Five Alls Cheltenham

232 Bath Road, Cheltenham GL53 7ND

  • Five Alls Cheltenham
  • Five Alls Cheltenham
  • Five Alls Cheltenham
  • Five Alls Cheltenham
  • Five Alls Cheltenham
  • Five Alls Cheltenham

Five Alls Cheltenham

Top Tourist Location

Earmarked for a major investment from Star Pubs & Bars, the Five Alls is ideally located on a main road into Cheltenham town centre, ensuring excellent visibility to the thousands of visitors to the town each year. Cheltenham itself hosts several festivals such as the Cheltenham Literature Festival, the Cheltenham Jazz Festival, the Cheltenham Science Festival, the Cheltenham Music Festival and the Cheltenham Food & Drink Festival, not to mention to world renowned Gold Cup.

The planned investment aims to broaden the pubs appeal and reflect busy bustling activity outside its doors. By day, it should be a sanctuary for locals and tourists alike, be it breakfast, coffee, a quick bite at lunchtime or chilled glass of wine. By night it should change into a town centre bar, as visitors stop by and local residents enjoy a night on the town. Works will include a full redecoration of the pubs interior and exterior to transform this high street venue, helping it to become the first choice pub for local residents and an enjoyable place to drink, eat and socialise.

Passionate, Town Centre Operator Wanted

This would be an ideal opportunity for a high-energy operator, who specialises in dynamic venues that offers a changing menu and atmosphere throughout the day.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Due to undergo a full redecoration internally, the Five Alls offers a comfortable lounge area with a traditional open fire, leading to a rear court yard garden. Planned works will transform this high street venue, helping it to become the first choice pub for local residents and an enjoyable place to drink, eat and socialise.

Externally, the pub will receive a full revamp to greatly improve kerb appeal with a new lighting & signage scheme.

Private Accommodation

The private accommodation consists of bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please see Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 01:30

Financials

Annual Rent £
55,500
Estimated Annual FMOP (Licensee Profit) £
55,409
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
637,027
Estimated Annual Barrelage
264

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 £
35,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
13,875
Rent In Advance £
1,067
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
70
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
60,017
Estimated Minimum Ingoing Costs £
19,325

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) £
Wet & Dry - from 6,108pa

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