Crown Inn Bishops Stortford
The Cross, Bishop's Stortford, CM22 6DGAgreement Type: Foundation Tenancy
View details for Crown Inn Bishops Stortford
Chapel Inn Coggeshall
4, Market Hill, Colchester, CO6 1TS
Pub Code: 2302111101
Key Features
- Long-Term FRI
- Catering Kitchen
- Outdoor Trade
- Cask Ales
- Private Accommodation
Est Min Ingoing Costs: £25,590
Annual Rent: £50,000
More Information
The area
The Chapel Inn is located in the picturesque village of Coggeshall (known as the setting for Lovejoy!). The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
The pub benefits from being one of 5 pubs found in an area of around 3,000 adults. The affluent customer base is made up of mature households, married couples and renters.
The offer
Available on our FRI agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via selection of pub games, such as pool, and darts and live entertainment. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales.
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 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…
Trading Area & Facilities
- Main trading area with bar
- Separate dining area
- 70 internal covers
- 50 external covers
- Catering kitchen
- SmartDispense
- Outdoor trade
- Car park
- Pub games
Private Accommodation
Private accommodation consists of 4 bedrooms, kitchen, a living room, and bathroom.
| Annual Rent | £ 50,000 |
| Estimated Annual Turnover | £ 645,843 |
| Deposit | £ 12,500 |
| Estimated Fixtures & Fittings Value | £ 3,090 |
| Estimated Stock Valuation | £ 6,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 25,590 |
| Estimated Minimum Ingoing Costs | £ 25,590 |
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.
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.
Location:
4, Market Hill, Colchester, CO6 1TS
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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