New Lamp Hadfield

Bankbottom, Hadfield, SK13 1BY

  • New Lamp Hadfield
  • New Lamp Hadfield
  • New Lamp Hadfield
  • New Lamp Hadfield
  • New Lamp Hadfield

New Lamp Hadfield

The New Lamp is an attractive stone built pub in Hadfield, the western edge of the popular Peak District. Formerly a mill village, Hadfield now acts as a commuter town to Manchester and Sheffield, both of which are within easy reach by road and rail. The New Lamp offers an English & Oriental food menu, with some premium spirits and ales.

Traffic is also driven through regular events such as live sports, weekly quiz nights and bands. The future vision for the site would be to continue a programme of events but introduce a simple yet tasty, contemporary food offer, delicious coffee offer for day-time guests, new cask ales and on-trend cask beers and a focus on high standards.

Energetic Operator Wanted
Are you an innovative & vibrant operator? Do you have a passion for catering?

If so, we would love to hear from you. You will need to demonstrate business management skills such as people management, financial management and customer service.

Pub Features

  • Investment Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing

Trading Area & Facilities

The existing bar servery will be completely replaced and decorated in line with the contemporary country pub feel. The bar area will be an enlarged and welcoming space which will connect all other zones and continue the cosy feel throughout. The dining area will host many new features which support the welcoming blend of traditional and contemporary throughout. This will provide a space where customers take pleasure relaxing and enjoying the delicious food the pub has to offer. The rear bar area will provide further space for customers to soak up the relaxed country pub atmosphere and give access to the beer garden via a lovely summer window which will bring an appealing flood of natural light to the bar area. The snug area will create a space where customers can feel warm and homely in the winter months. A window looking out into the garden will add to the intimate feel of a space where food, drink and company can be enjoyed. The kitchen will be enlarged in order to comfortably serve fresh local quality food to the 70+ covers internally and 50 covers externally.

A fantastic new garden will create a gorgeous space that can be enjoyed by customers in the warmer months. This will create a welcoming and vibrant area to match the contemporary, aspirational country pub that the interior offers

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Applicants should also be aware full funding is required of fixtures & fittings for this site.

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

The private accommodation consists of a lounge, kitchen, bathroom, office and three bedrooms. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

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 - 00:30 11:00 - 00:30 12:00 - 23:00

Financials

Annual Rent £
32,266
Estimated Tenants Annual Operating Profit £
36,015
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
416,067
Estimated Annual Barrelage
227

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

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
29,584
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,100
Deposit Amount £
8,067
Rent In Advance £
621
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
44,982
Estimated Minimum Ingoing Costs £
44,982

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

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 are not included in the rent model or ongoing costs below.

Note that on FRI 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,044
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108
Estimated Annual Repairs Fund £
1,300

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

** 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