Star Pubs Leased & Tenancy
Location
Tamworth, Staffordshire | United Kingdom
Job description
Pub Overview
Great food opportunity
What would you do with this pub to make it even more of a success?
The area The Queens Head is located in the quintessential village of Newton Regis, close to Tamworth. The pub is surrounded by mixed housing.
The pub benefits from being the only one in the village, found in an area of around 450 adults. The customer base is mainly a mature clientele.
The offer Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a well thought through 30/70, wet/dry food & drinksoffer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a strong menu offering fresh, local ingredients, occasional weekend, live entertainment. It offers a selection of popular beers, ciders, wines and spirits and cask ales.
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 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
- Cask Ale
- Outdoor Trade
- Car Park
- Private Accommodation
Trading Area & Facilities - Open-plan trading area with bar
- 40 internal covers
- 30 external covers
- Good-sized catering kitchen
- Small garden areas with outside seating
- Car park with 30 spaces
Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials Annual Rent £
22,787
Estimated Annual Turnover £
284,046
Deposit £
5,697
Estimated Fixtures & Fittings Value £
10,840
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
25,037
Estimated Minimum Ingoing Costs £
10,399
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
