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Chichester Arms Chester

66, Garden Lane, Chester, CH1 4EY

Pub Code: 0091145101

Key Features

  • Refurbishment Planned
  • Located in the Heart of the Community
  • Great Beer Garden
  • Easily Managed One Bar Room Operation
  • Large Private accommodation

Est Min Ingoing Costs: £11,006

Annual Rent: £16,024

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More Information

Refurbishment Planned

New Deal available - With lower ingoing costs and high discount on draught beers this is a great opportunity for the right operator to take this wet-led business to the next level.

Popular community wet-led pub in the heart of Chester’s Garden Quarter

What would you do with this pub to make it a success?

The area

The Chichester Arms is located in the town of Chester close to the University of Chester.  The pub is surrounded by residential housing.

The offer

The Chichester is available on our investment tenancy agreement. Click here for more information on this agreement.The site has the ability to drive trade via  live entertainment, live sports and a selection of pub team related activities. It offers a selection of popular beers, ciders, wines and spirits.

We’re always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.

  • Understanding of the local community
  • You know what it takes to build a successful business
  • You love hospitality and are great with 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…

Important note on financials – we are seeking 6 months’ rent deposit on this pub rather than our usual 3 months. Also, unlike our standard terms for Investment Tenancies, we are offering reduced ingoings on this pub. You can rent the F&F and pay three month’s rent as a deposit with a deposit build up to be agreed as part of the negotiations.

 

  • New Deal

  • Investment Tenancy

  • Catering Kitchen

  • Live Sports

  • Outdoor Trade

  • Pub Games

  • Private Accommodation

Trading Area & Facilities

  • Main trading area with bar
  • 40 internal covers
  • 40 external covers
  • Smart Dispense
  • Enclosed rear beer garden
  • Wet-led games area

Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom and office. 

Annual Rent £
16,024
Estimated Annual Turnover £
241,242
Deposit £
8,012
Estimated Fixtures & Fittings Value £
12,350
Estimated Stock Valuation £
3,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
27,362
Estimated Minimum Ingoing Costs £
11,006
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.

Location:

66, Garden Lane, Chester, CH1 4EY

Google map location image of Chichester Arms Chester