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Location

Merton, Greater London | United Kingdom

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Job description

Pub Overview

The area

The Gloster Arms is located in the town of Malvern, close to the Malvern Hills. The pub is surrounded by residential housing and is well supported by the local community.

Demographics

The pub benefits from being one of 8 pubs found in an area of around 3550 adults. The majority customer base is made up of families, aspiring homemakers and mature couples.

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 wet led offer. What drinks would you look to implement in the pub?

The site currently has the ability to drive trade via offering a great selection of Craft beers, pub games machines and pub games such as darts.

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 community led hospitality business. They will have a clear vision for their marketing strategy, 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

• Foundation Tenancy
  
• Private Accommodation
  
• Outdoor Trade
  
• Pub Games
  
• Cask Ale
  

Trading Area & Facilities

• Main trading area with central bar
• Approx 60 internal covers
• Approx 30 external covers
• Outside trading area
• Sports area with traditional pub games

Private Accommodation

Private accommodation consists of two bedrooms, bathroom, kitchen and lounge.

Pub Financials

Annual Rent £
18,919
Estimated Annual Turnover £
295,195
Deposit £
4,730
Estimated Fixtures & Fittings Value £
4,000
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
18,230
Estimated Minimum Ingoing Costs £
11,077

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