Corner Pin Chellaston

Swarkestone Road, Derby, Derby DE73 5UA

  • Corner Pin Chellaston
  • Corner Pin Chellaston
  • Corner Pin Chellaston
  • Corner Pin Chellaston
  • Corner Pin Chellaston
  • Corner Pin Chellaston
  • Corner Pin Chellaston
  • Corner Pin Chellaston

Corner Pin Chellaston

Pub with Great Potential

The Corner Pin in Derby is located in a densely populated village on a busy commercial street which is surrounded by multiple shops and a community centre. Within walking distance there are almost 50,000 adults. The majority of the local seek a mainstream pub with a good quality and good value food menu.

With kitchen facilities on site, The Corner Pin has huge potential to become a fantastic pub with an excellent food and drink offer. With a strong focus on food from an experienced Operator, the site can become the go-to place for residents nearby for lunch time meals, special occasions and social gatherings. The pub will see a change of name from The Corner Pin to The Three Shillings to give a new feel to the business.

Pub Guru Wanted

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade

Trading Area & Facilities

The site will benefit from a complete refurbishment which intends to refresh the dated interior and create a revamped business for the new operator. The the lounge area will see an overhaul of it's appearance with new flooring, lighting, furniture, suitably themed bric-a-brac and new fixed and booth seating. There will also be major improvements to he kitchen, toilets, bar servery and managers accommodation.

The external areas are to receive extensive works to utilise the grass area to the rear of the pub. A new patio area with pergola and brick built fireplace will be introduced as well as fixed bench seating around the fire pit along with new loose furniture and benches in the garden area. New lighting and planting will also be added.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

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 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00

Financials

Annual Rent £
38,000
Estimated Annual FMOP (Licensee Profit) £
40,648
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
526,341
Estimated Annual Barrelage
250

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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
9,500
Rent In Advance £
731
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 £
50,416
Estimated Minimum Ingoing Costs £
16,519

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 £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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