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Run a Star Pub

3 months ago

SuttonInAshfield, Nottinghamshire, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Popular Community Hub

The Staff of Life is a well-known community local within the market town of Sutton Ashfield. The pub has a great catchment area and is surrounded by plenty of housing. The area consists of families and couples with expendable income for social activities.

The pub is known for its Skittles team which has won a variety of awards. Other appealing features include a small function room, catering kitchen and car park. The outdoor trading area can accommodate ten tables comfortably.

A traditional home cooked food menu would work well at the pub coupled with a varied events calendar.

Experienced Operator Wanted

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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for the pub 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

  • Catering Kitchen
  • Foundation Tenancy
  • Function Room
  • Pub Games
  • Car Park
  • Outdoor Trade
  • Private Accommodation


Trading Area & Facilities

*New photos coming soon*

The pub is spacious and divided into two clear trading areas - the main bar and a lounge. The interior design of the pub is fresh and welcoming.

There is the added bonus of a small function room.

Outside, the pub has a beer garden that can accommodate 10 tables comfortably. There is also a good sized car park which has the potential to be used for events during the summer months.

Private Accommodation

Private accommodation consists of three bedrooms, living room, kitchen and bathrooms.

Pub Financials

Annual Rent £
17,060
Estimated Annual Turnover £
380,429
Deposit £
4,265
Estimated Fixtures & Fittings Value £
20,975
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
33,740
Estimated Minimum Ingoing Costs £
9,921

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.