Red Deer Sheffield

18 Pitt Street, Sheffield, S1 4DD

  • Red Deer Sheffield

Red Deer Sheffield

Much-Loved Cask Ale Pub

The Red Deer is a well-established, popular pub in Sheffield city centre. Known for it's quality cask ale and vegan/ vegetarian food options, this is widely regarded as one of the best pubs in the city. Many students and young professionals frequent the pub, due to its proximity to Sheffield University.

The pub is traditional in nature and prides itself on it's reputation in Sheffield, given the city's rich brewing heritage. It is a SIBA accredited premises. It is also known as one of the most dog-friendly pubs in the area.

The next operator of The Red Deer should continue to serve a similar appealing food menu, with the popular vegan options.

Are you an experienced local operator who takes pride in their Sheffield heritage?

The perfect operator for The Red Deer will be from Sheffield and will have an enthusiasm for cask ale. They will have prior experience running similar venues and understand the importance of great service and quality beer. If this sounds like you, apply now to find out more.

Pub Features

  • Rolling Tenancy
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

Inside, the pub is traditional in design.

The pub has a cosy, walled-in beer garden, which is partially covered.

Private Accommodation

Private accommodation at the pub consists of two double bedrooms, single bedroom, kitchen, lounge and bathroom.

Premises Licence Details

Please refer to Premises Licence for more detail.

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 10:00 - 00:00

Financials

Annual Rent £
43,131
Estimated Tenants Annual Operating Profit £
43,129
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
556,440
Estimated Annual Barrelage
351

“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 £
5,360
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
10,783
Rent In Advance £
829
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 £
22,582
Estimated Minimum Ingoing Costs £
10,033

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 £
1,186
Estimated Annual Maintenance Compliance Charge £
1,565
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