Fox Inn Market Harborough
30 North End, Market Harborough, LE16 8UJAgreement Type:
Foundation Tenancy
View details for Fox Inn Market Harborough
White Hart Filance Bridge
White Hart Filance Bridge
Stone Cross, Stafford, ST19 5AS Pub Code: 2302922101
Pub Code: 2302922101
Investment TenancyEst Min Ingoing Costs: £29,441
Annual Rent: £19,764
Exciting Refurbishment for The White Hart: A Future Community Hub with Great Potential
What would you do with this pub to make it a success?
The area
An exciting opportunity to lease the White Hart, a well-established pub in the lively village of Penkridge, Staffordshire. With a vibrant community, the White Hart is perfectly situated to be a thriving community-focused pub. We’re investing in a full refurbishment, both inside and out, to give it a fresh, welcoming atmosphere. Our goal is to revitalise this local spot, and we're seeking a licensee who understands the importance of being at the heart of the community.
The offer
The White hart is available on our investment tenancy agreement. Click here for more information on this agreement.
We’ve prepared everything for success: new decor, updated facilities, and a focus on entertainment and sports to draw in the crowds. It will offer a full range of beers, ciders, cask ales, low & no alcohol options, wines, spirits, and soft drinks. Being a wet-led pub, we expect there to be a good demand for session lagers, premium beers and cask ales, particularly from the sports zone.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 pubs next chapter…
Trading Area & Facilities
The White hart 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:
- Main trading area with bar
- Separate Sports bar & Tap room
- 62 internal covers
- Number of external covers tbc
- Smart Dispense
- Small outdoor trading area
- Car park with 8 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 2 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£29,441
Estimated Minimum Ingoing Costs
£29,441
Annual Rent
£19,764
Estimated Annual Turnover
£290,565
Deposit
£4,941
Estimated Fixtures & Fittings Value
£17,000
Estimated Stock Valuation
£4,000
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:
Stone Cross, Stafford, ST19 5AS
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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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