Run a Star Pub

2 weeks ago


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

Any additional information you require for this job can be found in the below text Make sure to read thoroughly, then apply.

The Royal George is a cosy, community local based in village of Purton, northwest of Swindon centre. This family friendly pub is surrounded by affluent residents looking for a comfortable, stylish pub to enjoy a relaxed, delicious meal and drink. Ideally positioned on a main artery leading into the village centre, the pub has the potential to be a food led, community hub.

Features

Trading Area & Facilities

The Royal George has a charismatic, rustic bar servery, complimented by a two large, modern dining areas. Outside, the pub has good kerb appeal and an enviable, extensive beer garden.

Private Accommodation

Private accommodation at the Royal George consists of 3 bedrooms, a lounge and kitchen.

Pub Financials

Annual Rent £
13,910
Estimated Annual Turnover £
223,559
Deposit £
3,478
Estimated Fixtures & Fittings Value £
10,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
21,978
Estimated Minimum Ingoing Costs £
9,659

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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