Run a Star Pub
3 weeks ago
Have you got what it takes to succeed The following information should be read carefully by all candidates.
Transformational refurbishment planned
An extensive refurbishment at this beautiful pub in the tranquil village of Send.
This will include a complete redecoration and refurbishment to the indoor and outdoor trading spaces. We will form a new dining extension to the rear of the pub, reconfigure the ladies & gents toilets plus much more.
Externally, we will be rejuvenating the front garden space, forming a new attractive seating area. Improvements will be made to the car park and the pub will receive a face-lift with brand new signage. This will be a truly great pub, with great food.
Affluent area
The pub itself is located in Send. Send is a village and civil parish in the Guildford borough of the English county of Surrey. The pub is surrounded by lots of natural beauty that Surrey has to offer. The pub also benefits from being five miles from Woking. The pub benefits from affluent demographics and over 2,550 adults that stay within a 20-minute drive time. Making it a great choice for locals or those travelling from further afield.
A pub with huge potential
In the immediate area, there is just one competitor pub. An excellent range of premium food and drinks, a complete refurbishment and a stunning setting will separate the site from anything else in the area and beyond. The Saddlers Arms will give people a reason to stay local. The outside space will also be a key trade driver. It will boast some 78 interal covers and 56 external. All we’re looking for is the right operator...
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 Saddlers Arms will have extensive experience in hospitality businesses. They will have a clear vision for their food & drinks menu, 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...
Target customers:
Once refurbished, the Saddlers Arms will appeal to:
A wide range of consumers and will attract local residents and families willing to travel for some great food & drink with a warm, welcoming atmosphere.
Couples and professionals looking for a drink or bite to eat throughout the week
Offer:
Once refurbished, the Saddlers Arms offer will include:
Quality pub food, which will be a cornerstone of the offering
Premium drinks offer including lagers, wines, ciders and spirits.
A coffee offer will increase daytime trade
Quiz and theme nights throughout the week
Community events hosted in the pubs fantastic outdoor areas will be another key part of the pubs offer.
Features
- Catering Kitchen
- Car Park
- Outdoor Trade
- Refurbishment Planned
- LongTerm FRI Lease
Trading Area & Facilities
External
External redecoration including masonry and joinery.
New signage scheme.
New extension to trade area.
Enhance frontage area.
INTERNAL
General stripping out.
Internal alterations to form new layout including conversion of toilet area in trade space, new toilet accommodation, formation of new cellar area, structural opening through to new extension etc.
Fitting out trade areas including making good, new finishes where required, new oak flooring etc.
Upgrade bar servery and replace upper back bar fitting.
Overhaul doors and windows generally.
Re-finish bar top.
Internal redecoration generally including trade areas, toilets, cellar, kitchen etc.
KITCHEN & BACK OF HOUSE
Upgrade kitchen to EHO compliant.
All S2L works as identified.
Kitchen extract works as required.
Attendance on F&F contractors.
Main Contractor preliminaries and H&S requirements in accordance with CDM Regulations.
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 4 bedrooms, bathroom and kitchen.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
Pub Financials
Annual Rent £
75,004
Estimated Annual Turnover £
996,907
Deposit £
18,751
Estimated Fixtures & Fittings Value £
124,000
Estimated Stock Valuation £
14,885
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
161,136
Estimated Minimum Ingoing Costs £
161,136
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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