Kings Head Wells
36 High St, Wells, BA5 2AEAgreement Type: Just Add Talent
View details for Kings Head WellsRefurbishment Planned
Castlebrook Inn
Castlebrook, Somerton, TA11 6PR
Pub Code: 2300738101
Key Features
- Investment Planned
- Olde World Pub
- Unique Outside Area to Rear of Pub
- Homemade Pub Grub
Est Min Ingoing Costs: £37,183
Annual Rent: £34,731
More Information
Charismatic Country Pub
The Castlebrook Inn is a wonderful destination outlet that is to benefit from a refurbished throughout that will will regenerate this classic venue.
This pub and restaurant is situated on the main road between the villages of Somerton & Street. Popular with locals, walkers and the surrounding rural communities, this pub has the opportunity to increase its current customer base.
The Castlebrook Inn is a warm, family-friendly country pub which is full of character and offers wholesome, homemade food and good quality cask ales. Situated to the rear of the pub is a large outside recreational field complete with electric hookups and water.
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 Castlebrook will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu 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 pubs next chapter…
Trading Area & Facilities
The Castlebrook Inn 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
- Separate dining room
- Conservatory
- 104 internal covers
- 87 external covers
- Catering kitchen
- Long function room that can double up as skittle ally
- SmartDispense
- Enclosed large garden
- Car park
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 & Bars, 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
The private accommodation consists of two bedrooms, lounge, kitchen and bathroom.
| Annual Rent | £ 34,731 |
| Estimated Annual Turnover | £ 480,045 |
| Deposit | £ 8,683 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 37,183 |
| Estimated Minimum Ingoing Costs | £ 37,183 |
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:
Castlebrook, Somerton, TA11 6PR
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View details for Walnut Tree Weston Super MareTo 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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