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Cask Inn Scarborough
Cambridge Terrace, Scarborough, YO11 2LQ
Pub Code: 0070544101
Key Features
- Multiple Income Stream Business
- Late Night Licence
- Catering Kitchen
- Function Room
- Outside Trading Area
Est Min Ingoing Costs: £10,066
Annual Rent: £23,693
More Information
Fantastic Traditional Pub in Scarborough
The Cask Inn is a traditional mainstream pub located in the popular seaside town of Scarborough and within a short 10-minute walk of the seafront. Scarborough sits on the North Sea Coast in North Yorkshire and is the largest holiday resort on the Yorkshire Coast. The pub sits in a residential area just outside the centre of the town, with a variety of guest houses and hotels surrounding it. As a result, the Cask Inn enjoys good core local support with additional trade in the summer months and from functions.
The Cask Inn currently provides a pub classic food offer, served alongside its predominant wet-trade, which includes a selection of cask ales. The pub shows live sports, hosts the Scarborough Hockey Club and utilises the function room for a variety of events, from private functions to live music, including popular Jazz nights. The current offer works well, but there is opportunity for the new operator to introduce some fresh ideas to drive additional trade.
Experienced Business Operator with a Passion for People Wanted
We are looking for an operator with experience in operating a multi-faceted business and able to engage with both the local community and a wider audience. Simple food knowledge is preferable, but you must have a strong marketing flair coupled with good business understanding.
The Cask Inn is a traditional mainstream pub located in the popular seaside town of Scarborough and within a short 10-minute walk of the seafront. Scarborough sits on the North Sea Coast in North Yorkshire and is the largest holiday resort on the Yorkshire Coast. The pub sits in a residential area just outside the centre of the town, with a variety of guest houses and hotels surrounding it. As a result, the Cask Inn enjoys good core local support with additional trade in the summer months and from functions.
The Cask Inn currently provides a pub classic food offer, served alongside its predominant wet-trade, which includes a selection of cask ales. The pub shows live sports, hosts the Scarborough Hockey Club and utilises the function room for a variety of events, from private functions to live music, including popular Jazz nights. The current offer works well, but there is opportunity for the new operator to introduce some fresh ideas to drive additional trade.
Experienced Business Operator with a Passion for People Wanted
We are looking for an operator with experience in operating a multi-faceted business and able to engage with both the local community and a wider audience. Simple food knowledge is preferable, but you must have a strong marketing flair coupled with good business understanding.
Trading Area & Facilities
Internally, the Cask Inn has a traditional pub interior with great features such as exposed ceiling beams, exposed brickwork and a fireplace giving the pub an appealing classic feel. The pub is split over 2 floors, with the public bar on the ground floor featuring a mixture of seating around the bar, a separate sunroom and a small separate room suitable for meetings or overflow from the main drinking area. The basement is a function room with its own bar and set-up for live entertainment.
The pub’s kitchen is fully operational and can cater for approximately 70 covers.
Externally, the pub sits on a prominent corner plot and the 4-storey red-brick building has real kerb appeal. There is beer garden to the front with picnic benches to make the most of the summer months.
The pub’s kitchen is fully operational and can cater for approximately 70 covers.
Externally, the pub sits on a prominent corner plot and the 4-storey red-brick building has real kerb appeal. There is beer garden to the front with picnic benches to make the most of the summer months.
Private Accommodation
There is no private accommodation. (The floors above the pub are not in a usable condition)
Premises Licence Details
Please refer to the Premises Licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 05:00 |
10:00 - 05:00 |
10:00 - 05:00 |
10:00 - 05:00 |
10:00 - 05:00 |
10:00 - 05:00 |
10:00 - 05:00 |
| Annual Rent | £ 23,693 |
| Estimated Tenants Annual Operating Profit | £ 27,681 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 385,813 |
| Estimated Annual Barrelage | 216 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 4,165 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 5,000 |
| Deposit Amount | £ 5,923 |
| Rent in Advance | £ 456 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 17,154 |
| Estimated Minimum Ingoing Costs | £ 10,066 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 2,033 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** 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
* 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
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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