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Run a Star Pub

4 months ago

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

Scroll down to find the complete details of the job offer, including experience required and associated duties and tasks.

A fantastic opportunity to take over a community focused pub.

What would you do with this pub to make it a success?

The Area

The Estcourt Arms is located in the town of Watford, close to Watford railway station. The pub is surrounded by residential housing with a few commercial premises nearby.

Demographics

The pub benefits from being one of a number of pubs found in an area of around 7500 adults. The community led pub’s customer base is made up of affluent young professionals and young families.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through wet 80% / dry 20% food & drinks offer.

What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via a well-designed live entertainment programme and live sports. It offers a selection of popular beers, ciders, wines, spirits and coffees.

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...

Features

  • Private Accommodation
  • Foundation Tenancy
  • Catering Kitchen
  • Pub Games
  • Outdoor Trade
  • Live Sports
  • Music Venue


Trading Area & Facilities

Trading areas and facilities

•Main trading area with bar

•30 internal covers

•30 external covers

•Small kitchen

•SmartDispense

• Patioed courtyard garden.

•Separate Snug bar

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, bathroom and kitchen.

Pub Financials

Annual Rent £
20,939
Estimated Annual Turnover £
263,826
Deposit £
5,232
Estimated Fixtures & Fittings Value £
5,109
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
19,841
Estimated Minimum Ingoing Costs £
11,244

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.