King William
2 Commercial Street, Northampton, NN1 1PJAgreement Type:
Foundation Tenancy
View details for King William
Bell Shifnal
Bell Shifnal
Church Street, Shifnal, TF11 9AA Pub Code: 2302592101
Pub Code: 2302592101
Investment TenancyEst Min Ingoing Costs: £36,970
Annual Rent: £24,000
Exciting Investment Opportunity at the Bell in Shifnal!
The area
Shifnal is a thriving market town in Shropshire, around 4 miles east of Telford and within easy reach of Shrewsbury and Wolverhampton. It benefits from strong transport links, including a nearby rail station, which makes the town accessible for both locals and visitors. The high street offers a good mix of shops, restaurants, hotels, hairdressers and a local football club, all of which help generate steady footfall. More than 3,000 adults live within a 10 minute walk time, giving the pub a solid customer base.
Surrounded by attractive Shropshire countryside, Shifnal also draws leisure visitors, so the trade is not limited to local residents alone.
The offer
The Bell is available on our Investment Tenancy agreement. Click here for more information on this agreement.
The planned refurbishment will refresh the pub both inside and out. Externally, repairs to gates, drainage and guttering, along with jet washing and repointing, will help smarten the building and its surroundings. A new timber pergola with a retractable roof and heat lamps will also enhance the outdoor area and create a more inviting space for customers to enjoy throughout the year.
Inside, the pub will benefit from redecoration to painted areas, new lighting, new chairs, fresh window dressings, new drinks shelves and selected new floor finishes. Some existing furniture and flooring will be retained and freshened up to keep the character of the pub intact while giving it a brighter, more welcoming feel.
The vision is to create a comfortable and friendly local that appeals to regulars, commuters and visitors. We are looking for a licensee who enjoys being part of the community and has the drive to keep the pub lively throughout the week.
The domestic accommodation will also receive practical improvements, including repairs to bathrooms and flooring, making it a more comfortable place to live and work from.
Trading Area & Facilities
A refurbishment will turn the Bell into a premium town centre pub. The following transformations will be made:
- Updated back bar features.
- Enhanced front bar décor.
- New decorative tiled flooring.
- Stripped, stained, and repolished existing timber.
- Installation of new fixed seating.
- Introduction of mid-height fixtures and fittings.
- Complete redecoration. Dining Area
- New Karndean flooring.
- Tiled bar apron installation.
- Updated fixtures and fittings.
- Full redecoration works to walls, ceilings and theming walls.
- Installation of new kitchen equipment. Toilets
- Refurbished Ladies’ and Gents’ toilets with new flooring
Private Accommodation
The private accommodation consists of a one bed roomed self - contained managers flat.
Estimated Total Ingoing Costs
£36,970
Estimated Minimum Ingoing Costs
£36,970
Annual Rent
£24,000
Estimated Annual Turnover
£398,102
Deposit
£6,000
Estimated Fixtures & Fittings Value
£21,470
Estimated Stock Valuation
£6,000
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:
Church Street, Shifnal, TF11 9AA
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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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