New Inn Norwich
12 New Inn Hill, Norwich, NR14 7HPAgreement Type:
Investment Tenancy
View details for New Inn Norwich
Trevor Arms Marford
Trevor Arms Marford
Marford Hill, Marford, Wrexham, LL12 8TA Pub Code: 0091833101
Pub Code: 0091833101
Investment TenancyEst Min Ingoing Costs: £73,532
Annual Rent: £52,128
Substantial investment to create exceptional new business.
What would you do with this pub to make it a success?
The area
The Trevor Arms is located in the affluent village of Marford, best known for its delightful Gothic estate architecture with many cottages listed by the Welsh Government. It sits Just off the A483 between Chester and Wrexham. The pub is surrounded by residential housing.
The pub benefits from being the only pub in an area of around 500 adults. The stunning new look at The Trevor Arms will attract a broad demographic.
• All ages and mixed groups, looking for a well-finished place to enjoy a drink or a meal
• Local residents and sports fans that want to watch live sports
• Business users, families or couples travelling, looking for a place to stay
The Trevor Arms is available on our investment tenancy agreement. Click here for more information on this agreement.
A fabulous refurbishment will transform the Trevor Arms into a premium local pub. Inside, the pub will be redecorated throughout. Other upgrades throughout the pub such as fitting the kitchen with all-new equipment and refitting. We will also be overhauling the bar servery and upgrading the interior of the pub with new & refurbished furniture. This will give the pub a much more premium feel. Outside the pub, the refurbishment will also include all new signage and lighting to enhance the pubs kerb appeal. There will also be a new external seating area, next to the car park entrance.
The Offer
The Trevor Arms has the potential to be THE pub in Marford Wrexham.
• A high-quality, focused range of drinks including traditional and premium lagers, spirits and wines • Upmarket pub classics food menu, with a range of specials and Sunday lunches.
• A full barista-style coffee offering
• Some live sports, but only for key events
• Weekend entertainment
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer, marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The Trevor Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Two distinct trading areas
- 65 internal covers
- 40 external covers
- Large commercial kitchen
- Smart Dispense
- 20 letting rooms
- Large outdoor trading area
- Car park with 30 spaces#
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 3 bedrooms, a living room, kitchen, bathroom and office
Estimated Total Ingoing Costs
£73,532
Estimated Minimum Ingoing Costs
£73,532
Annual Rent
£52,128
Estimated Annual Turnover
£754,752
Deposit
£13,032
Estimated Fixtures & Fittings Value
£45,000
Estimated Stock Valuation
£12,000
Estimated Working Capital
£3,500
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Marford Hill, Marford, Wrexham, LL12 8TA
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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