Staff Of Life Sutton In Ashfield

West End, Sutton In Ashfield, NG17 1FB

  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield
  • Staff Of Life Sutton In Ashfield

Staff Of Life Sutton In Ashfield

Popular Community Hub

The Staff of Life is a well known community local within the market town of Sutton Ashfield. The pub has a great catchment area and is surrounded by plenty of housing. Demographics in the area consist of families and pre retirement couples with expendable income for social activities.

The pub is known for it's Skittles team which has won a variety of awards. Other appealing features include a small function room, catering kitchen and car park. The outdoor trading area can accommodate ten tables comfortably.

A traditional home cooked food menu would work well at the pub coupled with a varied events calendar.

Local Community Operator Wanted

The Staff of Life requires an enthusiastic and welcoming operator at the helm. Ideally you will be local to the area, understand the customer base and have prior experience running a hospitality business. Apply now to find out more about this fantastic opportunity.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Pub Games

Trading Area & Facilities

Inside, the pub spacious and divided into two clear trading areas - the main bar and a lounge. The interior design of the pub is fresh and welcoming.

There is the added bonus of a small function room.

Outside, the pub has a beer garden that can accommodate ten tables comfortably. There is also a good sized car park which has the potential to be used for events during the summer months.

Private Accommodation

Private accommodation consists of three bedrooms, living room, kitchen and bathrooms. In line with our Ready to Trade Promise, we will ensure the Private Accommodation at the pub is brought to a good standard before you take on the pub.

Premises Licence Details

Please refer to Premises Licence for more information.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 23:30 10:30 - 23:30 10:30 - 23:30 10:30 - 23:30 10:30 - 23:30 10:30 - 23:30 12:00 - 23:30

Financials

Annual Rent £
23,000
Estimated Annual FMOP (Licensee Profit) £
23,555
Representative HEINEKEN UK Brand Discount Per Barrel £
160
Estimated Annual Turnover £
349,637
Estimated Annual Barrelage
234

“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 £
6,840
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
5,750
Rent In Advance £
442
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 £
19,332
Estimated Minimum Ingoing Costs £
10,057

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 £
1,691
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