Horse & Jockey Penkridge

Market Street, Stafford, Stafford ST19 5DH

  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge Refurbishment Concept
  • Horse & Jockey Penkridge Refurbishment Concept
  • Horse & Jockey Penkridge Refurbishment Concept
  • Horse & Jockey Penkridge Refurbishment Concept
  • Horse & Jockey Penkridge Refurbishment Concept
  • Horse & Jockey Penkridge Refurbishment Concept
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge
  • Horse & Jockey Penkridge

Horse & Jockey Penkridge

Traditional White Washed Coaching Inn

An exciting refurbishment will transform the the Horse & Jockey into a fantastic local. The pub boasts a brilliant location on the high street of a market town area in Penkridge. The site benefits from attracting locals as well as great footfall as it is easily accessible from the surrounding areas. There are approximately 5,000 adults within half a mile of the pub which means the Horse & jockey is in a prime location.

The Horse & Jockey currently operates as a wet-led pub, however, one of the main focuses of the refurbishment will involve a kitchen extension to facilitate a brand new food offering. As well as revamping the kitchen, the trading areas will receive a complete overhaul which will include specific areas for eating and drinking, giving customers an all new dining experience.

Passionate, Community Orientated with Some Previous Experience

Are you looking for an opportunity to stamp your mark and step this business up a gear. If you're energetic and community-orientated and can demonstrate the desire to make a real difference at this site, this could be the perfect opportunity for you. Ideally, you will have experience of delivering a excellent food and drinks offer.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Smoking Area
  • Pub Games
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Post refurbishment, the Horse & Jockey will be an attractive pub with a modern look and feel. Inside the pub, there will be a complete reconfiguration, which will see the single room operation be updated to have a modern and quirky aesthetic that includes brick cladded walls, neon wording above the bar and directional warm lighting that highlights certain areas creating atmosphere.

The external areas will continue the same theme. The garden area will be redecorated to create a trendy area that customers can enjoy in the warmer months. There will be multiple new seating areas that will include decked seating pods with scaffold plank furniture, oak drink shelves either side of the gates with fixed high stools and a glazed Pergotenda that will connect the indoor and outdoor areas.

Private Accommodation

Private accomodation comes with this pub. Deatails to follow.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 02:30 10:00 - 02:30 12:00 - 00:30

Financials

Annual Rent £
51,250
Estimated Annual FMOP (Licensee Profit) £
52,821
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
516,007
Estimated Annual Barrelage
256

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 £
32,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
8,000
Deposit Amount £
12,813
Rent In Advance £
986
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
55,984
Estimated Minimum Ingoing Costs £
18,727

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
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