Holly Bush Sheffield
Hollins Lane, Sheffield, S6 5GQAgreement Type:
Investment Tenancy
View details for Holly Bush Sheffield
Walkley Cottage Inn Walkley
Walkley Cottage Inn Walkley
46, Bole Hill Road, Sheffield, S6 5DD Pub Code: 2302279101
Pub Code: 2302279101
Investment TenancyEst Min Ingoing Costs: £44,191
Annual Rent: £38,561
Walkley Cottage offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area
Walkley Cottage is located in Walkley, an affluent suburb of Sheffield, with a main link road running through to the city centre. The pub is surrounded by dense residential housing and benefits from a large, well-established local population.
The pub benefits from serving a strong local catchment of 27,078 people within walking distance. The customer base over-indexes on adults aged 25+, with 25-44 forming the largest population group, sitting firmly within a medium to high affluence profile.
The offer
Walkley Cottage is available on our investment tenancy agreement. Click here for more information on this agreement.
A full internal refurbishment is planned, upgrading the pub to a more premium standard throughout. This includes significant investment in the kitchen to improve flow and delivery space, supporting a consistent and sustainable food offer delivered all week. Externally, new signage and lighting will be added to the visible elevations in line with the agreed scheme.
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 Walkley Cottage will have extensive experience in hospitality businesses. They will have a clear vision for their food offer, drinks range and rhythm of the week, and can create a memorable experience for their customers by delivering consistency, quality and a premium feel.
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
Walkley Cottage will be undergoing a refurbishment which will cover the internal areas of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading areas and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining room
- 74 internal covers
- 48 external covers
- Catering kitchen
- Heineken SmartDispense
- Beer garden
- Car park with 12 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 3 bedrooms, along with additional domestic facilities.
Estimated Total Ingoing Costs
£44,191
Estimated Minimum Ingoing Costs
£44,191
Annual Rent
£38,561
Estimated Annual Turnover
£621,543
Deposit
£9,640
Estimated Fixtures & Fittings Value
£25,051
Estimated Stock Valuation
£6,000
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:
46, Bole Hill Road, Sheffield, S6 5DD
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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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