|
Item |
Cost £ |
Notes |
Purchase of the agreement and goodwill
(in the case of a transfer only) |
5,000-100,000+ |
If you are purchasing an existing business you will pay for the existing term of agreement remaining and goodwill if relevant. This figure is very much dependent on the value of the business and your negotiation. Punch Taverns is not involved in this unless it intends to offer a new agreement. |
| Fixtures and fittings (F&F) |
3,000-30,000 |
An inventory needs to be produced and F&F valued. The purchase of F&F may have tax implications. Speak to your accountant for more information. |
| Valuer's fees |
800-1,000 |
You may need to get a professional valuation for the F&F - valuers details. |
| Agent's fees |
500 |
Some areas of the country may incur a fee (e.g. the South and London). |
| Ingoing stock |
2,500-7,000 |
Valued at changeover by an independent stock-taker - contact details. |
| Dry Stock |
500-2,000 |
Payable if you carry on with the same food offer. |
| Containers |
200-300 |
Includes crates and gas. |
| Till rolls and cleaning materials |
100-200 |
These may be valued within the stock figure. |
| Cost of stock take |
100-200 |
May be a 50% payment if cost shared. |
| Glassware |
500-1,200 |
Normally valued and paid for separately. |
| Rent leases |
500-6,000 |
You will be asked for a month's rent in advance for new agreement or an apportionment of the current month for transfers. |
| Till floats and change drawer |
800-1200 |
2-3 tills @ £250 plus £300 change. |
| Fruit machine floats |
200-300 |
2-3 machines @ £100 each. |
Insurance premiums
(F&F, stock, public & employer's liability) |
250-450 |
Cost of annual premium. |
| Trade contents insurance |
250-2,000 |
Cost of annual premium. |
| Buildings insurance |
800-6,000 |
Cost of annual premium and invoiced by Punch Taverns via the rent statement. |
| Surveyor's fee |
300-800 |
Cost of full structural survey. |
| Solicitor's fees and licensing |
750-2,000 |
Should cover all legal fees, including Punch Taverns costs. |
| General working capital |
3,000-10,000 |
This will cover those unforeseen costs such as rentals on equipment or breakdowns just after you take over. |
| Training |
1,195 |
Punch Taverns requires you to attend our Modern Licensed Retailing induction course. This will cover all aspects of running a pub and introduce you to the way we do business. |
| TOTAL |
20,000 -145,000 |
N.B. VAT will be payable on certain items. You should always consult an accountant or other financial advisor to ascertain your own personal financial requirements. |