Cricketers Badshot Lea
22 Badshot Lea Road, Farnham, GU9 9LUAgreement Type: Foundation Tenancy
View details for Cricketers Badshot LeaRefurbishment Planned
Bear & Ragged Staff Farnham
The Street, Wrecclesham, Farnham, GU10 4QR
Pub Code: 0020736101
Key Features
- Refurbishment Planned
- Great Location
- Private Accommodation
- Car Park
- 70+ Covers
Est Min Ingoing Costs: £40,960
Annual Rent: £33,200
More Information
Contemporary refurbishment planned!
A well-finished refurbishment will transform the Bear into a premium community pub. Inside, the pub will be redecorated the dining area with new floor finishes, fixed seating and cage planters. There will minor works to the bar, and minor enhancements to the flooring throughout the rest of the pub. The toilets will undergo decoration, and trade kitchen and cellar will receive required decoration and additional fixed kitchen equipment.
The refurbishment will include the addition of an all-new signage and lighting will also be installed, giving the pub a ‘face-lift’ to give it fantastic kerb appeal. We will also add new outdoor furniture and lighting.
Community focused area
The Bear is located in the village of Wrecclesham, on the outskirts of Farnham, only 2 miles from the centre. Wrecclesham is known for sporting hubs for cricket and rugby. Farnham is a historic market town nestled in the rolling Surrey Hills. Farnham is a short drive from the pub, making the Bear a great place to stop on the way into the town centre. There are strong affluence levels surrounding the pub with 61% high and 26% medium affluence. The local demographics suggest a good demand for quality food and drink.
Tap into this pub’s potential
The Bear will operate as a community favourite once refurbished. The planned investment will allow us to fully re-decorate the pub and give the ample passing trade a reason to visit. With a revitalised offer and vibe, the pub will appeal to customers who want to meet friends for a drink or to stop for a drink or bite to eat before and after their shopping trips or visiting the nearby market.
Target customers:
When refurbished, the Bear will appeal to a very broad spectrum of customers, the main demographics being:
Well-qualified older singles with incomes from successful careers
High achieving families living fast-track lives, advancing careers, finances with their school aged kids
Retired residents in sizeable homes whose finances are secured by significant assets and generous pensions
Offer:
When refurbished, the Bear will offer:
A premium, quality range of drinks including beers such as Amstel, to Beavertown and spirits and wines
A traditional, home-cooked pub food menu
Coffees to attract day trade
Entertainment such as sport, quizzes, entertainment, student and community events as part of the rhythm of the week & month
Trading Area & Facilities
The Bear & Ragged Staff will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.
Please 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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of one bedroom, lounge, kitchen, bathroom and an office.
| Annual Rent | £ 33,200 |
| Estimated Annual Turnover | £ 470,809 |
| Deposit | £ 8,300 |
| Estimated Fixtures & Fittings Value | £ 24,160 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 40,960 |
| Estimated Minimum Ingoing Costs | £ 40,960 |
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 Street, Wrecclesham, Farnham, GU10 4QR
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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