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Run a Star Pub
3 months ago
Exciting refurbishment planned at The New Inn, East Bierley
The full interior at the New Inn will be refurbished, along with the introduction of a new kitchen. The Pub will be renovated to look like a great Premium Local Pub. It will be fresh and modern, but features like the real fireplaces, the snug and of course the real ale which goes down really well with some of the local community. The refurbishment is very much about retaining existing customers, but broadening the appeal to more consumers in the local area.
Externally, we will fully redecorate and resign the pub. A new wooden pergola, and seating area will be added to the rear, which overlooks the scenic golf course.
Beautiful Village Location
The New Inn is located East Brierly, which is a lovely village on the outskirts of Bradford, between Bradford and the Birstall area of Kirklees. The Pub has an enviable car park, and the rear of the pub opens up on to the beautiful views of the local golf course.
There are almost 800 adults in a 10-minute walk time and well over 3500 in a 20-minute catchment area.
There is no immediate competition in the village, with the nearest wet only pub almost a full 10-minute walk away. The nearest food competition is really only accessible via car, making this a great opportunity
Brilliant Community Local Pub
The refurbishment will enable The New Inn to open fully throughout the week to customers looking to eat, drink and socialise with family and friends. There is also space for semiprivate functions such as birthdays, wakes and christenings which will help build up the reputation within the local village and slightly further afield.
The right operator will be able to offer great homecooked food, a fantastic drinks range alongside a great rhythm of the week, and become a firm favourite venue for the people of East Brierley.
Target Customers:
When refurbished, the New Inn will appeal to the whole community
The premium look and feel of the Local Pub will attract one and all. The New Inn will be getting a complete overhaul in look and feel during the refurbishment, but the important features (like the cask ale and real fires) will be getting retained. The people of East Brierly will love the refurbished New Inn.
Offer:
When refurbished, the New Inn will offer:
A wide range of quality draught lagers, ciders and Hand Pull Cask Ales will be available, with a good mix of standard and premium wines, spirits and soft drinks.
Home Cooked Pub Classics and a great Sunday Roast will complement the refurbishment perfectly.
A coffee offer will be the perfect ending to a meal, or during the day for friends and groups to meet up, accompanied by a nice cake or a scone.
Menu specials, and classic pub entertainment like pub quizzes will drive footfall through the week.
Experienced Operator Wanted
If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for the pub and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you've been waiting for, apply today and tell us what you can bring to this pub's next chapter...
Features
- Pub Games
- Outdoor Trade
- Private Accommodation
- Refurbishment Planned
- Investment Tenancy
Trading Area & Facilities
The New Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 57 internal covers
- 52 external covers
- Catering kitchen
- SmartDispense
- Beer garden
- Car park
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code
Private Accommodation
Private accommodation consists of four bedrooms, living room, kitchen and bathroom.
Pub Financials
Annual Rent £
33,970
Estimated Annual Turnover £
395,884
Deposit £
8,493
Estimated Fixtures & Fittings Value £
30,000
Estimated Stock Valuation £
4,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
46,493
Estimated Minimum Ingoing Costs £
46,493
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
