Miners Arms Woodhouse
115 Carr Lane, Dronfield, S18 8XFAgreement Type: Investment Tenancy
View details for Miners Arms WoodhouseRefurbishment Planned
Golden Fleece Chesterfield
9, High Street, Chesterfield, S40 1PS
Pub Code: 0020312101
Key Features
- Great Location
- Refurbishment Planned
- Function Room
- Private Accommodation
Est Min Ingoing Costs: £51,141
Annual Rent: £39,163
More Information
Refurbishment Planned!
The Golden Fleece sits within Chesterfield town centre, only five minutes from the local shopping centre. Due to its location, the pub has the potential to attract a variety of customers from families to groups of celebrating friends. The pub currently focuses on day trade - coffees and value pub lunches are popular with customers.
Stand out interior - The pubs quirky internal layout means it is a pub people will remember, and is one of the best opportunities out there for a new operator. Daytime customers will be locals and visitors to the market and the town centre. This may be older consumers wanting smaller sized portions or a lighter option. The Golden Fleece will also attract post work groups and mixed groups in the evenings and at weekends. A new hotel nearby may also help boost midweek trade with professionals away for work, wanting a bite to eat away from the hotel, maybe a few pints and to enjoy live sport.
During the evening, the pub is known for its private functions, and there is also a small outdoor trade area on site.
Local Operator Wanted
For The Golden Fleece, we are keen to partner with an operator who understands the importance of quality customer service and food. Prior experience marketing and running private functions would be beneficial.
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 & Bars, 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).
Trading Area & Facilities
The Golden Fleece is a large pub which is split over three levels, all of which are serviced by one central bar.
There is also a catering kitchen on site.
Externally, the pub is quite impressive due to its Tudor style architecture. A red bricked archway leads to a second entrance, along the path of this entrance is space for outdoor seating.
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 & Bars, 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 three bedrooms, living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
| Annual Rent | £ 39,163 |
| Estimated Annual Turnover | £ 574,335 |
| Deposit | £ 9,791 |
| Estimated Fixtures & Fittings Value | £ 37,600 |
| Estimated Stock Valuation | £ 250 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 51,141 |
| Estimated Minimum Ingoing Costs | £ 51,141 |
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:
9, High Street, Chesterfield, S40 1PS
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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