Cocked Hat Scunthorpe

Ferry Road, Scunthorpe, Scunthorpe DN15 8LQ

  • Cocked Hat Scunthorpe
  • Cocked Hat Scunthorpe
  • Cocked Hat Scunthorpe
  • Cocked Hat Scunthorpe
  • Cocked Hat Scunthorpe
  • Cocked Hat Scunthorpe
  • Cocked Hat Scunthorpe

Cocked Hat Scunthorpe

Town Centre Events Venue

Situated only a five minute drive from Scunthorpe town centre, this large pub and events venue is surrounded by plenty of residential housing. Due to it's proximity to Sheffield Park and the Foxhills Sports Grounds, there is plenty of opportunity for passing trade. With a high volume of adults living within a 0.5 mile radius of the pub, there is real potential to grow trade through an appealing mainstream food offer and a calendar of fun social events.

But what truly makes The Cocked Hat an interesting business opportunity is the large private function suite on the first floor of the pub. This spacious suite can seat around 120 covers plus has ample room for dancing and a live band. Perfect for wedding receptions, Christmas parties and milestone birthday celebrations, the function has the ability to appeal to outside of the local area with the right marketing strategy.

Experienced Events Operator Wanted

For The Cocked Hat, we are keen to partner with an experienced operator who is looking for their next challenge. You will have experience in both food service and running large events, combined with an ability to market the pub on social media. In partnership with Star Pubs & Bars, you will grow your business using your creative mind-set and passion for creating a great customer experience.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Music Venue
  • Car Parking
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside, the lounge area of the pub has a traditional feel to it - stripped back floorboards and wood panelled walls are key features. The lounge is spacious and has room for pub games such as pool. The separate function space is large and can cater to circa 120 guests seated. This room has its own large wood panelled bar and ample space for both a dance floor and live acts.

At present, the pub is split into two sections and can be accessed via two separate entrances. There is a spacious outdoor patio located to the front of the pub and one to the rear. The addition of floral baskets and fairy lights to these spaces would increase their appeal to passers-by. Private car parking is also on site.

Private Accommodation

Private accommodation at the pub consists of two bedrooms, kitchen, living room and bathroom. In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 01:00 11:00 - 01:00 11:00 - 01:00 11:00 - 22:30

Financials

Annual Rent £
23,000
Estimated Annual FMOP (Licensee Profit) £
32,986
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
225,633
Estimated Annual Barrelage
130

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 £
5,215
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,500
Deposit Amount £
5,750
Rent In Advance £
442
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,092
Estimated Minimum Ingoing Costs £
9,602

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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