Brown Horse South Wirral

3 The Cross, Neston CH64 9UB

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Under Offer

Brown Horse South Wirral

Although located on the high street of the market town this pub is very much a focus for the local community whether that is watching sporting events, taking part in traditional pub team games, enjoying the weekend entertainment or socialising in the hidden courtyard.
Star Pubs and Bars are planning to make a large scale and comprehensive investment in the site to bring the pub back to life as a real community asset with a proposition to suit. This will be based on a great heritage ciders, cask ales and world beers and a traditional pub fayre menu served in a wonderfully traditional setting!

This is a great opportunity to re-energise the business and return it to its place as the focal point of local life. You'll be an experienced operator, and you'll quickly see how you can build relationships with key stake holders locally and use your marketing ability to promote the plethora of activity throughout the year. You'll be able to slot effortlessly into community life - perhaps the area's already familiar to you?

Pub Features

Rolling Tenancy
Refurbishment Planned

Trading Area & Facilities

The main entrance to the pub is located on the High Street within Neston and leads directly onto the central bar servery. The traditional pub dÃ©cor has been kept in good order albeit Star are now exploring the possibility of delivering a significant investment to bring this up to a contemporary standards while maintaining many of the traditional features.
There is a well beautifully presented courtyard to the rear of the property, an ideal sun trap for socialising and enjoying a cool drink on a summer's afternoon!

Private Accommodation

The private accommodation consists of 4 bedrooms, bathrooms, Kitchen and lounge area. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business

Premises Licence Details

Premises Licence Opening Hours

Mon	Tue	Wed	Thu	Fri	Sat	Sun
-	-	-	-	-	-	-

Financials

Annual Rent	£ 25,750
Estimated Annual FMOP (Licensee Profit)	£ 27,689
Representative HEINEKEN UK Brand Discount Per Barrel	£ 125
Estimated Annual Turnover	£ 386,833
Estimated Annual Barrelage	298
The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details). Historical volume figures may not include purchases made through 3rd Parties. All figures quoted are exclusive of VAT * FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value	£ 22,943
Estimated Fixtures & Fittings Valuation Fee	£ 250
Estimated Stock Valuation	£ 5,000
Deposit Amount	£ 6,438
Rent In Advance	£ 495
Training Fee	£ 1,000
Estimated Designated Premises Supervisor / Manager Fee	£ 50
Premises Licence Fee	£ 180
Rates Assessment Fee	£ 55
Estimated Legal Fees	£ 650
Estimated Total Ingoing Costs	£ 37,061

Estimated Minimum Ingoing Costs	£ 12,331
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more. The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance	£ 2,010
Estimated Annual Maintenance Compliance Charge	£ 0
Estimated Annual Accountancy & Stocktaking Charge (including tills)	£
The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details) * All figures quoted are exclusive of VAT Deposit build up will be payable over a maximum of 24 months * Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry ** Maintenance Compliance Charge relates to the fees for various statutory inspections * Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate **** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased

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Key Features

Large Scale investment planned
Popular community focused business with well-established following
Great opportunity to develop a traditional pub
Great location on the centre of Nestonâ€™s historic crossroads

Est Min Ingoing Costs

£12,331

Annual Rent

£25,750

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