Crown Inn Pershore
Peopleton, Pershore, WR10 2EEAgreement Type:
Investment Tenancy
View details for Crown Inn Pershore
Green Dragon Sheffield
Green Dragon Sheffield
Cote Lane, Sheffield, S35 7AE Pub Code: 2303175101
Pub Code: 2303175101
Investment TenancyEst Min Ingoing Costs: £10,331
Annual Rent: £21,976
Refurbishment Planned!
The refurbishment will signify the launch of a new premium local village pub that serves a great range of food and drink. There will be a full refurbishment of all trade areas and toilets. There will be a Snug room with hard floors and a nice fire; perfect for a post-walk pint or to chat with friends over a lovely pint of cask ale. We are investing in the kitchen, to enable the next operator to deliver a fantastic inhouse and take away food offer.
We will also be redecorating the external of the pub. An overhaul of the existing patio and seating areas, as well as new signage, will give the Green Dragon a new lease of life!
Affluent Village Location.
The Green Dragon is situated in the lovely, and affluent village of Thurgoland, on a busy route between Sheffield and Pensitone. There are around 900 adults in a 10-minute walk from the pub, and around 1300 in a 20-minute walk time. The village has 3 pubs, but one of these is located on the very edge. The Green Dragon boasts the best position of the 3, with it being on the main busy road and with a great sized car park.
The Firm Favourite!
The pub has the potential to be the firm favourite of the local community, with its fresh, premium look and feel. If you want to meet in a nice quality environment with friends or family, have a bite to eat, or enjoy each other’s company over a few drinks, the Green Dragon will provide the perfect setting.
Target Customers:
When refurbished, the Green Dragon will appeal to:
- The local population of Thurgoland
- Passing trade from the busy A429
Offer:
When refurbished, the Green Dragon will offer:
- Great range of draught beers and ciders complimented by a range of soft drinks, spirits, and wines
- Home cooked, well presented pub classics with a takeaway offer
- A coffee/hot drinks offer
- Weekly events such as quiz nights, food promotions, and occasional live entertainment
Experienced Operator Wanted!
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 the pub 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 Green Dragon will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of three bedrooms, living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£25,994
Estimated Minimum Ingoing Costs
£10,331
Annual Rent
£21,976
Estimated Annual Turnover
£339,784
Deposit
£5,494
Estimated Fixtures & Fittings Value
£12,000
Estimated Stock Valuation
£5,000
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:
Cote Lane, Sheffield, S35 7AE
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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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