Chichester Arms Chester
66 Garden Lane, Chester, CH1 4EYAgreement Type:
Investment Tenancy
View details for Chichester Arms Chester
Lock Vaults Hoole
Lock Vaults Hoole
29, Hoole Lane, Chester, CH2 3DU Pub Code: 2302352101
Pub Code: 2302352101
Foundation TenancyEst Min Ingoing Costs: £11,643
Annual Rent: £25,712
Beautiful premium local in affluent suburb.
This well-established pub, situated in a popular residential area, underwent a complete refurbishment less than 12 months ago. It presents an excellent opportunity to elevate the business with a strong food offering while continuing to serve as the heart of the community.
What would you do with this pub to make it even more of a success?
The area:
Prominently positioned on the edge of Hoole alongside the Chester Canal, and just outside the City Centre, the Lock Vaults is surrounded by opportunity. This is an established residential area, with two primary schools, local retail and commercial activity within the immediate vicinity of the pub and 30,000 people living within a 1 mile radius, so it is positioned right at the heart of the local community.
The Demographics:
The pub is located in an affluent area with a population of approximately 5,500 adults. It attracts a diverse clientele, ranging from young adults aged 18-24 to more mature patrons and retirees.
The offer Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought through food & drinks offer. A selection of pub games, such as pool, and darts.
The site currently has the ability to drive trade via live sports, live entertainment and is very much at the centre of the community in Hoole.
Attitude is as 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
- Open plan trading area
- 40 internal covers
- Catering Kitchen
- Lounge area
- Sports area
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£51,928
Estimated Minimum Ingoing Costs
£11,643
Annual Rent
£25,712
Estimated Annual Turnover
£373,332
Deposit
£6,428
Estimated Fixtures & Fittings Value
£36,000
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:
29, Hoole Lane, Chester, CH2 3DU
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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
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www.starpubs.co.uk
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