Highlander Birmingham

Merritts Hill, Birmingham, B31 1TN

  • Highlander Birmingham

Highlander Birmingham

Be the Beating Heart of the Local Community!

This busy local Located on Merritts Hill in Birmingham is supported by a great catchment area of families, couples and the more mature clientele, with over 4,000 adults within a half-mile radius. Income streams come predominantly from good wet trade, while there is real potential to maximise the food offering via a newly re-fitted kitchen.

The pub will undergo a major refurbishment including a selection of new loose furniture, new fixed furniture and refurbished curve booth seating. The pub is currently split into two main areas which will be reconfigured to create a one room operation with dividing walls to help clearly section the bar from the lounge. The overall ambience of the site will remain "community pub" and a selection of new bric a brac will complement the new scheme. TV's for sports viewing will be provided to all areas.

Friendly, Community Food Operator Needed!

Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality and we would like to see you bring your own ideas and flair to make the most of this great opportunity.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, new seating will be introduced in the form of loose furniture, new fixed furniture and refurbished curve booth seating. It will benefit from a brand new painted bar servery with new front panels and a new stained and polished bar top. In addition, a new backbar fitting will be formed with tiles and mirrored divisions. The site will see a new tiled bar apron and a division wall to the centre of the bar servery finished TVs to either side. New altro flooring will also be allowed for to the bar servery. The cellar will have our state of the ark Smart Dispense system installed

The existing kitchen will receive new equipment as specified by a specialist contractor. New altro flooring and decoration to be provided. Both ladies and gents toilets are to undergo complete internal refurbishment, including new vanity unit, new safety vinyl flooring, tiled walls, lighting and decorations.


Externally, a new signage scheme will be provided, including new external cladding and decorated render. As well as a new signage scheme to improve kerb appeal, there will be a selection of new furniture for the patio & smoking area, including repairs & jet washing to the existing flag flooring, and new festoon lighting will be provided to timber posts. New patio slabs will be laid to below the new benches. All furniture & planters are to be fixed. Car parking facilities are available to accommodate 20 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

The private accommodation at the Highlander consists of three bedrooms, lounge, kitchen and bathroom. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please refer to license for details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 00:00 10:00 - 00:30 10:00 - 00:30 10:00 - 23:30

Financials

Annual Rent £
35,750
Estimated Annual FMOP (Licensee Profit) £
39,896
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
413,868
Estimated Annual Barrelage
293

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
34,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
8,938
Rent In Advance £
688
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
51,821
Estimated Minimum Ingoing Costs £
48,174

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,911
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased