Star Pubs Leased & Tenancy
Location
Lincoln, Lincolnshire | United Kingdom
Job description
Pub Overview
Family Friendly Pub & Restaurant The Stags Head sits in Newport, at the gateway to the historic Lincoln Bailgate and Cathedral Quarter. Lincoln is a very popular tourist city attracting many visitors all year round.
The Stags Head is supported by an enviable catchment area made up of families, students and mature couples enjoying city life.
This substantial pub offers excellent features such as a large function suit, catering for all occasions and a hidden gem is located at the rear of the pub, in the form of a large beer garden.
Passionate Pub 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
- Childrens Play Area
- Foundation Tenancy
- Function Room
- Car Park
- Private Accommodation
Trading Area & Facilities Internally, beautiful flagstone flooring and modern décor, in addition to generous amounts of light from the large windows, create an enjoyable space for guests. The Stags Head has a large bar at the front of the building complimented with a separate dining area in the conservatory to the rear with 60 covers. Overall the pub can easily accommodate 100 plus covers putting it an enviable position this close to Lincoln's main tourist attractions.
The function room is on the first floor and has capacity for 120 guests. This makes it unique in this part of the city.
Externally, a contemporary signage and lighting scheme ensures excellent kerb appeal. A sizeable fully enclosed beer garden exists at the rear of the pub and there is great car parking facilities available for 20 vehicles.
Private Accommodation The private accommodation at the Stags Head, Lincoln consists of an office, three bedrooms, kitchen, lounge and bathroom.
Pub Financials Annual Rent £
33,697
Estimated Annual Turnover £
543,742
Deposit £
8,424
Estimated Fixtures & Fittings Value £
24,775
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
46,699
Estimated Minimum Ingoing Costs £
16,308
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.
Job tags
Salary
