Hopwood Arms Middleton
753 Rochdale Road, Middleton, Manchester, M24 2RAAgreement Type:
Foundation Tenancy
View details for Hopwood Arms Middleton
Hamers Summerseat
Hamers Summerseat
23, Higher Summerseat, Summerseat, Bury, BL0 9UG Pub Code: 0060276101
Pub Code: 0060276101
Foundation TenancyEst Min Ingoing Costs: £11,153
Annual Rent: £19,831
Newly Refurbished Premium-Traditional Pub
The Hamers is a well known destination pub located in the heart of Summerseat, Bury. A full internal and external refurbishment in 2022 breathed new life into this much loved local. The area is supported by mixed demographics of families, professionals and mature couples, giving the operator the opportunity to create a loyal and lucrative customer base. Within a 20 minute drive time there are circa 123,000 adults.
The Hamers appeals to a wide range of customers from the immediate area, as well as attracting those from the surrounding towns and villages looking for a premium venue to dine and socialise in.
Hospitality Heroes Apply!
The Hamers is the only pub in the village to serve food. The incoming lessee will be able to capitalise and expand on this with the brand new kitchen. Having undergone a complete refurbishment and with a revitalised beer garden, the pub is indispensable to the area, with 62 covers supporting a premium offering in beautiful surroundings.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator will have extensive experience in a successful hospitality business. They will have a clear vision for their food & drinks menu 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
Internally, the pub has received a full refurbishment. There’s a new bar servery and bar area, with modern flooring and tasteful decorations. The lounge area gives diners and drinkers an attractive, cosy atmosphere, with all new fixtures and fittings installed. The kitchen was also refurbished, with new appliances and equipment that’s perfect for the 62 internal covers. Works were also undertaken to the dining area and toilets.
Externally, the garden area was improved to create a secret oasis where customers can enjoy drinks or dinner during the warmers months and relax in the beautiful surroundings. The exterior, lighting and signage was also transformed to increase site visibility and improve kerb appeal.
Private Accommodation
The private accommodation at the Hamers consists of three bedrooms, kitchen, lounge and bathroom.
Estimated Total Ingoing Costs
£59,459
Estimated Minimum Ingoing Costs
£11,153
Annual Rent
£19,831
Estimated Annual Turnover
£328,063
Deposit
£5,873
Estimated Fixtures & Fittings Value
£45,000
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:
23, Higher Summerseat, Summerseat, Bury, BL0 9UG
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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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