Sportsman Inn Sheffield
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Compasses Chelmsford
Compasses Chelmsford
141, Broomfield Road, Chelmsford, CM1 1RY Pub Code: 2302806101
Pub Code: 2302806101
Foundation TenancyEst Min Ingoing Costs: £11,457
Annual Rent: £35,482
A wonderful opportunity to take over a recently refurbished and successful pub in Chelmsford. What would you to make it a even more of a success?
The area
The Compasses is located on a busy main road just outside of Chelmsford city centre it has a fantastic pull for customers going into or out of the centre. The Compasses is located in a dense residential area and there is an abundance of amenities surround the pub, so passing footfall is also high. There has also been recent housing developments within the area. There is little competition in the area, meaning there is a ripe opportunity to expand the pub’s local customer base
Demographics
The pub benefits from being in an area of around 22419 adults within a 20-minute walk of the pub. The medium to high affluent customer base is made up of young families and young professionals.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 80 / 20 food & drinks offer. What food would you look to implement in the pub?
The site currently can drive trade via community events, live entertainment, live sports. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffees.
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 pub or hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer that 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
- 80 internal covers
- 30 external covers
- Large kitchen
- Large Beer garden
- 10 car parking spaces
Private Accommodation
Spacious 3 bedroom private accommodation
Estimated Total Ingoing Costs
£42,371
Estimated Minimum Ingoing Costs
£11,457
Annual Rent
£35,482
Estimated Annual Turnover
£440,164
Deposit
£8,871
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
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:
141, Broomfield Road, Chelmsford, CM1 1RY
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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