Old John Peel Inn Bowness
Rayrigg Road, Bowness On Windermere, LA23 3BZAgreement Type:
Investment Tenancy
View details for Old John Peel Inn Bowness
Brown Cow Cockermouth
Brown Cow Cockermouth
37, Main Street, Cockermouth, CA13 9JS Pub Code: 2303153101
Pub Code: 2303153101
Investment TenancyEst Min Ingoing Costs: £34,142
Annual Rent: £22,569
We’re transforming the Brown Cow in Cockermouth into a standout pub with a full refurbishment. Located in the heart of this Georgian town near the Lake District, this pub is full of opportunity for the right operator.
The Brown Cow benefits from being in a vibrant area with nearly 8,000 adults within walking distance of the pub. Our significant investment will create a standout venue in a competitive area, blending community charm with a dynamic, food-led offer. With a refreshed interior and exterior, traditional Cumbrian food, and quality entertainment, the new Brown Cow will offer 56 indoor covers, a lively day-to-night atmosphere, and two-bedroom private accommodation.
The Area:
Located in the heart of a vibrant market town just minutes from the popular tourist area of the Lake District, a UNESCO World Heritage Site and largest national park in the UK, it’s perfectly placed to attract affluent locals, day-trippers, and tourists.
The Offer:
The Brown Cow Cockermouth is available on our investment tenancy agreement. Click here for more information on this agreement.
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 Brown Cow Cockermouth will have extensive experience in high street hospitality businesses. They will have a clear vision for a local food menu, drinks offer, marketing strategy and entertainment offer and to 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
The Brown Cow Cockermouth will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Games area
- 56 internal covers
- Catering kitchen
- HEINEKEN SmartDispense
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 2 bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£34,142
Estimated Minimum Ingoing Costs
£34,142
Annual Rent
£22,569
Estimated Annual Turnover
£380,267
Deposit
£5,642
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£5,000
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:
37, Main Street, Cockermouth, CA13 9JS
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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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