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RegisterBlue Bell Kip Hill
Blue Bell Kip Hill
Kip Hill, Stanley, DH9 0LR Pub Code: 0070289101
Pub Code: 0070289101
Investment TenancyEst Min Ingoing Costs: £39,454
Annual Rent: £31,816
Pub Overview
A £268,000 refurbishment is planned to transform the Blue Bell in Kip Hill into a vibrant, food-led community pub with a strong local following and modern appeal. What would you do with this pub to make it a success?
About the area
Located on a residential estate in Kip Hill, the Blue Bell sits at the heart of an established local community. With 1,485 adults living within a 10-minute walk and 3,614 within 20 minutes, there is a strong base of potential regulars right on the doorstep.
The pub has been closed, presenting a genuine opportunity to rebuild its reputation and reintroduce it as a welcoming, high-quality local. The planned investment will reposition the Blue Bell to appeal to a broader, more diverse customer base, moving it from a closed site to a thriving destination for everyday occasions.
The offer
The Blue Bell is available on our investment tenancy agreement. Click here for more information on this agreement.
Who we're looking for
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 Blue Bell will have extensive experience in food-led hospitality businesses. They will have a clear vision for a compelling food and drink menu, strong community marketing and a well-executed weekly rhythm of events, 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 pub’s next chapter…
Trading Area & Facilities
The refurbishment of the Blue Bell will cover both the interior and exterior of the pub.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Separate games and sports zone
- 149 internal covers
- 66 external covers
- Large commercial catering kitchen - approximately 480 sq ft
- Pub garden
- 28-space car park
- HEINEKEN SmartDispense
- Private accommodation - 2 bedrooms
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, 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 two bedrooms.
Estimated Total Ingoing Costs
£39,454
Estimated Minimum Ingoing Costs
£39,454
Annual Rent
£31,816
Estimated Annual Turnover
£484,833
Deposit
£7,954
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£3,000
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:
Kip Hill, Stanley, DH9 0LR
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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
