Star Pubs Leased & Tenancy
Location
Bordon, Hampshire | United Kingdom
Job description
Pub Overview
The Crown is located in the village of Arford close to South Downs. The pub is surrounded by rural housing and has a lovely country feel.
Demographics The pub benefits from being the only pub in the village which has a population of around 1500 adults. The customer base is made up of mainly experienced professionals and the retired that are reasonably affluent.
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 out food offer.
What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via an excellent food menu. It offers a selection of cask ales, coffees, and a pub classic menu.
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, marketing strategy and drinks menu 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 - Car Park
- Cask Ale
- Catering Kitchen
- Foundation Tenancy
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities - Main trading area with bar and table seating.
- 36 internal covers
- Medium sized kitchen
- SmartDispense
- Small garden opposite the pub. Click or tap here to enter text.
- Car park with 15 spaces
Private Accommodation Private accommodation consists of 1 bedrooms, a living room, kitchen, bathroom,
Pub Financials Annual Rent £
19,000
Estimated Annual Turnover £
307,258
Deposit £
4,750
Estimated Fixtures & Fittings Value £
16,709
Estimated Stock Valuation £
7,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
28,459
Estimated Minimum Ingoing Costs £
8,583
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
