Green Dragon Sheffield

Cote Lane, Sheffield, S35 7AE

  • Green Dragon Sheffield
  • Green Dragon Sheffield
  • Green Dragon Sheffield
  • Green Dragon Sheffield
  • Green Dragon Sheffield
  • Green Dragon Sheffield
  • Green Dragon Sheffield

Green Dragon Sheffield

£144,000 Investment Planned

The Green Dragon sits within the village of Thurgoland. This charming village boasts affluent demographics and the pub benefits from being located on the main through road.

We are now planning to invest in the pub to create an inviting, modern local. We will redecorate all trading areas, along with the WCs and large beer garden.

The new operator of the pub should offer a quality, home cooked food menu. Traditional pub cuisine coupled with more premium specials would go down a treat in the area. They should also offer a variety of premium on trend drinks such as cask ale and a gin selection.

Experienced Local Operator Wanted

The right operator for this pub will have a good knowledge of the local area and take pride in their retail standards. They will have prior experience in food hospitality and understand how to market their business. If this sounds like you, apply now to find out more about the planned investment.

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
  • Car Parking
  • Refurbishment Planned
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

Inside, the pub's main trading area is split into the bar / lounge format. This allows the operator to dedicate space to both drinking and dining. There is also a small snug-like room which is perfect for private dining occasions.

Our investment will redecorate all areas of the pub. The new design will retain the pub's traditional feel while adding modern touches. New flooring, a mix of carpet and laminate, will be installed. Eye catching gallery walls and vintage style bric a brac will adorn the walls. We will upcycle the current bar by stripping it back and restaining it.

Outside, the pub has a large beer garden that can accommodate circa 32 covers. We will restain and extend the existing decking. Feature planters and festoon lighting will be added to make this space even more appealing to customers.

Private Accommodation

Private accommodation consists of three bedrooms, living room, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

Please refer to premises licence for further detail

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00

Financials

Annual Rent £
24,250
Estimated Annual FMOP (Licensee Profit) £
24,838
Representative HEINEKEN UK Brand Discount Per Barrel £
146
Estimated Annual Turnover £
341,124
Estimated Annual Barrelage
182

“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 £
22,980
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,063
Rent In Advance £
466
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
36,694
Estimated Minimum Ingoing Costs £
36,694

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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