Eagle Tavern Heage Belper

94 Ripley Road, Belper DE56 2HU

  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper
  • Eagle Tavern Heage Belper

Eagle Tavern Heage Belper

Charming Community Focused Pub

The Eagle Tavern is based in Heage, an area in Belper. The pub is situated on Ripley Road, a busy main road that cuts through a densely populated suburb that consists of a mix of residential housing and retail stores. There are over 40,000 adults within the local area.

The current offer at the Eagle Tavern is mostly drinks based, however, there is an opportunity to implement a food offer to increase trade. Live Sports and live music are also current attractions for customers that increase trade.

Community Pub Operator Required

Do you have experience with running a value driven and community-centric local pub? If so, Star Pubs and would love to work with you. We are seeking an innovative community operator who can become the heart of the community, demonstrate great business acumen, has a passion for pubs and can create a value drinks offer. The ability to drive trade through sports and engaging the community is essential.

Pub Features

  • Rolling Tenancy
  • Business Start-Up Agreement
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

There are two main trading areas within the pub, the first lounge has access to the bar that is in the centre of the site. The second also has access to the bar. There is a mix of ceramic tile flooring and hardwood flooring throughout these spaces.

Externally, there is a large car park which could easily be utilised as space for hosting events. In addition to this you will find a cordoned off seating area with fixed bench seating.

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

For full licensing details, please see the premises license.

Premises Licence Opening Hours

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

Financials

Annual Rent £
10,500
Estimated Annual FMOP (Licensee Profit) £
16,745
Representative HEINEKEN UK Brand Discount Per Barrel £
140
Estimated Annual Turnover £
179,956
Estimated Annual Barrelage
113

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 £
8,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
202
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 £
16,387
Estimated Minimum Ingoing Costs £
9,060

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 £
0
Estimated Annual Maintenance Compliance Charge £
0
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