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

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

Trading Area & Facilities

Internally, the pub is in good repair and separated into four distinct trading areas. A traditional wooden bar area with premium spirits and a great range of drinks welcomes guests who can then retire to the lounge or elect to go to the dining area with banquet seating. Additionally there is a games room to host pool tournaments. Calming, cool, modern colours are used throughout and wood burning stoves.

Externally the New Lamp,has good kerb appeal thanks to good signage. There are wooden picnic benches for drinks during the summer months in the beer garden and a children s play area. A large car park also sits adjacent to the pub.

Private Accommodation

The private accommodation consists of 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 12:00 - 23:00

Financials

Annual Rent £
39,500
Estimated Annual FMOP (Licensee Profit) £
43,438
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
570,570
Estimated Annual Barrelage
282

“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

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
38,176
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
9,875
Rent In Advance £
760
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 £
56,006
Estimated Minimum Ingoing Costs £
51,955

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

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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