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Location

Littlehampton, West Sussex | United Kingdom

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Job description

Pub Overview

Major refurbishment planned

A significant refurbishment will transform The Six Bells into a food-led, premium, country pub. There will be new lighting with dimmer switches to create ambiance. We will also redecorate the existing bar, overhaul under counters, strip and restain the existing bar top. The existing flooring will be upgraded with new vinyl flooring and carpet. The toilets will be refurbished and there will be minor works to kitchen & cellar. This will feel like a completely new pub.

There will also be works completed in the garden & courtyard space, with new F&F to be supplied by the new licensee. The pub frontage will benefit from a redecoration. We will be maintaining the flint stone finish but adding new signage and lighting to make the site more visible and highlight the pubs offering.

Location

The Six Bells is in the seaside town of Littlehampton in West Sussex. Littlehampton is a town, seaside resort, pleasure harbour, and the most populous civil parish in the Arun District of West Sussex, England. It is an affluent area with 57% medium affluence and 18% high affluence. Within a 10-minute walk time, there is one other pub. This pub acts as a wet-only pub, so the Six Bells has the opportunity to drive food trade for the local customer base.

Untapped potential

The Six Bells has the potential to be the best pub in the town. An all-new look and feel, as well as quality food and drinks offer, will stand this pub above the limited competition in the nearby area. The Six Bells is primed to be a 'great pub with great food', which is made possible by its 40 internal covers, function room and kitchen facilities. All we're looking for is the right person to take on the pub…

Target customers:

The newly refurbished pub will appeal to a broad range of customers, including:

Bungalow Haven - peace-seeking seniors appreciating the calm of bungalow estates

Back with the folks - families with older children with

Contemporary starts - young families and singles setting up home in modern developments

Offer:

When refurbished, The Six Bells will offer:

Premium drinks range, from Amstel to craft beer brands such as Beavertown

Wines, premium spirits, and soft drinks.

A high-quality, traditional pub food offer to attract locals and those further afield

Premium, barista style coffee

Summer events as well as events in the function room

The right operator for this site will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer 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

• Catering Kitchen
  
• Function Room
  
• Investment Tenancy
  
• Outdoor Trade
  
• Refurbishment Planned
  

Trading Area & Facilities

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
• 40 internal covers
• Function Room
• Catering kitchen
• SmartDispense
• Outdoor area

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

There is private accommodation at this site.

Pub Financials

Annual Rent £
32,000
Estimated Annual Turnover £
390,629
Deposit £
8,000
Estimated Fixtures & Fittings Value £
23,175
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
42,175
Estimated Minimum Ingoing Costs £
42,175

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