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RegisterForesters Arms Melksham
Foresters Arms Melksham
Sandridge Road, Melksham, SN12 7BN Pub Code: 0020569101
Pub Code: 0020569101
Investment TenancyEst Min Ingoing Costs: £40,151
Annual Rent: £34,602
Exciting refurbishment will transform this well-established community focused pub.
What would you do with this pub to make it even more of a success?
The area:
Located in Melksham, a growing commuter town surrounded by expanding housing developments. The planned refurbishment has been designed to appeal to families, professionals, and social groups alike, The Foresters will offer something for everyone: coffee mornings for mums and older residents, affordable lunchtime dining, sports viewing for younger adults, and activities like quizzes, live music, and themed evenings.
The pub benefits from being the only pub with in a ten minute walk in an area of around 3,758 adults. The majority customer base is made up of Midlife adults with children or carefree.
The offer The Foresters Arms is available on our investment tenancy agreement. Click here for more information on this agreement.
Drinks:
The pub will offer a wide range of premium drinks, including lagers, ciders, spirits and quality wines, along with a great range of soft drinks and low & no options. This variety caters to everyone, ensuring the pub appeals to a broad audience.
Food:
A straightforward pub menu with a selection of crowd pleasers to cater to every taste, with the opportunity to be further developed by the new licensee.
Coffee:
A barista style coffee offer will be present, attracting daytime visitors and non-drinkers, broadening the pub’s appeal.
Events:
The pub will offer live sports, entertainment and hosted events catered to customer demand. These events will create a vibrant atmosphere and will drive a healthy rhythm of the week.
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 Foresters Arms will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and sports 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 Foresters Arms 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 room
- Sports area
- 120 internal covers
- 130 external covers
- Catering kitchen - (basic kitchen equipment will be included in the refurbishment such as sink and canopy, but all other catering equipment will need to be supplied by the new operator)
- HEINEKEN SmartDispense
- Large patioed area to the front and garden area to the rear
- Car park
- Pool table / darts board / gaming machines
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 three bedrooms, a living room, kitchen, bathroom, and office.
Estimated Total Ingoing Costs
£40,151
Estimated Minimum Ingoing Costs
£40,151
Annual Rent
£34,602
Estimated Annual Turnover
£514,563
Deposit
£8,651
Estimated Fixtures & Fittings Value
£22,000
Estimated Stock Valuation
£6,000
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:
Sandridge Road, Melksham, SN12 7BN
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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
