RAILWAY HOTEL, Melton Road, Leicester,LE7 2JS
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