White Hart Headless Cross

157 Evesham Road, Redditch, B97 5EJ

  • White Hart Headless Cross
  • White Hart Headless Cross
  • White Hart Headless Cross
  • White Hart Headless Cross

White Hart Headless Cross

Destination Pub with Extensive Refurbishment Planned

The subject of a planned refurbishment, the White hart sits in a prominent position on the main Evesham Road, in the village of Headless cross. The village stands on the boundary between Warwick and Worcester, making it a perfect destination site with the catchment area being made up of 82,000 adults within a 10 minute drive of the pub. This high quality local and destination pub will attract an eclectic mix of consumers across different parts of the day thus maximising all profit opportunities.

Multiple income streams will be driven by food, drink, nine letting rooms and two function rooms, combined with a fabulous courtyard garden that can be used all year round. The future offer will include a range of premium lagers, Craft and real ales, high end spirits, cocktails and a quality wine selection to enhance a small but quirky food menu. It will cater for both locals and passers-by in the day time, turning into a great evening venue pulling people from the local towns. With occasional entertainment this will be the go to bar for anyone in Headless Cross and the wider towns nearby which will include pulling consumers from Redditch.

Looking for an Experienced Pub Operator

The Successful candidate for this pub will have a wealth of experience running a multi operational site. You'll be passionate about delivering a quality experience in an environment that keeps people coming back time and time again.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Refurbishment Planned
  • Private Accommodation
  • Childrens Play Area
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the site will undergo a complete refurbishment. It will be re-planned to create smaller 'rooms' within the pub for eating and drinking anywhere. It will retain the existing values of a pub but with a twist. A new kitchen will be installed in a new location. The extension with concertina doors leading out onto the terrace would provide a bright space with a feature fireplace. This space would also link to the first floor function room which will provide an over spill to the pub but would also be available for private functions. There is a separate Function Room which will be refurbished for wedding use etc. There are nine letting rooms to upper floors.

Externally the pub will be fully redecorated with the inclusion of new signage and lighting to increase kerb appeal. The current external drinking area is to be extended onto the car park to increase the visibility of the terrace. The covered terrace area is to be extended and a BBQ hut will be installed. The external scheme will reflect the interior refurbishment.

Private Accommodation

Private Accommodation

Private accommodation will be created as part of the refurbishment, details to be confirmed.

In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.


Premises Licence Details

Refer to the Premises Licence for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:00 - 02:00 09:00 - 02:00 09:00 - 02:00 09:00 - 02:00 09:00 - 02:00 09:00 - 02:00 10:00 - 02:00

Financials

Annual Rent £
94,500
Estimated Annual FMOP (Licensee Profit) £
97,531
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
1,068,839
Estimated Annual Barrelage
344

“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 £
80,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
23,625
Rent In Advance £
1,817
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
115,752
Estimated Minimum Ingoing Costs £
106,060

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 £
5,893
Estimated Annual Maintenance Compliance Charge £
0
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