Ship Inn Richmond

93 Frenchgate, Richmond, DL10 7AE

  • Ship Inn Richmond
  • Ship Inn Richmond
  • Ship Inn Richmond
  • Ship Inn Richmond
  • Ship Inn Richmond
  • Ship Inn Richmond

Ship Inn Richmond

'Olde Worlde' Pub - Extensive Refurbishment Planned

The Ship Inn is an 'olde worlde' pub in the market town of Richmond. Richmond is in North Yorkshire on the edge of the Yorkshire Dales National Park and approximately 13 miles South West of Darlington. The Rough Guide describes the town as "an absolute gem" and it was named UK town of the year in 2009. The pub is located in the town centre on Frenchgate surrounded by pretty terraced residential homes and there are numerous B&Bs and guest houses nearby as well as local eateries, shops and businesses. Richmond has a strong tourist trade and with the Catterick Garrison Army base nearby expanding there is a plentiful customer base to appeal to, be it locals or visitors.

Star Pubs and Bars are planning an extensive refurbishment of the Ship Inn to transform it into a premium community pub which will appeal to locals and visitors alike. The proposed new design will enhance the beautiful site, respecting its historic features, while giving it a fresh rustic twist.

Post-refurbishment, The Ship Inn will be transformed into a characterful local pub, offering:

"•; A new and attractive venue in Richmond where customers will love spending their time in a welcoming atmosphere.
"•; A new kitchen and food menu offering premium pub food.
"•; A wide range of quality drinks, from local and national craft beers and cask ales to specialist gins and spirits.
"•; A vibrant outdoor beer garden for socialising in during the warmer months.

Can you be the face of the pub?

We are looking for an operator who brings a welcoming presence to the pub and is adaptable to catering to both locals and tourists. You will need to be proven in providing excellent retail standards and ready to be part of the community.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing

Trading Area & Facilities

Extensive Refurbishment Planned - A harmonious refurbishment fusing 'olde worlde' character and modern furnishings will anchor The Ship Inn as the go-to community hub. The pub will receive major works and the proposed new design will enhance the beautiful site, respecting its historic features while giving it a fresh rustic twist.

The pub will be completely refurbished with a mix of modern and exposed finishes, establishing an attractive feel throughout. There will be a fantastic up-tempo space for customers to enjoy casual drinking and eating with friends and family, along with the existing rear games area being retained and decorated in line with the rustic yet contemporary feel of the pub. The existing rear beer garden will be updated to match the premium interior offer, with festoon lighting and wall murals. This valuable outdoor area will become a welcoming and vibrant spot for customers to enjoy a drink during the warmer months, elevating the pub above local competitors. The kitchen will also benefit from the investment.

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

The private accommodation consists of two bedrooms, kitchen, bathroom and lounge. Where required there will be appropriate works carried in out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

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

Financials

Annual Rent £
21,250
Estimated Annual FMOP (Licensee Profit) £
26,301
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
255,645
Estimated Annual Barrelage
175

“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 £
16,900
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
5,313
Rent In Advance £
409
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 £
29,817
Estimated Minimum Ingoing Costs £
11,966

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 £
1,627
Estimated Annual Maintenance Compliance Charge £
1,473
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