Corner Pin (to be re-named the Chellaston Arms)
Swarkestone Road, Derby, DE73 5UAAgreement Type:
Just Add Talent
View details for Corner Pin (to be re-named the Chellaston Arms)
Duke Burbage
Duke Burbage
123, St Johns Road, Buxton, SK17 6UR Pub Code: 2302238101
Pub Code: 2302238101
Investment TenancyEst Min Ingoing Costs: £42,758
Annual Rent: £29,600
Exciting refurbishment will transform this established village pub
What would you do with this pub to make it even more of a success?
The area
Situated on the busy A53 in a well-established residential area, just steps from a busy year-round campsite and minutes from Buxton town centre. The pub benefits from being the only pub within a 10-minute walk in an area of around 2,170 adults. The majority customer base is made up of affluent and mature adults.
The offer
The Duke Burbage is available on our investment tenancy agreement. Click here for more information on this agreement.
Drinks: The Duke will offer a wide range of drinks, including premium lagers, ciders, spirits, wines, some cocktails along with a great range of soft drinks and low & no options. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience.
Food: A traditional menu of classic pub favourites will complement the drinks selection.
Coffee: Quality coffee can be offered, attracting to daytime visitors and non-drinkers, broadening the pub’s appeal.
Events: The pub will offer live sports, live entertainment, quizzes, fund raising events and themed gatherings.
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 Duke Burbage will have extensive experience in a community food led businesses. They will have a clear vision for their food & drinks menu, marketing strategy, sports and entertainment offer 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
The Duke Burbage will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining area
- Lounge area
- 55 internal covers
- 44 external covers
- Catering kitchen
- SmartDispense
- Raised outside trading area
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, 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).
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.
Estimated Total Ingoing Costs
£42,758
Estimated Minimum Ingoing Costs
£42,758
Annual Rent
£29,600
Estimated Annual Turnover
£491,180
Deposit
£7,400
Estimated Fixtures & Fittings Value
£23,858
Estimated Stock Valuation
£8,000
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:
123, St Johns Road, Buxton, SK17 6UR
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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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