tenancy
26 Bedford Street, Ampthill, Bedford MK45 2NB, UK
Approx. Total Ingoings
£24,666Annual Rent
£35,000Enjoying a prime location in the heart of affluent Ampthill, the Prince of Wales is a beautiful red brick town inn with an enduring reputation for great hospitality. Between its welcoming traditional interior and extensive two-tier garden, the pub accommodates up to 70 diners, with five individually designed en-suite rooms adding to its earning potential.
The Prince of Wales enjoys considerable footfall as a key landmark on Ampthill’s busy high street, bolstered by a large supermarket adjacent to the pub. Furthermore, with easy access to the M1 and the population of Bedford & Milton Keynes just a short drive away, there exists considerable potential to build on the site’s already strong reputation as a destination dining venue. The Prince of Wales has the potential to reach a fair maintainable turnover of £411,206 net per annum with a 33/50/17 spilt wet/dry/accommodation while sustaining a £35,000 rent.
The Prince of Wales is located in a vibrant and busy high street area with a tremendous amount of footfall supported by Waitrose adjacent to the pub. With easy access to the M1 and the population of Bedford & Milton Keynes just a short drive away, there exists considerable potential for growth.
Beautiful red brick town inn with an enduring reputation for great hospitality. Between its welcoming traditional interior, extensive two-tier garden and letting rooms, this site offers a massive opportunity to maximise its potential as a destination pub within a high street environment.
The property benefits from private accommodation comprising 2 beds, lounge, bathroom and kitchenette.
The current business is focussed on maximising food sales. The pub has a good reputation amongst local diners, however, we feel there is greater potential to generate extra income from the letting rooms and a more traditional food offering, this, linked to events activity will help develop the evening trade while focus on the lunch menu and coffee offer will maximise the weekday potential. Understanding the opportunities combined with regular activity and fantastic hospitality is the key to reaching the full potential of this site. We feel, The Prince of Wales has the potential to achieve £9,489 gross income per week with a sales split of 33/50/17 Wet, Food and Accommodation. Sales at this level support a rent of £35,000 pa. Please note that these are estimated figures which are for guidance purposes only.
The Prince of Wales has much to offer operators with the background and vision to take full advantage of its strong reputation, great location and inviting look and feel. Experience of operating letting rooms and a busy food-led business is essential, while the skillset to develop and market bespoke lunch and evening menus will create new opportunities for the business. Strong commercial and financial skills are required, complemented by a passion for providing fantastic hospitality.
3 year fixed term or renewable tenancy
Beer Garden Private Accommodation Kitchen Parking Letting Rooms Restaurant/Food
Approx. Total Ingoings
£24,666
Annual Rent
£35,000
ANTICIPATED INVESTMENT REQUIRED
We estimate the Investment required for this pub would be as follows:
APPROXIMATE TOTAL £24,666
Please note that these are estimated figures, given as a guide only, and do not include fixtures and fittings.
Security Deposit: £9,000
Stock and Glassware: £3,000
Valuers Fees: £800
Training Course Fees: £500 per person NB £800 for two people
Administration Fee: £400
Advance Rent: £2,916
Working Capital: £8,000
Fixtures and Fittings: £35,000
MISREPRESENTATION ACT 1967
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Over 140 years of brewing expertise has helped grow a small family business in Bedford into one of the UK’s most respected pub companies and brewers with a pub portfolio of nearly 200 pubs across the UK including 17 pubs in France. We take great pride in our heritage, still promoting the same values as our founder Charles Wells to this day, focusing on quality and innovation but keeping our consumers at the heart of everything we do. Although the company continues to evolve, we still remain a family business with the Wells family firmly at the helm.
