Crown Inn Pershore
Peopleton, Pershore, WR10 2EEAgreement Type:
Foundation Tenancy
View details for Crown Inn Pershore
Gloster Arms Malvern Link
Gloster Arms Malvern Link
Merton Road, Malvern, WR14 1ND Pub Code: 2302506101
Pub Code: 2302506101
Rolling TenancyEst Min Ingoing Costs: £22,570
Annual Rent: £20,281
Full refurbishment of Malvern community pub
What would you do with this pub to make it even more of a success?
The Area:
Malvern is a spa town and civil parish in Worcestershire, England. It lies at the foot of the Malvern Hills (Area of Outstanding Natural Beauty). Great Malvern is a historic conservation area that grew in Victorian times due to the natural mineral water springs (Malvern Water).
There are 4,208 people within a 10-minute walk. The customer base is generally of medium affluence and looking for a great community pub. There are seven competitors, with the main one being Bakery Arms (a Marston tenancy).
The Offer:
The Glosters Arms is available on our investment tenancy agreement. Click here for more information on this agreement.
This should be the best pub in the area, with a scheme designed to maximise quality internal feel and broaden passing-by appeal. The focus will be the best design, the best sporting occasions and the best community hub, with activity and charity events supported by darts, live music, karaoke and chess.
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 Glosters Arms will have extensive experience in community pubs. They will have a clear vision for their community engagement, events and sport and can create a memorable experience for their customers.
f 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 Glosters Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
The pub’s trading area and facilities post refurbishment will be:
- Main trading areas (lounge & sports) with new bar and back bar
- 50 internal covers
- 20 external covers
- Darts area
- External drinking area with bi-folding doors
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 two bedrooms, bathroom, kitchen and lounge.
Estimated Total Ingoing Costs
£22,570
Estimated Minimum Ingoing Costs
£22,570
Annual Rent
£20,281
Estimated Annual Turnover
£326,904
Deposit
£5,070
Estimated Fixtures & Fittings Value
£10,000
Estimated Stock Valuation
£4,000
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:
Merton Road, Malvern, WR14 1ND
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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
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