Wheatsheaf Brigg
15 Station Road, Brigg, DN20 9EBAgreement Type:
Foundation Tenancy
View details for Wheatsheaf Brigg
Green Tree Inn Messingham
Green Tree Inn Messingham
33, High Street, Scunthorpe, DN17 3RX Pub Code: 2301197101
Pub Code: 2301197101
Investment TenancyEst Min Ingoing Costs: £34,489
Annual Rent: £27,957
The Green Tree Inn, Messingham is set for a full transformation, with a new look and feel that combines traditional charm with a premium touch.
A new look and feel that combines traditional charm with a premium touch.
The area
With around 3,000 residents living within walking distance, mostly aged 45 and above, there’s a great opportunity here for an operator who wants to be part of a close-knit community. The revamped pub will appeal to medium-affluence locals looking for a warm, traditional pub experience with a premium touch. If you're keen to run a pub that focuses on quality drinks and a steady rhythm of events, The Green Tree Inn could be the right fit.
The offer
Drinks:
The Green Tree Inn will offer a wide-ranging drinks menu, including lagers, ciders, spirits, wines, and some cask ales. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience.
Events:
Live sports, darts, and dominoes, along with events tailored to customer demand. These events will create a vibrant, community
Events - Dynamic weekly entertainment schedule, featuring local talents, and a comprehensive sports package.
The Green Tree Inn is available on our Investment agreement. Click here for more information on this agreement.
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
The Green Tree Inn will be undergoing a refurbishment which will cover the interior and the 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
- 58 internal covers
- 40 external covers
- 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 2 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£34,489
Estimated Minimum Ingoing Costs
£34,489
Annual Rent
£27,957
Estimated Annual Turnover
£379,692
Deposit
£6,989
Estimated Fixtures & Fittings Value
£18,000
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:
33, High Street, Scunthorpe, DN17 3RX
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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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