Prince Of Wales Forest Hill (To Be Renamed The Forest)
52 Perry Rise, London, SE23 2QLAgreement Type:
Investment Tenancy
View details for Prince Of Wales Forest Hill (To Be Renamed The Forest)
Old Tigers Head Lee Green
Old Tigers Head Lee Green
351, Lee High Road, London, SE12 8RU Pub Code: 2302095101
Pub Code: 2302095101
Long-Term FRI LeaseEst Min Ingoing Costs: £47,420
Annual Rent: £55,000
Exciting Opportunity: Take the Helm of the Iconic Old Tigers Head in Lee Green
The Old Tigers Head, a cherished landmark in the heart of Lee Green, is now available for a passionate operator to take on this thriving business. Rich in history and brimming with potential, this is your chance to shape the future of a pub that has long been a cornerstone of the local community.
What would you do with this pub to make it even more of a success?
The area
Situated on the bustling crossroads of Lee Green, the Old Tigers Head enjoys high footfall and fantastic accessibility. With its prominent position and a welcoming exterior, the pub is perfectly placed to attract both loyal regulars and new visitors.
Demographics
The pub is one of 5 pubs found in an area of around 8,868 adults. The customer base is made up of mostly younger or mid-life adults.
The offer
Available on our FRI tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in the versatility of the space, which provides endless opportunities to tailor the offer to your vision. Whether you’re looking to create a hub for live entertainment, a destination for exceptional food and drink, or a relaxed community pub, the Old Tigers Head is a blank canvas with boundless potential.
What would you look to implement in the pub?
The site currently has the ability to drive trade via it’s large bar area, dedicated dining space, separate function room, and outdoor seating. It has a strong connection to local sports teams in the area as well.
The Old Tigers Head currently offers a food and drinks menu.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a hospitality business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience working with food, as well as in a similarly community focused hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports offer and can create a memorable experience for their customers. Previous experience working with cask ales is also preferable.
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 trading area with bar
- Separate dining room
- 36 internal covers
- 30+ external covers
- Catering kitchen
- Function room
- SmartDispense
- Outdoor seating
Private Accommodation
The spacious private accommodation consists of 5 bedrooms.
Estimated Total Ingoing Costs
£47,420
Estimated Minimum Ingoing Costs
£47,420
Annual Rent
£55,000
Estimated Annual Turnover
£716,432
Deposit
£13,750
Estimated Fixtures & Fittings Value
£19,170
Estimated Stock Valuation
£11,000
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:
351, Lee High Road, London, SE12 8RU
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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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