Duke Inn Sutton Coldfield

12 Duke Street, Sutton Coldfield, B72 1RJ

  • Duke Inn Sutton Coldfield
  • Duke Inn Sutton Coldfield
  • Duke Inn Sutton Coldfield
  • Duke Inn Sutton Coldfield
  • Duke Inn Sutton Coldfield
  • Duke Inn Sutton Coldfield
  • Duke Inn Sutton Coldfield

Duke Inn Sutton Coldfield

Traditional Town Centre Pub with Investment Planned!

Located at the outskirts of the affluent Royal town of Sutton Coldfield, The Duke Inn occupies an area of high footfall being surrounded by a mix of residential housing and shops. The town itself has fantastic demographics, with 16,000 people living within 1 mile, 73% of whom are ABC1's. Furthermore, the nearby health centre, school and local football club ensures a steady and lucrative stream of passing trade both day and night.

Post-refurbishment, The Duke Inn will be transformed into a contemporary and welcoming pub, offering:
  • A fantastic menu offering premium and classic pub food, including pies and gourmet sandwiches.
  • A great selection of craft beers, wine, cocktails and coffee.
  • A beautiful refurbishment of the beer garden, perfect for the warmer months.
  • An attractive, versatile venue perfect for casual drinking and dining.
  • Occasional entertainment such as acoustic nights or pub quizzes.

Enthusiastic Operator Wanted

We are looking for an operator (or operators) that are passionate about cask ales, the pub industry and engaging with the local community. Ideally, you will be business savvy with transferable skills such as understanding GP%s, people management skills and excellent customer service.

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

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
  • Function Room
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

A brand-new bar servery will be constructed in a similar position to the existing one, but restricted to help aid the flow of customers in the trade area. It will be designed and decorated in line with the bright and eclectic feel of the pub. A new lobby will be created, providing a premium, contemporary entrance for customers. The multiple existing doors will be removed to create a cleaner entrance, and new matting and doors will installed.

The bar area will be fully refurbished in line with the pub's new stylish design to create a London-style pub, providing a lively atmosphere for customers to enjoy a quality drink. Structural works will create a single trading space and tasteful differences in decoration will help create a variety of moods and seating options. Subtle differences in decoration will create an area to the right of pub more tailored towards customers looking to enjoy the pub's brand new food offer in unique surroundings. A new kitchen will be formed with a full range of equipment and appliances to support the improved food menu. The kitchen will be fully decorated, receive new lighting and will be laid out to maximise service efficiency.

The pub exterior, lighting and signage will be refreshed to position it as a modern, London-style pub with something to offer for the whole community. The transformation will enhance site visibility, highlight the pub's offering and complement the new look of the interior. Works will include:
  • Repainting the lower facades of the pub in an attractive heritage blue.
  • Painting murals on to the upper facade of the pub.
  • Painting the pub's amenities directly onto the walls.
  • Installing a new signage scheme, including poster cases, amenity signs and illuminated name signs to advertise the exciting offer.
  • Adding new lighting, including lanterns and floodlighting, to illuminate the pub's entrance whilst improving its evening kerb appeal.
  • Softening the facade with vibrant hanging baskets and window boxes to the first-floor windows.
The F &F may be available on a rentalised basis and should be discussed with the Business Development Manager.


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
11:00 - 02:30 11:00 - 02:30 11:00 - 02:30 11:00 - 02:30 11:00 - 02:30 11:00 - 02:30 11:00 - 02:30

Financials

Annual Rent £
44,750
Estimated Annual FMOP (Licensee Profit) £
45,109
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
492,684
Estimated Annual Barrelage
304

“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 £
20,642
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
11,188
Rent In Advance £
861
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
195
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
39,991
Estimated Minimum Ingoing Costs £
35,400

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 £
Estimated Annual Maintenance Compliance Charge £
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