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RegisterFountain Lichfield
Fountain Lichfield
169, Beacon Street, Lichfield, WS13 7BG Pub Code: 2301855101
Pub Code: 2301855101
Investment TenancyEst Min Ingoing Costs: £34,750
Annual Rent: £19,000
Major refurbishment to premium local in historic Lichfield
The Fountain offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. What would you do with this pub to make it even more of a success?
The Area
The pub is located in Lichfield.
Lichfield is known as a safe, historic, family-friendly city with good schools, strong transport links (M6 Toll and trains), vibrant community events and a blend of traditional pubs and modern amenities, making it popular for those seeking quality of life and space without isolation.
There are 4,669 people within a 10-minute walk and 13,450 people within a 20-minute walk of the pub.
Nearby landmarks include Lichfield Cathedral, Samuel Johnson Birthplace Museum and Erasmus Darwin House, with further attractions such as the Wall Roman Site, National Memorial Arboretum, Chasewater Country Park and Alton Towers. Lichfield also sits close to larger cities including Birmingham and Tamworth.
The Offer
The Fountain is available on our investment tenancy agreement.
Following a full refurbishment, The Fountain will reopen as a standout premium local in the heart of Lichfield. Redesigned trading spaces, stylish finishes and a flexible layout will create a welcoming setting for casual drinks and quality food occasions.
The offer will attract a broad mix of customers. Couples and social groups will visit for relaxed evenings and special occasions, while families will enjoy the welcoming environment, spacious layout and strong food offer. Local residents and regulars will return for a reliable community pub experience, from midweek drinks to live sport and events. Visitors exploring Lichfield’s city centre and nearby attractions will also be drawn in for food, drinks and relaxation.
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.
The right operator for The Fountain will have previous experience in community-led hospitality businesses. They will have a clear vision for their food and drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers.
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
The Fountain will be undergoing a refurbishment which will cover the full internal conversion of the pub, along with a full external refurbishment including colours, signage and lighting. A full list of works and pub floor plan can be found in the refurbishment details in the downloads.
The pub’s trading areas and facilities post refurbishment will be:
- Main trading area with bar
- Separate dining area
- 80 internal covers
- 50 external covers
- Small kitchen
- Facilities to host live music
- Large beer garden
- Car park with approx. 25 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom
Estimated Total Ingoing Costs
£34,750
Estimated Minimum Ingoing Costs
£34,750
Annual Rent
£19,000
Estimated Annual Turnover
£299,726
Deposit
£4,750
Estimated Fixtures & Fittings Value
£20,500
Estimated Stock Valuation
£6,000
Estimated Working Capital
£3,500
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:
169, Beacon Street, Lichfield, WS13 7BG
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To 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
