Highwayman Inn Skegness

Queens Road, Skegness, PE25 2JF

  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness

Highwayman Inn Skegness

Fantastic Location

The Highwayman Inn occupies a busy location in the seaside town of Skegness. Surrounded by dense housing, the pub receives great footfall throughout the day and evening. Investment in the town is also increasing, with attractions such as a new £2 million observatory ensuring a large stream of tourists throughout the warmer months who are looking for a great local pub.

This lively, welcoming pub offers as good quality food and drink menu and appeals to a wide customer base, with quiz nights and live entertainment adding to the pub's revenue. The separate games area is popular and enjoyed by visitors and the regular darts team alike. The Outside trading areas are ideal for those sunny, summer days, where you can relax with a refreshing drink and the terrace to the rear with the addition of children's play area is perfect to keep the younger guests entertained.

Available on our Business Start-Up Agreement, with the following support:

Manage your risk: 3 year fixed term agreement that you can terminate at any time on three months' notice

Proud Community Operator Wanted

We are looking for a local community operator to take on Highwayman Inn. You will have plenty of knowledge of the local area and take pride in your ability to run a great pub. This is a pub with great potential, all we're missing is the right person to drive it forward. So, could that be you?


Pub Features

  • Business Start-Up Agreement
  • Music Venue
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Childrens Play Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The interior has a large open-plan room with a large serving bar facing you on entry. The food area is to the right as you walk in and the bar/lounge to the left. Decorated in a traditional style with a mix of wood and patterned carpet floors and traditional seating throughout. The bar area has a pool table and a dartboard, as well as old photos and Victorian prints and cartoons on the walls.

Externally there is a large car park and an outdoor trading area to the front of the property with picnic-style benched seating. There is an additional outdoor trading area to the rear of the pub with a children's play area.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 11:00 - 23:30

Financials

Annual Rent £
15,000
Estimated Tenants Annual Operating Profit £
17,467
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
227,106
Estimated Annual Barrelage
175

“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 £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
288
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 £
18,473
Estimated Minimum Ingoing Costs £
8,473

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 £
2,159
Estimated Annual Maintenance Compliance Charge £
1,565
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