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Location

Cannock, Staffordshire | United Kingdom

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Job description

Pub Overview

Are you ready to embrace village life?

A new deal is waiting for the right operator to snap up this soon to be refurbished pub in the idyllic location of Cannock Chase

An excellent business opportunity in an enviable location

The Hazelslade sits on the edge of Cannock Chase, a designated place of outstanding natural beauty. Its enviable location will appeal to dog walkers and tourists looking for a quality food and drink offer. The j ewel in the crown is that it is the only pub in the village of Hazelslade, with 2,000 villagers. Investing in the pub is a great opportunity to engage with the community and run a quality local.

The pubs refurbishment will elevate it to become a high-quality destination appealing to local residents and tourists alike. The pub will appeal to a broad mix of customers, including adults looking for somewhere to watch sport, older customers needing somewhere to meet for lunch, and visitors to the nearby Cannock Chase.

The Hazelslade is available on our investment tenancy agreement. Click here for more information on this agreement .

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 Hazelslade will have extensive experience in community and destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, sports offer, 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 pubs next chapter…

Features

• New Deal
  
• Investment Tenancy
  
• Outdoor Trade
  
• Car Park
  
• Private Accommodation
  

Trading Area & Facilities

The Hazelsalde will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads.

The pubs trading area and facilities post refurbishment will be:

• Two bar operation
• Separate Sports area with TV screens, dart boards & pool table
• Small Kitchen
• Smart Dispense
• Outdoor decked trading area
• Car park with approx 12 spaces

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.

Pub Financials

Annual Rent £
23,813
Estimated Annual Turnover £
338,628
Deposit £
5,953
Estimated Fixtures & Fittings Value £
22,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
36,453
Estimated Minimum Ingoing Costs £
36,453

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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Job tags

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Salary