Run a Star Pub

2 weeks ago

Wadebridge, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

The area

The Maltsters is located in the village of Chaple Amble, close to Wadebridge in Cornwall. This 16 th century pub is a popular destination venue not only for the local villagers but also for the many tourists that visit the area. It has a fabulous reputation for delivering a good quality food and drink offer.

The Maltster Arms is truly a premier site with a chocolate box appearance outside and beautifully presented inside. It is the perfect place to spend time with friends and family all year round.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a well thought through 50/50 food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade by offering good quality food & drinks in warm and welcoming surroundings.

We're always open to new ideas, what would you do to drive trade further?

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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy 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
  • Foundation Tenancy
  • Private Accommodation
  • Catering Kitchen


Trading Area & Facilities
  • One bar servery
  • Several dining zones throughout
  • Upstairs trading area / dining room
  • 70 internal covers
  • Catering kitchen


Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, bathroom,and kitchen.

Pub Financials

Annual Rent £
24,716
Estimated Annual Turnover £
401,050
Deposit £
6,179
Estimated Fixtures & Fittings Value £
18,000
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
33,679
Estimated Minimum Ingoing Costs £
11,560

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.

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