City Bar Derby

12 Albert Street, Derby, DE1 2DS

  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby
  • City Bar Derby

City Bar Derby

City Centre Pub with Planned Investment!

Located in the heart of Derby, among a range of shops, offices and tourist attractions, The City Bar benefits from high passing footfall. The courts, council and shopping centre are all in close proximity, allowing the operator to establish a lucrative base of local workers, shoppers and visitors looking for a lively venue with a standout offering.

The refurbishment, with a brand-new food offering and a leading range of cask ales, will create a stand-out pub capable of trading at all points of the day. This high-quality offer will be amplified by the cutting-edge interior design and vibrant atmosphere of the pub, ensuring it stands out from competitors

Once refurbished, The City Bar will appeal to:
  • Daytime shoppers looking for a relaxed environment for coffee, cake or brunch.
  • Office workers and shoppers looking for a quick bite to eat at lunchtime or a post-work drink.
  • Men and women wanting a casual drink in a unique environment.
  • Groups of students looking for an up-tempo, stylish venue to socialise in.
  • Cask ale fans looking for a premium and unique offering in the area.

An example of one of the recent refurbishments that we completed can be found here: https://my.matterport.com/show/?m=Ja1rtgTD3aa&help=1&hl=1&play=1

This is a fantastic opportunity to take on a pub business that's ready for refurbishment and growth.

The proposed refurbishment will help the right operator develop this fantastic pub opportunity and grow a substantial food offer. This project will significantly enhance the business' potential and we would like to see you bring your own ideas and flair to make the most of this great opportunity.

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).

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen

Trading Area & Facilities

Internally, the bar will receive all new fixed and loose furniture in keeping with the scheme. Lounge furniture will be more apparent towards the entrance of the site with fixed seating booths to the rear. Wall coverings will include rustic brick slips and reclaimed boarding. New raw screens will divide up necessary areas and add to the bars industrial style. The kitchen will undergo decoration and new kitchen equipment installed.

Towards the sites entrance new feature planting and a tiled floor section will create interesting focal points. Additional bric
a brac items will be fluent throughout complementary to the scheme and bar.

The external area and signage will be rebranded to enhance the pub's kerb appeal and highlight the new and improved offer to passing customers.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

For full licensing details please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:30 10:00 - 01:30 10:00 - 00:30 10:00 - 00:30 10:00 - 03:00 10:00 - 03:00 10:00 - 01:30

Financials

Annual Rent £
34,750
Estimated Annual FMOP (Licensee Profit) £
36,727
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
492,048
Estimated Annual Barrelage
300

“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 £
23,790
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,688
Rent In Advance £
668
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
40,446
Estimated Minimum Ingoing Costs £
36,986

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 £
1,451
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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