Run a Wells & Co. Pub - The Kelso, Loughborough

Key Highlights

- Established ‘late night venue’ in the heart of the towns busy night time trading area

- £70k+ potential partner profit

- Two-bar operation with potential to grow functions and private parties

- Roof terrace and fully equipped DJ booth

- Wells & Co to invest over £150,000 in the site

Total Investment 40k - 50k

Potential Partner Profit £71k

Pub Overview

The Kelso has mainly been run as a late night venue, with DJs three nights a week. There are two bars; the main one on the street level, the second upstairs and links to the roof terrace. This could be used as part of normal trading area at the weekends or for private parties, for group bookings and organisations. The upstairs bar has a number of different sections that could be used as private or VIP areas.

Location

Located on Ward's Ends, in the heart of Loughborough's night time scene. Close to the the Jam Garden, JD Wetherspoons "The Moon & Bell" and many other pubs and restaurants. The Kelso is less than a mile from Loughborough University main Campus, and is near to large amount of student accommodation.

Property

The property is on three levels, with trading areas on the first two floors. Office and staff room but there is currently is no private accommodation. Good size cellar and spirits lockup area, a good space (previous kitchen), which houses a glasswasher and large ice machine

Business Potential

Fair Maintainable Turnover of £676,217 - Wet £602,550 89% and Door Income £73,667 11%.

Fair Maintainable Wet Margin of over 67% with full tie in.

Great profit growth potential for an experienced night-time operator c£71,453

Suitable Applicants

The Kelso deserves an astute and experienced nighttime operator who can get the venue back to its full potential following the pandemic. An understanding of both the local music scene and customer base will be key to ensuring a safe, dynamic and desirable experience for guests and staff alike.

Estimated Costs

Total estimated ingoing costs £47,000

Annual rent £75,000