Star Pubs Leased & Tenancy
Location
Nuneaton, Warwickshire | United Kingdom
Job description
Pub Overview
Immaculate, community-focussed pub with great outdoor facilities.
What would you do with this pub to make it even more of a success?
The area The Royal oak is located in the suburb of Attleborough, close to Nuneaton. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 7 pubs found in an area of around 3,500 adults. The diverse customer base is made up of families and mature singles.
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 value driven 90/10, wet/dry food & drinksoffer. Great opportunity to introduce a value driven food offer and Sunday Lunch menu.
What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via an active rhythm of the week schedule, including bar team activity, occasional entertainment and community led events, such as a weekly quiz.
The pub has a great outdoor space which will prove an asset during the summer months as well as a function room for those special community events.
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 pub's next chapter…
Features - Foundation Tenancy
- Catering Kitchen
- Function Room
- Pub Games
- Outdoor Trade
Trading Area & Facilities - Main trading area with bar
- Separate dining room
- 30 internal covers
- 20 external covers
- Compact, appropriately kitted, commercial kitchen
- Function room
Private Accommodation Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.
Pub Financials Annual Rent £
13,594
Estimated Annual Turnover £
190,938
Deposit £
3,398
Estimated Fixtures & Fittings Value £
12,505
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
24,403
Estimated Minimum Ingoing Costs £
9,633
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
