Cross Keys Swanwick
Derby Road, Alfreton, DE55 1BGAgreement Type:
Investment Tenancy
View details for Cross Keys Swanwick
Bulls Head Denby
Bulls Head Denby
17, Denby Common, Ripley, DE5 8PW Pub Code: 2302442101
Pub Code: 2302442101
Investment TenancyEst Min Ingoing Costs: £77,942
Annual Rent: £45,768
Major refurbishment to premium countryside pub.
What would you do with this pub to make it even more of a success?
The area
The pub benefits from being one of five pubs found in an area of around 1,534 adults. The customer base is made up of mainly mature adults.
The Bulls Head is located in Denby, a rural location close to multiple population centres. It sits in a very rural setting, surrounded by fields and open land close to Denby Pottery and Visitor Centre. There are 226,277 adults within a 20-minute drive time, making this a true drive-to destination site.
The offer
The Bulls Head is available on our investment tenancy agreement. Click here for more information on our agreements.
This is a drive-to food destination in a market where competition is limited. Once refurbished, it will be the best food offer in the area, with a full range of premium beer, cider, spirits, wine and cocktails, complemented by home-cooked food prepared on site.
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 Bulls Head will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy 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 Bulls Head will be undergoing a refurbishment which will cover the full internal and external areas of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading areas and facilities post-refurbishment will be:
- Main trading area with bar.
- Separate dining room.
- 124 internal covers.
- 80 external covers.
- Catering kitchen.
- SmartDispense.
- Beer garden.
- Car park with 49 spaces.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation at the pub consists of two bedrooms, bathroom, kitchen and living room.
Estimated Total Ingoing Costs
£77,942
Estimated Minimum Ingoing Costs
£77,942
Annual Rent
£45,768
Estimated Annual Turnover
£745,849
Deposit
£11,442
Estimated Fixtures & Fittings Value
£53,000
Estimated Stock Valuation
£10,000
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:
17, Denby Common, Ripley, DE5 8PW
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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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