Barrels (to be re-named The Cannon)

2 weeks ago

Luton, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Job Description:

Check out the role overview below If you are confident you have got the right skills and experience, apply today.
Pub Overview

External refurbishment planned
We are planning a refurbishment at the Barrels, that will focus on improving the exterior of the pub and giving it a name change to The Cannon. The interior of the site is already in fantastic condition. The pub will benefit from new signage, the construction of a covered pergola and new paint to reflect the quality of the pub and improve its kerb appeal.

Excellent location
The Cannon is located in Stopsley a busy suburb Luton. The pub is located in the centre of Stopsley. With a total population of almost 8,914 within a 20-minute walk this pub is in a great location. The population has medium to high affluence bands and would prefer a great high street pub.

Community favourite
The potential in the pub lies in creating a great food & drinks offer. The Cannon will appeal to locals within the community all year round. With 68 internal covers and 65 external, this pub has huge potential. All we're looking for is the right operator…

Offer
Available on our Investment tenancy agreement. 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

Childrens Play Area
Catering Kitchen
Car Park
Outdoor Trade
Private Accommodation
Refurbishment Planned
Investment Tenancy

Trading Area & Facilities

 Main trading area with bar Catering kitchen Function room SmartDispense Large garden with children's play area Pub Games

Private Accommodation

The private accommodation for this site consists of 3 bedrooms, living room, kitchen, bathroom and office.

Pub Financials

Annual Rent £
19,800
Estimated Annual Turnover £
327,121
Deposit £
4,950
Estimated Fixtures & Fittings Value £
6,245
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
20,695
Estimated Minimum Ingoing Costs £
11,150

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.