Nest Cannock
Cannock Road, Chadsmoor, Cannock, WS11 5HPAgreement Type:
Investment Tenancy
View details for Nest Cannock
Fountain Lichfield
Fountain Lichfield
169, Beacon Street, Lichfield, WS13 7BG Pub Code: 2301855101
Pub Code: 2301855101
Foundation TenancyEst Min Ingoing Costs: £8,167
Annual Rent: £14,000
Coming soon!
We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications NOW so apply today!
Fantastic opportunity to make a difference
With its Victorian design the Fountain stands out from its competitors. Close to local attractions it is perfect for capturing passing trade whilst still being a favourite with the local community.
What would you do with this pub to make it a success?
The Fountain is located on the outskirts of the town of Lichfield, adjacent to Beacon Park and a short walk to Lichfield Cathedral. The pub is surrounded by mixed housing with Morrisons supermarket next door.
The pub benefits from being one of 4 pubs found in an area of around 3,800 adults. The diverse customer base is made up of a mixed age range from 18 to 55+.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through wet 80/dry 20 split food & drinks offer. There is the with scope to grow the food side of the business. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits ands cask ales.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
- Main trading area with bar
- Separate dining area
- 80 internal covers
- 50 external covers
- Small kitchen
- Large garden
- Car park with approx. 25 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom
Estimated Total Ingoing Costs
£14,500
Estimated Minimum Ingoing Costs
£8,167
Annual Rent
£14,000
Estimated Annual Turnover
£275,000
Deposit
£3,500
Estimated Fixtures & Fittings Value
£4,000
Estimated Stock Valuation
£3,500
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:
169, Beacon Street, Lichfield, WS13 7BG
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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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