Red Cow Inn Stoke On Trent

Ash Bank Road, Stoke On Trent, ST9 0DT

  • Red Cow Stoke on Trent
  • Red Cow Stoke on Trent
  • Red Cow Stoke on Trent
  • Red Cow Stoke on Trent

Red Cow Inn Stoke On Trent

Refurbishment Planned!

In terms of location, The Red Cow occupies the best of both worlds. The pub is located on a main road just outside of Stoke-on-Trent, right next to residential areas and shops. There are over 5,000 adults within a 20 minute walk and there are plans underway to build 75 new houses nearby. The pub also sits on the cusp of unspoilt Shropshire countryside, which will be highlighted following the pub's refurbishment. With little competition, the internal refurbishment will ensure The Red Cow is the stand-out pub in the area, attracting a diverse range of customers, both locally and from further afield.

A new refurbishment will elevate The Red Cow into a stunning local pub, with a standout food menu, offering destination dining in beautiful surroundings. A refreshed interior will provide the perfect, ambient space for customers to enjoy a drink or quality pub meal. A prominent feature of the refurbishment will be the new external dining area, with a retractable roof and sides, offering stunning views of the Shropshire landscape. The works will enable The Red Cow to become a lively and sociable venue, placing it at the heart of the community.

The refurbishment will create an exceptional pub capable of trading at all points of the day, appealing to the whole community year-round. The feature external dining area will be a huge draw during warmer months, attracting couples, groups and families alike. The pub's great reputation for quality food can be capitalised on and expanded following the improved decor of the dining area.

Experienced and Ambitious Operator Wanted!

The Red Cow has strong potential to be a stand-out, successful and much-loved pub, all we're missing is the right person to run it. We are looking for an Operator with experience in launching and developing a quality food offer and have the drive and ambition to push the business forward. It is a fantastic opportunity for the right person to unlock this pub's potential. So, could that be you?

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The bar servery will be redecorated to create a welcoming entrance for customers, perfectly displaying the upgraded drinks offering. The internal trade area will undergo minor decorative works to refresh and upgrade the space. It will become the perfect space for the whole community to enjoy a casual drink or more formal meal.

The outside area will be refreshed to create a welcoming space, increase the number of covers and provide an area for customers to relax in. A new external dining area will be a standout feature of the refurbishment, including a retractable canopy and sides. The external area and signage will be refurbished to enhance the pub's kerb appeal and highlight the new and improved offer to passing customers.

Fixtures & Fittings mat be negotiable and should be discussed with the Business Development Manager.

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 bedrooms, lounge, kitchen and a bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

For full licensing details, please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:30 11:00 - 00:30 11:00 - 00:00

Financials

Annual Rent £
63,000
Estimated Annual FMOP (Licensee Profit) £
62,722
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
793,762
Estimated Annual Barrelage
280

“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 £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
15,750
Rent In Advance £
1,212
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
52,262
Estimated Minimum Ingoing Costs £
45,800

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 £
1,703
Estimated Annual Maintenance Compliance Charge £
TBC
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