Highwayman Inn Skegness

Queens Road, Skegness, Skegness PE25 2JF

  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness
  • Highwayman Inn Skegness

Highwayman Inn Skegness

Traditional Community Pub

The Highwayman Inn is located in the popular town of Skegness. Surrounded by a variety of different residential housing, the pub is based in the middle of densely populated housing estate. The pub is located on a busy suburban street, and is instantly distinguishable to locals.

Visitor numbers to Skegness are increasing. And with new investments coming into the area such as a new retail park, a Travelodge and an observatory this is an ideal time to invest in a business in Skegness.

The pub currently benefits from a strong combined offering of food and drink. The planned refurbishment will see an improvement in all areas of the site, therefore you will have a brilliant opportunity to maximise profit through a excellent food and drink offer.

Pub Guru Wanted

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a local pub? If so, we want to be your partner. We need someone that can embrace the community, offer excellent service and demonstrate their passion for the pub industry. The ability to drive trade through a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Childrens Play Area

Trading Area & Facilities

The refurbishment for the Highwayman will see a significant overhaul of the internal and external trading areas. In our proposals, we are looking to revamp the kitchen facilities, bar area, lounges, cellar, toilets and the outside area.

Full details on the proposals will be released soon.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 11:00 - 23:30

Financials

Annual Rent £
35,000
Estimated Annual FMOP (Licensee Profit) £
38,944
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
406,810
Estimated Annual Barrelage
228

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
28,568
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
8,750
Rent In Advance £
673
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
TBC
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
73,521
Estimated Minimum Ingoing Costs £
73,521

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
Estimated Annual Maintenance Compliance Charge £
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased