Highwayman Inn Skegness
Queens Road, Skegness, PE25 2JF
Highwayman Inn Skegness
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
Trading Area & Facilities
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
Premises Licence 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 |
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“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 |
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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 |
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In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. |
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| 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 |
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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 |
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