Gun Inn Hyde
Gun Inn Hyde
2, Market Street, Hollingworth, Hyde, SK14 8LN Pub Code: 0020362101
Pub Code: 0020362101
Investment TenancyEst. Annual Turnover: £350,776
Annual Rent: £21,227
A refurbishment in the region of £160,000 is planned to transform the Gun Inn into a premium-feeling community pub with a broader appeal, while remaining sympathetic to the character of this beautiful building. What would you do with this pub to make it a success?
About the area
The Gun Inn is a large town centre pub in Hyde, positioned on an incredibly busy junction on the route from East Manchester towards Glossop and Sheffield. Around 1,620 adults live within walking distance of the pub, giving the business a strong local community to engage, while its prominent roadside position provides excellent visibility to passing traffic.
The existing customer base is predominantly drinks-focused, with a traditional, value-led offer. Following the refurbishment, the pub will be repositioned as a more premium but still accessible community venue, designed to appeal to a broader and more diverse customer base and re-engage local customers who may have lapsed from using the pub. With only one other pub and two social clubs identified in the local competitive set, there is a strong opportunity for the Gun Inn to rebuild its reputation as a key community venue in the area.
The offer
Gun Inn is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 refurbishment of the Gun Inn will cover both the interior and exterior of the pub. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- Snug area
- Separate games and sports zone
- 129 internal covers
- Catering kitchen
- Function room
- HEINEKEN SmartDispense
- Small patio with 12 external covers
- Car park with 22 spaces
- Private accommodation with three bedrooms, lounge and bathroom
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
The private accommodation at the Gun Inn consists of three bedrooms, kitchen, lounge and bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£9,268 - £35,956
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.
What we're planning & why
The Gun Inn will benefit from an estimated £160,601 investment covering both the interior and exterior of the pub. The scheme is designed to create a more premium community pub, improve its roadside presence, refresh the internal trading areas and strengthen the opportunities around sport, entertainment and functions.
Unlike standard terms for Investment Tenancies, we're offering the option to rent the Fixtures & Fittings for this pub. Ask us for more information!
What's happening?
Externally, the pub will receive complete decoration and new signage to create a more relevant and appealing roadside presence. This will make the investment immediately visible, improve the pub’s prominence at its busy junction and help attract passing customers.
Inside, decoration throughout will create a more premium experience for drinking, dining and community occasions. The refreshed surroundings are intended to give customers the feeling of trading up while still retaining the accessible, community-led character of the pub. The upgraded games and entertainment areas will support a premium sports viewing experience, alongside occasional quality entertainment, giving customers more reasons to use the pub across the week.
The self-contained function room will also be upgraded, creating an attractive, well-serviced space with the potential to provide an additional income stream through private functions and community occasions. The pub also has a commercial catering kitchen, giving the operator the opportunity to develop a food offer if this forms part of their vision. Any operator-led investment in the kitchen would sit outside this refurbishment.
The drinks offer will include cask ale, while the new operator will have scope to shape the wider offer around the local community. The combination of a premium community environment, quality sport, occasional entertainment and a strong function room means the operator can build a varied calendar of occasions rather than relying on a single reason to visit.
Why invest?
This investment is designed to help the Gun Inn rebuild its reputation in the local community, respond to changing demographics and make better use of its trading spaces. By improving kerb appeal, upgrading the customer environment and strengthening the function, sport and entertainment opportunities, the refurbishment is anticipated to broaden the customer base, increase visit frequency and support a projected 100% increase in turnover.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Park Inn, Accrington has recently undergone a similar transformation to what we are planning for Gun Inn.
Personal Recommendation
"This is a beautiful pub and the investment will remain sympathetic to the building while creating a more premium feeling business."
— Paul Alldis, Investment Manager
Location:
2, Market Street, Hollingworth, Hyde, SK14 8LN
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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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