Old John Peel Inn Bowness
Rayrigg Road, Bowness On Windermere, LA23 3BZAgreement Type:
Investment Tenancy
View details for Old John Peel Inn Bowness
Bruce Arms Macclesfield
Bruce Arms Macclesfield
231, Crompton Road, Macclesfield, SK11 8HB Pub Code: 2302435101
Pub Code: 2302435101
Investment TenancyEst Min Ingoing Costs: £40,736
Annual Rent: £19,744
Major refurbishment to best community local
What would you do with this pub to make it even more of a success?
The Area
The Bruce Arms is located in Macclesfield within a mature local community with a large established housing base. There are over 6,000 people living within a 10-minute walk of the pub, with a strong adult population on the doorstep. The pub should be the main focal point for the immediate community, offering a welcoming and dependable local for everyday drinks, sport and socialising.
The Offer
The Bruce Arms is available on our investment tenancy agreement. Click here for more information on this agreement.
A full refurbishment is set to transform The Bruce Arms into the best community local in the area. The pub will operate as a wet-led venue, with a competitively priced drinks range and a layout designed to suit all types of casual visits. Inside, all trading areas will be fully redecorated, creating a fresh and welcoming environment while retaining the character that locals know and love. Dedicated zones for sport, pool, darts and social drinking will support a lively, community-focused atmosphere.
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 pub’s next chapter…
Trading Area & Facilities
The Bruce Arms will be undergoing a refurbishment covering the internal and external 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
- Lounge area
- Snug area
- Sports area with pool and darts
- Outdoor garden space
- 100 internal covers
- 60 external covers
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, 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.
Estimated Total Ingoing Costs
£40,736
Estimated Minimum Ingoing Costs
£40,736
Annual Rent
£19,744
Estimated Annual Turnover
£320,482
Deposit
£4,936
Estimated Fixtures & Fittings Value
£27,300
Estimated Stock Valuation
£5,000
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:
231, Crompton Road, Macclesfield, SK11 8HB
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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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