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Run a Star Pub

3 months ago

York North Yorkshire, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

If you are considering sending an application, make sure to hit the apply button below after reading through the entire description.

Rare City Garden Space - Refurbishment Planned

Gibsons is a high street circuit bar in the centre of historical York, a highly popular tourist destination in North Yorkshire.
The pub is perfectly located in the heart of the city beside the city walls and is one of the first bars at the top of Micklegate ensuring it benefits from excellent footfall.

The planned refurbishment by Star Pubs and Bars will see Gibsons transformed into a stylish premium pub with the ability to appeal to a varied customer base, including tourists, locals, and students and further boost the potential of the pub.

To see an example of a recently completed refurbishment click here.

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 Gibsons will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy 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 pub’s next chapter...

Features

  • Outdoor Trade
  • Private Accommodation
  • Refurbishment Planned
  • LongTerm FRI Lease
  • Monthly Billing


Trading Area & Facilities

Internally, Gibsons is a comfortable, rustic bar with a rock music-themed decor. The pub is made up of an open plan main trading area featuring the bar and small side rooms leading off from the main area.

The planned refurbishment will see a breadth of textures internally, exposed brickwork, attractive seating and lighting and a brighter bar with an improved back bar focused on a premium offer with more an equal drink and food split.
External works will highlight the size and maximise the use of hidden courtyard space, a rarity on the York high-street. A mixed clientele will be attracted by the stylish finish from tourists, locals, and student visitors.

To see an example of a recently completed refurbishment click here.

Private Accommodation

The pub’s private accommodation is substantial in size, further detail to be provided. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Pub Financials

Annual Rent £
70,163
Estimated Annual Turnover £
917,581
Deposit £
17,541
Estimated Fixtures & Fittings Value £
95,902
Estimated Stock Valuation £
15,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
131,943
Estimated Minimum Ingoing Costs £
131,943

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.