Pen Nook Deepcar

16 Helliwell Lane, Sheffield, S36 2QH

  • Pen Nook Deepcar
  • Pen Nook Deepcar
  • Pen Nook Deepcar
  • Pen Nook Deepcar
  • Pen Nook Deepcar

Pen Nook Deepcar

£202,000 Investment in Family Friendly Community Pub
Located within Deepcar, just north of Sheffield, The Pen Nook is a spacious community pub that offers great pub food in a relaxed atmosphere. The Demographics of the area are excellent, with over 2,800 adults living within a 10 minute walk of the pub, providing a relatively captive audience. The majority of the traffic on and off the local affluent estate passes the Pen Nook offering a great opportunity to attract new and lost customers. The area consists of mainly mature couples and professional families, meaning there is ample opportunity for a fun and welcoming local pub and it is the only site in the local area to boast a 30 space car park.

We plan to rejuvenate Pen Nook with a £202,000 investment that will refurbish both the bar and dining room along with all outside areas. Our vision for the pub post refurbishment is a stylish local pub that is a great place to watch sports and have drink in the bar area while boasting a quality but good value food menu, combining pub classics with an already popular Sunday Carvery. The planned refurbishment will enhance the current building, making it an attractive proposition for all of the passing customers, increasing internal covers from 44 up to 63 with a further 30 externally. Locally sourced produce and a premium on trend drinks menu will be key, combine this appealing menu with the stylish refurbishment, and you have a pub that will appeal to all local customers.

If you want to take a virtual tour of a recent refurbishment we have carried to get a feel for our plans at the Pen Nook, then click here.

Local Operator with High Standards Wanted

Are you a local operator who takes pride in their pub? Do you have experienced with food? You will have high retail standards and the ability to promote your pub not only on social media but also using traditional methods like letter drops.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Childrens Play Area

Trading Area & Facilities

Inside, the pub is split into two trading areas, each with its own bar, allowing areas to be sectioned for functions. There will be the renovation of seating alongside the general feel and style of the pub. Flooring is a mix of polished timber and carpet - internal seating capacity for your guests will rise to 63 covers. The spacious interior is complimented by plenty of windows which allow for a lot of natural light in the building. The split in trading areas means that an operator can deliver both a bar and restaurant offer. The conservatory to the front of the pub will be used as a dedicated games room.

Externally, the pub has an outdoor trade area that will be maximised during the refurbishment with the addition of new loose furniture and festoon lighting - ensuring excellent kerb appeal to the high volume of passing footfall to and from the estate. The large car park with c30 spaces is an added bonus, as no other pub in the local area offers this.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

Private accommodation consists of two bedrooms, bathroom, living room and kitchen. In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to the Premises Licence for more details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 01:00 10:00 - 01:00 11:00 - 00:00

Financials

Annual Rent £
29,500
Estimated Annual FMOP (Licensee Profit) £
32,963
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
410,253
Estimated Annual Barrelage
275

“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 £
34,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
7,375
Rent In Advance £
567
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 £
48,127
Estimated Minimum Ingoing Costs £
48,127

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 £
1,623
Estimated Annual Maintenance Compliance Charge £
1,470
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