Nest Cannock
Cannock Road, Chadsmoor, Cannock, WS11 5HPAgreement Type:
Investment Tenancy
View details for Nest Cannock
Malt Shovel Inn Nr Lichfield
Malt Shovel Inn Nr Lichfield
Chorley, Lichfield, WS13 8DD Pub Code: 2301715101
Pub Code: 2301715101
Foundation TenancyEst Min Ingoing Costs: £13,589
Annual Rent: £31,068
Fantastic Destination Food Outlet
What would you do with this pub to make it a success?
The area
The Malt Shovel Inn is located in the village of Chorley, close to Cannock Chase. The pub is surrounded by rural housing.
Cannock Chase is an area of outstanding beauty and is popular with tourists, especially in the summer months.
The pub benefits from being the only pub within a 10minute walk, in an area of around 199 adults. The diverse customer base is made up of Country-loving families pursuing a rural idyll in comfortable village homes, many commuting some distance to work.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 35/65 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via its premium food offer. It is occasion based at the weekends and attracts more mature couples and families throughout the week. A beautiful destination pub offering a premium selection of food and drinks in lovely surroundings.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Malt Shovel will have extensive experience in a similar destination food outlet. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their 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
- Main lounge area with bar leading to restaurant
- Snug area with Bar
- 60 internal covers
- 60 external covers
- Extensive kitchen
- Large garden with covered area and children’s play area
- Patio to the side of the pub
- Small Fishing Lake
- Car park with approx. 40 Spaces
- 5 Electrical Hook-ups for caravans
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Estimated Total Ingoing Costs
£40,767
Estimated Minimum Ingoing Costs
£13,589
Annual Rent
£31,068
Estimated Annual Turnover
£489,979
Deposit
£7,767
Estimated Fixtures & Fittings Value
£22,000
Estimated Stock Valuation
£7,500
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:
Chorley, Lichfield, WS13 8DD
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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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