Run a Star Pub

2 weeks ago

Basingstoke RG, Basingstoke, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Excellent Opportunity

The Riverdene is a large pub located in the heart of the Riverdene estate in Basingstoke. This great community local sits in a densely populated residential area and attracts a broad range of customers looking for a comfortable, welcoming pub.

The pub's potential lies in introducing a simple, value-driven food offer to compliment the drinks trade and keep the locals coming back. To excel, this community pub needs to be at the hub of the neighbourhood, a focal point for locals. Supporting the local groups such as darts, pool, fundraising, local schools, business networking etc, is key.

The Riverdean will appeal to a wide range of customers.
  • Sports fans looking to enjoy a quality drink during the big game.
  • Those looking for a premium lager or cask beer that is poured to perfection.
  • Locals who want a traditional community pub.

The offer

The Riverdean is available on our foundation tenancy agreement. Click here for more information on this agreement .

Live sports will be an integral part of the pubs offer, as well as weekly quizzes, pool nights and monthly live entertainment.

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...

Features

  • Catering Kitchen
  • Childrens Play Area
  • Foundation Tenancy
  • Car Park
  • Outdoor Trade
  • Private Accommodation
  • Monthly Billing
  • Weekly Billing


Trading Area & Facilities

In good condition throughout, the pub is split into two very individual areas each with their own bar , both of which are set up for drinking and dining. There are also nine TV screens which are ideal for driving sports.

The catering kitchen is located behind the bar and the pub could easily support 40 to 50 covers.

Externally the Riverdean features an outdoor trading area, which has garden and a children’s play area.

Private Accommodation

The private accommodation consists of four bedrooms, lounge, kitchen and bathroom and office.

Pub Financials

Annual Rent £
20,500
Estimated Annual Turnover £
316,132
Deposit £
5,125
Estimated Fixtures & Fittings Value £
10,300
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
26,425
Estimated Minimum Ingoing Costs £
12,708

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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