Jolly Potters Stoke On Trent
296 Hartshill Road, Stoke On Trent, ST4 7NHAgreement Type:
Investment Tenancy
View details for Jolly Potters Stoke On Trent
Crewe Arms Madeley Heath
Crewe Arms Madeley Heath
Wharf Terrace, Crewe, CW3 9LP Pub Code: 2303040101
Pub Code: 2303040101
Foundation TenancyEst Min Ingoing Costs: £13,000
Annual Rent: £30,000
Coming soon! We are currently working up the financials for this site, so all quoted figures are indicative only.
We are accepting applications in the meantime so apply today!
Great opportunity to run this traditional pub near Keele university with nine fully refurbished letting rooms, meeting/function room and a great traditional pub with a strong local following. What would you do with this pub to make it even more of a success?
The Area:
The Crewe Arms is located in the town of Madeley, close to Crewe & Stoke On Trent. The pub is in a great semi-rural location on a main road, surrounded by mixed housing.
Demographics:
The pub benefits from being one of three pubs found in an area of around 500 adults. Customer base has a mix of people, with many older adults, retirees, students and some affluent households. The population is evenly split between men and women. It’s a diverse group overall.
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 52% wet, 15% dry & 33% accommodation food & drinks and letting rooms offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via letting rooms, selection of pub games, such as pool, and darts, and live entertainment. It offers a selection of cask ales, a pub classic menu, and popular beers, ciders, wines and spirits.
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 marketing strategy, food & drinks menu and entertainment offer and can create a memorable experience for their customers...
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 110 internal covers
- 20 external covers
- Large catering kitchen
- Function room
- HEINEKEN SmartDispense
- Nine fully refurbished letting rooms with the potential to add a further one
- Small patioed garden
- Car park with 46 spaces
- Pool Table, Darts Board, Games Area
Private Accommodation
Private accommodation consists of a two bedroom cottage with a living room, kitchen, bathroom, and office. Above the pub there is a further two bedrooms, a living room, kitchen, bathroom, and office for private use.
Estimated Total Ingoing Costs
£68,000
Estimated Minimum Ingoing Costs
£13,000
Annual Rent
£30,000
Estimated Annual Turnover
£300,000
Deposit
£7,500
Estimated Fixtures & Fittings Value
£50,000
Estimated Stock Valuation
£7,000
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:
Wharf Terrace, Crewe, CW3 9LP
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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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