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Run a Star Pub

4 months ago

Sheffield S, Sheffield, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Fantastic opportunity to take over a community focused pub.

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

The area

The Three Merry Lads is located on the edge of Sheffield close to many walks around Rivelin Valley. The pub has the feel of a rural country pub whilst being very close to Sheffield City centre just six miles away with suburban area of Fulwood and Crosspool also just a few minutes down the road.

Demographics

The pub benefits from being one of three pubs found in an area of around 1,119 adults within a 20-minute walk time. The Three Merry Lads customer base is made up of mixed age group of 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 well thought through 60/40 food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via a fantastic food offers, live sports, live entertainment and pub games machines. It offers a selection of cask ales, a pub classic menu, and coffees.

We’re always open to new ideas, what would you do to drive trade?

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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and 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...

Features

  • Foundation Tenancy
  • Function Room
  • Catering Kitchen
  • Childrens Play Area
  • Outdoor Trade
  • Private Accommodation
  • Car Park


Trading Area & Facilities

  • Main trading area with bar
  • Separate dining room
  • 80 internal covers
  • 80 external covers (benches)
  • Large kitchen
  • Function room
  • Smart Dispense
  • Large garden with play area
  • Car park with 35 spaces


Private Accommodation

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

Pub Financials

Annual Rent £
39,265
Estimated Annual Turnover £
624,460
Deposit £
9,816
Estimated Fixtures & Fittings Value £
22,000
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
42,816
Estimated Minimum Ingoing Costs £
14,272

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.