Property details
Situated on the market square in the heart of Northampton The Penny Loafer (previously The Auctioneers) is going through a major refurb with significant investment planned. Alongside the refurb, the market square in Northampton is having a multi-million-pound development by the council which will bring additional footfall to an already busy market town. The Penny Loafer will benefit from a pavement license looking out onto the market square.
The refurb will focus on bringing it back to a comfortable and cosy traditional pub with HD screens for all the live sports.
The newly refurbished, spacious private accommodation consists of two bedrooms, a bathroom, a kitchen and a living/dining room.
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Live Entertainment
FindMyPub.com
Live Sports
Trading style
The Penny Loafer will be a traditional, value-offering wet-only pub, in the heart of Northampton. The pub will benefit from a range of clientele including regulars, tourists, city centre workers, and a busy weekend nightlife.
The pub offers a comfortable place to meet up with friends and would benefit from strong weekly activity including quizzes, charity events, bar games and live entertainment alongside all the sports packages of Sky, BT, and Racing TV.
This easy one-bar operation is looking for a highly experienced Pub Operator who has a great track record of running wet-led community pubs. The pub company is seeking a self-motivated individual (or couple) who is looking to take on a busy town centre pub. You will need to drive sales through great customer service, promoting your events, and excellent standards.
You will be a self-employed operator and work as a limited company, you will take responsibility for PAYE and offer your team of employees a workplace pension.
Key financials
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Reference Number:
7SOH59 / VPC - NN1
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Agreement Type:
Operator Agreement
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Min Ingoing Cost:
£3,000.00
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Annual Rent:
NO RENT PAYABLE
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the energy performance certificate is available from the landlord.
Ingoing costs: £3,000 deposit
Operator fee - 20% weekly net sales, 10% of machine income + bonus opportunities and incentives.