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Run a Star Pub

3 months ago

Chester CH, Chester, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Refurbishment Planned

Attractive New Deal - BDM support with 50% rent in year one , lower ingoing costs and high discount on draught beers. This is a great opportunity for the right operator to take this wet-led business to the next level.

Popular community wet-led pub in the heart of Chester’s Garden Quarter

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

The area

The Chichester Arms is located in the town of Chester close to the University of Chester. The pub is surrounded by residential housing.

The offer

The Chichester is available on our investment tenancy agreement. Click here for more information on this agreement . The site has the ability to drive trade via live entertainment, live sports and a selection of pub team related activities. It offers a selection of popular beers, ciders, wines and spirits.

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 pubs next chapter...

Special Offer - unlike standard terms for Investment Tenancies, we are offering the option to rent the Fixtures & Fittings on this pub in exchange for a six months’ deposit. We are also happy to discuss a deposit build up as part of the negotiations.

Features

  • New Deal
  • Investment Tenancy
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Pub Games
  • Private Accommodation


Trading Area & Facilities

  • Main trading area with bar
  • 40 internal covers
  • 40 external covers
  • Smart Dispense
  • Enclosed rear beer garden
  • Wet-led games area


Private Accommodation

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

Pub Financials

Annual Rent £
16,053
Estimated Annual Turnover £
246,134
Deposit £
8,027
Estimated Fixtures & Fittings Value £
12,350
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
28,877
Estimated Minimum Ingoing Costs £
12,513

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.