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Run a Star Pub
4 months ago
Attractive New Deal - BDM support with 50% rent in year one. With lower ingoing costs, high discount on draught beers and the right operator the Chequers Inn can be the best community focussed pub in the area.
Fantastic opportunity to take over a community focused pub.
What would you do with this pub to make it a success?
The area
The Chequers Inn is located in the centre of Cropwell Bishop, a popular village in the vale of Belvoir. The pub is surrounded by residential housing.
The pub benefits from being one of 3 pubs found in an area of around 1500 adults. The Chequers Inn customer base is mainly made up of couples.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in introducing a competitive 90/10 wet-ledoffer. What food & drinks would you look to implement in the pub?
The site currently could drive trade via live sports, live entertainment and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and
We're always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you've got the following, we'd love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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...
Special Offer - unlike standard terms for Foundation Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months' deposit. We are also happy to discuss a deposit build up as part of the negotiations.
Features
- New Deal
- Catering Kitchen
- Pub Games
- Smoking Area
- Car Park
- Outdoor Trade
- Private Accommodation
- Foundation Tenancy
Trading Area & Facilities
- Traditional style welcoming bar area
- Separate dining room
- 70 internal covers
- 40 external covers
- Small catering kitchen
- Car Park
- Smart Dispense.
- Large garden
- Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials
Annual Rent £
13,351
Estimated Annual Turnover £
220,938
Deposit £
6,676
Estimated Fixtures & Fittings Value £
11,220
Estimated Stock Valuation £
3,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
24,896
Estimated Minimum Ingoing Costs £
10,338
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.
