Lord Nelson Hotel Hull
163 Endike Lane, Hull, HU6 7UAAgreement Type: Foundation Tenancy
View details for Lord Nelson Hotel HullRefurbishment Planned
Black Horse
Melton Road, Brigg, DN20 8SL
Pub Code: 2302680101
Key Features
- Investment Tenancy
- Refurbishment Planned
- Country Pub
- Large Catering Kitchen
- Beautiful Dining Terrace
- Car Park
Est Min Ingoing Costs: £44,599
Annual Rent: £29,017
More Information
The Black Horse is in the picturesque village of Wrawby, just to the east of Brigg and close to Humberside airport. Although a small village with 1,500 adults, there are 84,000 adults within 20 minutes’ drive and with two popular golf courses. The demographics surrounding the pub are of mid-affluence. Mature and retired households looking for a quality food and drink offer.
The Black Horse is available on our investment tenancy agreement. Click here for more information on this agreement
When refurbished, the Black Horse will offer:
A high quality, focused range of drinks including premium and favourite lagers, ciders, wines, spirits and soft drinks
A high-quality food offer to attract locals and those further afield
Barbecues in the warmer months on the al-fresco terrace
Premium coffee
Entertainment as part of the rhythm of the week, such as occasional live acoustic music and open mic sets.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Black Horse will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their 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 pubs next chapter…
Trading Area & Facilities
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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).
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
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 29,017 |
| Estimated Annual Turnover | £ 468,978 |
| Deposit | £ 7,254 |
| Estimated Fixtures & Fittings Value | £ 28,845 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 44,599 |
| Estimated Minimum Ingoing Costs | £ 44,599 |
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:
Melton Road, Brigg, DN20 8SL
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View details for Light Dragoon Inn EttonTo 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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