Church House Sheffield

4 St James Street, Sheffield S1 2EW

Under Offer
  • Church House Sheffield
  • Church House Sheffield
  • Church House Sheffield
  • Church House Sheffield
  • Church House Sheffield
  • Church House Sheffield
  • Church House Sheffield
  • Church House Sheffield

Church House Sheffield

Iconic Listed Building

The Church House is an impressive Grade II listed building located at the heart of Sheffield city centre. Situated right next to the Cathedral, this superb site is only two minutes' walk from the Cathedral tram stop and five minutes from the main high street. This central location and the fact that it is surrounded by offices means that it has great potential to exploit both daytime and evening trade.

The Church House is in a prime position to attract a broad range of customers from early morning through to closing and the open plan operation includes a coffee area with sofas as well as a dining area. Artisan coffee and teas and a strong range of premium spirits, wines and beers including a number of cask ales, all help to distinguish the Church House. The site is currently doing a good trade as it is regularly hosting live music and bands.

Experienced Innovative Operator Wanted

The prospective lessee would ideally have experience of running a busy town centre site with an offer that appeals to a wide range of customers. Experience of running a food operation will be an advantage also.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the site has an easily served open plan layout, sub divided into more intimate areas. With stripped floors, exposed brickwork and original features such as the fireplace, this site is in great condition. Display boards dedicated to Sheffield's past and to cask ale provides added interest. The furniture is a mixture of fixed and loose, modern table and chairs.

There is a substantial and well equipped catering kitchen located on first floor that can easily accommodate food for the outlets 60/65 covers.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen, bathroom and an office. Should repair works be required, Star Pubs & Bars will ensure these in line with our 'Ready To Trade' promise.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30

Financials

Annual Rent £
20,000
Estimated Annual FMOP (Licensee Profit) £
20,504
Representative HEINEKEN UK Brand Discount Per Barrel £
190
Estimated Annual Turnover £
254,095
Estimated Annual Barrelage
138

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 £
3,365
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
5,000
Rent In Advance £
385
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
14,105
Estimated Minimum Ingoing Costs £
10,002

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 £
2,017
Estimated Annual Maintenance Compliance Charge £
1,224
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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