Rising Sun Middleton

Rise End, Matlock, DE4 4LS

  • Rising Sun Middleton
  • Rising Sun Middleton
  • Rising Sun Middleton
  • Rising Sun Middleton
  • Rising Sun Middleton
  • Rising Sun Middleton

Rising Sun Middleton

Character Filled Pub
Located in the pleasant village of Middleton, the Rising Sun appeal for local customers as well as visitors enjoying the Derbyshire countryside. The pub is close to both the High Peak Trail and Carsington Water, so has the ability to attract walkers, cyclists and tourists alike.

Quality home-cooked food and great cask beer are the key ingredients to success here. Middleton itself has recently expanded with the addition of further housing, putting a strong potential customer base on the pub s doorstep. Matlock is a 15-minute drive away and Derby twice that distance.

Can you capitalise on this great opportunity? This would be an ideal opportunity for an operator who can maximise both the regular and destination business. You ll possess the skills to position this pub at the centre of the local community and be able to use all the tools to market this outlet to the many people visiting the area delivering excellent hospitality to all customers at every visit. You ll also need catering skills to develop the food business to its potential."

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Smoking Area
  • Childrens Play Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Dating back to the early 18th century, this pub retains great character throughout, with cosy nooks and crannies and sympathetic furnishings and d cor. It s an open plan trading operation, with a central bar and the catering kitchen serving 50 covers, plus further seating outside.

Private Accommodation

The private accommodation consists of three bedrooms and a lounge.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 10:30 - 00:00 10:30 - 00:30 10:30 - 00:30 11:00 - 23:00

Financials

Annual Rent £
20,750
Estimated Annual FMOP (Licensee Profit) £
20,740
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
311,076
Estimated Annual Barrelage
142

“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 £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
5,188
Rent In Advance £
399
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 £
22,772
Estimated Minimum Ingoing Costs £
11,924

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 £
Estimated Annual Maintenance Compliance Charge £
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