Park Gate Inn Cannock Wood
Park Gate Road, Rugeley, WS15 4RNAgreement Type: Investment Tenancy
View details for Park Gate Inn Cannock WoodRefurbishment Planned
Hazelslade Public House Hazelslade
Rugeley Road, Cannock, WS12 0PQ
Pub Code: 2302574101
Key Features
- Refurbishment Planned
- Iyllic Location
- Large Trading Area
- Food Opportunity
- Outside Trading
- Private Accommodation
Est Min Ingoing Costs: £49,065
Annual Rent: £38,260
More Information
An excellent business opportunity in an enviable location
The Hazelslade sits on the edge of Cannock Chase, a designated place of outstanding natural beauty. Its enviable location will appeal to dog walkers and tourists looking for a quality food and drink offer. The jewel in the crown is that it is the only pub in the village of Hazelslade, with 2,000 villagers. Investing in the pub is a great opportunity to engage with the community and run a quality local.
The pubs refurbishment will elevate it to become a high-quality destination appealing to local residents and tourists alike. The pub will appeal to a broad mix of customers, including adults looking for somewhere to watch sport, older customers needing somewhere to meet for lunch, and visitors to the nearby Cannock Chase.
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 Hazelslade will have extensive experience in a successful destination food outlethospitality businesses. 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
The Hazelslade is a two-bar operation, the refurbished lounge area will feature an open fire as the focal point. As part of the refurbishment we will be moving the catering kitchen from behind the bar into the large storage area, providing a brand new kitchen to our specialist design template. Complete with new canopy and equipment allowing for a much wider food offering, based around top quality and value pub classics. The dedicated sports area with big screens, dart boards and a pool table will have new seating, timber paneling and tile wall feature.
The exterior will be repainted and have new signage and lighting to match the new interior. There is an outdoor drinking area will be refreshed and festoon lighting installed. There is good sized car park for at least 20 cars.
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
The private accommodation consists of 2 bedrooms, lounge, kitchen and bathroom.
| Annual Rent | £ 38,260 |
| Estimated Annual Turnover | £ 468,240 |
| Deposit | £ 9,565 |
| Estimated Fixtures & Fittings Value | £ 30,000 |
| Estimated Stock Valuation | £ 6,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 49,065 |
| Estimated Minimum Ingoing Costs | £ 49,065 |
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:
Rugeley Road, Cannock, WS12 0PQ
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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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