Run a Star Pub

Pub Overview

A fantastic opportunity to take the reigns of a well-established village pub with a 3-income stream operation.

The area

The Wheatsheaf is in the village of Hibaldstow approximately four miles from the town of Brigg in North Lincolnshire. The village is a popular spot for Sky divers visiting the nearby Hibaldstow Sky diving centre.

Demographics

The pub benefits from being one of two pubs found in an area of around 2400 adults.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a strong food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via, selection of pub games, such as pool, and darts and live sports. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and a popular carvery.

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

• Foundation Tenancy
  
• Letting Room
  
• Catering Kitchen
  
• Live Sports
  
• Pub Games
  
• Outdoor Trade
  
• Private Accommodation
  
• Car Park
  

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• Catering kitchen
• Smart Dispense
• 4 letting rooms
• Outside terrace
• Car park

Private Accommodation

Private accommodation consists of 2 bedrooms, kitchen, reception room, bathroom.

Pub Financials

Annual Rent £
33,064
Estimated Annual Turnover £
472,277
Deposit £
8,266
Estimated Fixtures & Fittings Value £
15,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
36,766
Estimated Minimum Ingoing Costs £
16,255

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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