Chichester Arms Chester

66 Garden Lane, Chester, CH1 4EY

Under Offer
  • Chichester Arms Chester
  • Chichester Arms Chester
  • Chichester Arms Chester
  • Chichester Arms Chester
  • Chichester Arms Chester
  • Chichester Arms Chester

Chichester Arms Chester

The Chichester Arms is a well maintained, modernised community local located a short walk from the University of Chester benefiting from its location in the heart of the residential area of the city. The demographics of the area feature a strong student presence as well as career builders in their 20s-30s therefore the pub would benefit from this thriving market and would make use of the great portfolio of brands Heineken has to offer including an extensive cask range and drinks appealing to the student market.

The pub benefits from a strong passing trade and is eye catching to passers-by through its neo-classical style stucco work on the doorway and windows. This modernised community local is 100% wet led. There is a fully refurbished and equipped catering kitchen which can be used to develop a classic pub menu that would appeal to the local audience and appeal to the student population. This pub has great potential to be the go-to-place in this area and we seek an ambitious and enthusiastic licence with entrepreneurial spirit to help this pub achieve its potential.

Available on our Business Start -Up Agreement, with the following support:
  • Manage your risk: 3 year fixed term agreement that you can terminate at any time on 28 days notice.

Pub Features

  • Rolling Tenancy
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the pub has recently been modernised where a bright colour scheme was introduced into the lounge area. The lounge has a feature fireplace that is situated in the middle of the room which is complimented by the mixture of fitted and free standing soft furnished seating including three large booths ideal for large groups. The lounge area is serviced by an L shaped bar which spans across the lounge and a separate pool room. The pool room has free standing seating and tables of alternate heights.

Externally the pub features a good sized beer garden that has been tastefully refurbished and is a real hidden gem within the Garden Quarter of Chester. With comfortable furniture and festoon lighting it is a real asset to the business and will boost trade in the summer months.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 00:30 12:00 - 22:30

Financials

Annual Rent £
18,000
Estimated Annual FMOP (Licensee Profit) £
22,999
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
280,617
Estimated Annual Barrelage
222

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
11,810
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
4,500
Rent In Advance £
346
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
21,851
Estimated Minimum Ingoing Costs £
9,695

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased