Star Pubs Leased & Tenancy
Location
Stafford, Staffordshire | United Kingdom
Job description
Pub Overview
Complete refurbishment planned
The Horns Inn will undergo a major refurbishment to create a great pub with great food. The creation of a much larger kitchen will accommodate for a new & improved proposed food offer. The rear of the pub, currently used as a pool/games area, will be refurbished into a stunning 36 cover, dining area over two levels, complete with its own bar with new flooring, fixed and loose furniture, new light fittings and wall coverings as well as feature fireplace. The two further small, cosy dining spaces close to the kitchen will also be refurbished, in keeping with the more food led offer. The bar area will retain the existing stone flagged floor with the addition of a new wood floor close to the large open fire with this area being redecorated with new bric a brac and light fittings.
Star Pubs & Bars investment will allow for a full redecoration of the exterior of the building, with new signage and lighting to the front and side elevations to signal the new offer inside. To the side of the pub, the existing paved and decked seating area is to be refurbished with new tables and chairs and new lighting.
What would you do with this pub to make it a success?
Excellent location
The Horns Inn is located in the centre of the large Staffordshire village of Gnosall, in between the 2 main Towns of Stafford and Newport (15 minutes in either direction). The Shropshire Union Canal passes through Gnosall making the area popular with walkers and looking further afield it is just 18 minutes away from the historic National trust site of Lilleshall Abbey. Gnosall has an adult population of 3,500 which mostly consists of strong demographics of medium to high affluence.
Fantastic potential
The potential in the pub lies in creating a great food offer. Currently there is nowhere in the village to go for a more upmarket premium food offer meaning people current drive out of the village when they want a treat. The Horns will fill this gap in the market. The Horns Inn has a small cark to the rear of 5 spaces. There is further parking available for over 30 cars just 1 minutes' walk away at the village Grosvenor centre which is free and open all day with no evening restrictions. This will attract those further afield, looking to travel to enjoy a meal with friends or family.
When refurbished, The Horns Inn will appeal to a very broad spectrum of customers, including:
Locals and people from other surrounding villages looking for a fantastic, premium, traditional pub serving excellent upmarket pub food.
The offer The Horns Inn is available on our investment tenancy agreement. Click here for more information on this agreement .
Once refurbished, the Horns Inn will offer:
- Premium lagers, craft beers and a great range of cask ales alongside premium wines and spirits and a small range of cocktails.
- Wine is expected to feature highly to match the quality food offer.
- Upmarket destination pub food.
- Coffees
- Occasional entertainment
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 similar hospitality business. They will have a clear vision for their food & drinks menu and can create a memorable experience for their customers. Cask ale experience would be beneficial but not essential.
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 - Outdoor Trade
- Private Accommodation
- Car Park
- Cask Ale
- Investment Tenancy
- Refurbishment Planned
Trading Area & Facilities The Horns Inn 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:
- Main trading area with bar
- New two-level dining room with own bar
- 2 small separate, cosy dining areas
- 79 internal covers
- 24 external covers
- Large catering kitchen
- Paved and decked outdoor trading areas
- Car Park with 5 spaces (further free parking is available at the Grosvenor centre just 1 minute walk away)
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 3 bedrooms, a living room, kitchen, and bathroom
Pub Financials Annual Rent £
30,063
Estimated Annual Turnover £
486,278
Deposit £
7,516
Estimated Fixtures & Fittings Value £
30,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
51,016
Estimated Minimum Ingoing Costs £
51,016
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
