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Run a Star Pub

2 months ago

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

Increase your chances of reaching the interview stage by reading the complete job description and applying promptly.

The area

The First In Last Out is situated in the cite of Winchester, in the county of Hampshire, on the edge of England's South Downs National Park. It’s known for the medieval Winchester Cathedral and lots of our historical tourist attractions including the Great Hall of Winchester Castle that houses the medieval King Arthur round table.

The offer

The First In Last Out is available on our investment tenancy agreement. Click here for more information on this agreement .

A full range of premium beers and ales along side quality wines and spirits. It will also have a good mineral range and coffee selection.

The menu will reflect a traditional good ‘Pub Grub’ offer with a selection of classics and daily specials. With a the added bonus of BBQ’s in the summer months.

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

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 First In Last Out will have experience in a destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy, entertainment offer and pub Games 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 pubs next chapter...

Features

  • Catering Kitchen
  • Investment Tenancy
  • Outdoor Trade
  • Pub Games
  • Private Accommodation


Trading Area & Facilities

The First In Last Out 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
  • 60 internal covers
  • 80 external covers
  • Catering kitchen
  • SmartDispense
  • Landscaped garden with patio

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 (2016).

Private Accommodation

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

Pub Financials

Annual Rent £
35,534
Estimated Annual Turnover £
462,432
Deposit £
8,884
Estimated Fixtures & Fittings Value £
34,786
Estimated Stock Valuation £
3,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
501,700
Estimated Minimum Ingoing Costs £
50,170

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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