Railway Nantwich
Pillory Street, Nantwich, CW5 5SSAgreement Type:
Investment Tenancy
View details for Railway Nantwich
Elephant Shavington
Elephant Shavington
289, Newcastle Road, Crewe, CW2 5DZ Pub Code: 2301905101
Pub Code: 2301905101
Investment TenancyEst Min Ingoing Costs: £51,366
Annual Rent: £45,466
Exciting Investment Opportunity: The Elephant Pub Refurbishment Underway!
What would you do with this pub to make it a success?
The area
The Elephant is located in the village of Shavington with great access links into Nantwich. Situated on the main Newcastle road, it serves as a hub for locals and travellers alike. In the heart of the village, surrounded by residential housing and in close proximity to new housing developments, the Elephant offers a promising investment opportunity in an affluent community.
The offer
The Elephant is available on our investment tenancy agreement. Click here for more information on this agreement.
When refurbished, the Elephant will offer:
- Drinks: Imagine indulging in a selection of premium beers, exquisite spirits, and a carefully curated wine menu designed to complement the upmarket pub cuisine.
- Food:Envision savouring upmarket pub fare, enhanced by regular specials that add an extra element of surprise and delight to your dining experience.
- Coffee: Start the day right with a bean-to-cup coffee offering, ensuring a fresh and satisfying brew every time.
- Events: Picture occasional live acoustic events adding to the ambiance, creating memorable moments without overpowering the relaxed atmosphere of the pub
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 food & drinks menu, 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 Elephant 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:
- Open plan trading area with central horseshoe shaped bar
- Conservatory
- 98 internal covers
- 100 external covers
- Good-sized catering kitchen
- Smart Dispense
- Large beer garden
- Car park with 15 spaces
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).
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£51,366
Estimated Minimum Ingoing Costs
£51,366
Annual Rent
£45,466
Estimated Annual Turnover
£699,903
Deposit
£11,366
Estimated Fixtures & Fittings Value
£30,000
Estimated Stock Valuation
£6,500
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:
289, Newcastle Road, Crewe, CW2 5DZ
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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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