Kings Arms Cleobury
6 Church Street, Kidderminster, DY14 8BSAgreement Type:
Foundation Tenancy
View details for Kings Arms Cleobury
White Hart Kidderminster
White Hart Kidderminster
The Village, Kidderminster, DY11 7TD Pub Code: 2302552101
Pub Code: 2302552101
Investment TenancyEst Min Ingoing Costs: £28,375
Annual Rent: £25,500
Affluent location
The White Hart is located in Hartlebury. Hartlebury is a village and civil parish in the Wychavon district of Worcestershire,. It is 4 miles south of Kidderminster. The pub itself is close to Hartlebury Castle . It is surrounded by strong demographics, with c500 adults living within a 10 minute walk, consisting of mostly high affluence. There is no competition in the immediate area. The nearest pub is a 15-minute walk away.
Tap into this pubs potetnial
The White Hart is a pub with fantastic potential. The planned refurbishment will allow a new licensee to capitalise upon this with the full internal and external re-decoration. The existing kitchen is in great condition, to allow for a fantastic, traditional home-cooked food menu. All we are looking for is the right operator that understand community pubs….
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 White Hart will have extensive experience in similar hospitality businesses with a focus on food.
They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 pubs next chapter…
Trading Area & Facilities
Fantastic refurbishment planned
A sympthetic refurbishment will transform the White Hart into a premium local pub. The proposed investment will allow for Star Pubs & Bars to refresh the bar servery, add a new back bar, as well as new flooring. The entire interior of the pub will undergo a re-decoration and will benefit from new fixtured and fittings.
Externally, we will be giving the pub an all-new look and feel, by installing attractive signage and lighting to increase the pubs kerb appeal. We will also renovate the existing garden space to create a real focal point for the village and passing trade.
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£28,375
Estimated Minimum Ingoing Costs
£28,375
Annual Rent
£25,500
Estimated Annual Turnover
£393,544
Deposit
£6,375
Estimated Fixtures & Fittings Value
£16,000
Estimated Stock Valuation
£2,500
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:
The Village, Kidderminster, DY11 7TD
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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