Run a Star Pub
2 weeks ago
Candidates should take the time to read all the elements of this job advert carefully Please make your application promptly.
Sensational refurbishment planned
An extensive refurbishment at the Winterton in the quaint village of Chiddingfold, will transform the pub into a great pub with great food. The works will include a complete redecoration and refurbishment to the indoor and outdoor trading spaces. We will be upgrading the main trading area, overhaul the bars existing counter and backfitting, with new flooring and decorations. We will also be upgrading the toilets, trading kitchen and cellar.
Externally, we will be rejuvenating the garden space, forming a new attractive seating area in the large beer garden with festoon lighting. The pub will receive a face-lift with brand new signage, enhancing its kerb appeal and attracting in passing trade and locals.
Beautiful village location
The pub itself is located in Godalming. Godalming is located in Surrey. The Winterton Arms is appointed perfectly for a destination venue. The pub can attract the local community of c. 1000 people within a 20-minute walk, but there is a big opportunity to attract destination customers further afield. There are no other pubs within a 10-minute walk time and only one within a 20-minute walk of the pub.
A pub with huge potential
The potential to invest in this pub will allow for a step change to where it sits in the market and make it stand out from the limited competition. This pub would work for An operator who can drive a rhythm of the week and has a passion for food. The Winterton would suit an operator who is looking to expand in the local area, but also could be a great opportunity for a single-site operator with some exciting ideas. With 99 internal and over 150 external covers, this pub has huge potential.
Target customers:
Once refurbished, the Winterton will appeal to:
A wide range of consumers and will attract the local community looking for a great space to enjoy drinks or some traditional pub food with a warm, welcoming atmosphere.
Families with children looking to enjoy a mid-week treat.
Couples and friends looking for a drink or bite to eat at the weekend.
Offer:
Once refurbished, the Winterton offer will include:
Premium drinks offer including draught lagers and ciders, a quality wine selection and a good range of spirits.
Traditional pub food at a high standard.
A coffee offer, to increase daytime trade.
Potential for tasting events & wine pairings as well as traditional pub quiz, and events in the vast garden space.
Features
- Private Accommodation
- Outdoor Trade
- Refurbishment Planned
- Catering Kitchen
- LongTerm FRI Lease
Trading Area & Facilities
The Winterton will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016) .
Private Accommodation
The private accommodation consists of living room, 2/3 bedrooms, kitchen and bathroom.
Pub Financials
Annual Rent £
62,000
Estimated Annual Turnover £
753,241
Deposit £
15,500
Estimated Fixtures & Fittings Value £
104,705
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
133,705
Estimated Minimum Ingoing Costs £
133,705
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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Run a Star Pub
2 weeks ago
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