Fountain Lichfield
169 Beacon Street, Lichfield, WS13 7BGAgreement Type:
Foundation Tenancy
View details for Fountain Lichfield
Nest Cannock
Nest Cannock
Cannock Road, Chadsmoor, Cannock, WS11 5HP Pub Code: 0091875101
Pub Code: 0091875101
Investment TenancyEst Min Ingoing Costs: £29,038
Annual Rent: £19,072
Exciting refurbishment planned for a beloved community pub in a prime location!
What would you do with this pub to make it a success?
The area
Nestled in the charming town of Cannock, The Nest is just 3 miles from the stunning Cannock Chase, an area of outstanding natural beauty. Conveniently located near the neighbouring towns of Walsall, Burntwood, Stafford, and Telford, with the vibrant cities of Lichfield and Wolverhampton also close by.
A significant investment will transform the nest into a true community hub. Located within walking distance of over 20,000 residents, The Nest has the potential to become the go-to spot for locals. Refurbishment plans include a complete redecoration inside and out, creating a warm and inviting atmosphere. With live entertainment, live sports, and a simple yet satisfying food menu, there will be something for everyone.
The Nest is available on our investment tenancy agreement. Click here for more information on this agreement.
The Offer
The pub will offer a full range of drinks including beers, ciders, cask ales, and low and no alcohol options such as Heineken 0.0, alongside quality wine, spirits, and soft drinks. Our food menu features simple pub classics and a carvery style offering. We also provide a great coffee selection, ensuring a satisfying brew every time. Additionally, we host a variety of events such as live music, quiz nights, open mic nights, sports, darts, pool, and licensee-driven events based on consumer feedback and demand.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. We’re seeking a dedicated licensee or couple who knows the community and can bring The Nest to life. You don’t need to be a chef, but a genuine passion for connecting with locals and delivering a great experience is essential. With our investment, the right operator can make The Nest the heart of Cannock, offering a welcoming space that stands out from the competition.
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 Nest will be undergoing a refurbishment which will cover the interior and 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
- Separate sports bar area with 2 pool tables and 3 dart boards
- 66 internal covers
- 78 external covers
- Catering kitchen
- Smart Dispense
- Outside trading area with bench style seating
- Car park with appox. 14 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
£29,038
Estimated Minimum Ingoing Costs
£29,038
Annual Rent
£19,072
Estimated Annual Turnover
£297,809
Deposit
£4,768
Estimated Fixtures & Fittings Value
£16,770
Estimated Stock Valuation
£4,000
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:
Cannock Road, Chadsmoor, Cannock, WS11 5HP
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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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