Chichester Arms Chester
66 Garden Lane, Chester, CH1 4EYAgreement Type: Investment Tenancy
View details for Chichester Arms Chester
Faulkner Arms Hoole
48, Faulkner St, Chester Rd, Hoole, Chester, CH2 3BE
Pub Code: 0091270101
Key Features
- City Centre Location
- Town Centre Pub
- Outside courtyard
- Large Food Operation
- Established Business
- Private Accommodation
Est Min Ingoing Costs: £48,556
Annual Rent: £48,233
More Information
Beautiful Pub in “Notting Hoole” of Chester
What would you do with this pub to make it even more of a success?
The area
Sitting on a large corner plot in the main shopping street in Hoole the Faulkner is surrounded by independent retailers. Close to the City of Chester with its many places of historic interest, the pub is popular with shoppers. It attracts local trade and destination trade from Chester and the surrounding suburbs. It forms part of the night-time circuit trading alongside the many other bars and restaurants in Hoole.
It recently benefited from an external upgrade and redecoration. The restaurant area is open plan with a central bar servery and leads to a small part-covered courtyard for outside trading.
The current offer is high-quality food, coffee and drinks menus with an estimated 50/50 split between drink and food sales. They offer seasonal food promotions and regular entertainment to drive footfall.
The pub is in an area of around 6,000 adults within a 10 minutes’ walk with a good customer base ranging from younger to mature customerS.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought through food & drinks offer. What food would you look to implement in the pub?
The current offer is high-quality food, coffee and drinks menus with an estimated 50/50 split between drink and food sales.
The site currently has the ability to drive trade by continuing to build on the excellent reputation for food and developing the drinks offer to appeal a broader customer base across more occasions.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
We are looking for an experienced licensee with a passion for food. Someone who can manage the high volume of food on demand and lead a strong kitchen and front of house team.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 70 internal covers
- 15 external covers
- Large catering kitchen
- Smart Dispense
- courtyard garden
Private Accommodation
The private accommodation consists of one bedroom, lounge, kitchen and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
| Annual Rent | £ 48,233 |
| Estimated Annual Turnover | £ 658,974 |
| Deposit | £ 12,056 |
| Estimated Fixtures & Fittings Value | £ 23,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 48,556 |
| Estimated Minimum Ingoing Costs | £ 48,556 |
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.
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:
48, Faulkner St, Chester Rd, Hoole, Chester, CH2 3BE
More properties in this region
Handbridge Chester
66 Handbridge, Chester, CH4 7JFAgreement Type: Foundation Tenancy
View details for Handbridge Chester
Oak Kelsal
Chester Road, Tarporley, CW6 0RRAgreement Type: Foundation Tenancy
View details for Oak KelsalTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download