Cross Keys Swanwick
Derby Road, Alfreton, DE55 1BGAgreement Type: Investment Tenancy
View details for Cross Keys Swanwick
King Alfred Alfreton
58, High Street, Alfreton, DE55 7BE
Pub Code: 0020346101
Key Features
- Popular High Street Pub
- Catering Kitchen
- Live Sport
- Weekend Entertainment
- Private Accommodation
Est Min Ingoing Costs: £17,047
Annual Rent: £18,569
More Information
Popular High Street Pub ready for the right operator to build on its potential!
What would you do with this pub to make it even more of a success?
The area
The King Alfred is located in the high street of Alfreton. It is an imposing building. Constructed in the 1930's, the pub is the focal point of the busy, bustling ex-mining town a few miles from junction 28 of the M1. The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
The pub benefits from being one of 8 pubs found in an area of around 4,200 adults. The pub is a key part of the local community with its inclusive offer, attracting shoppers, families and evening drinkers.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a competitive 90/10, wet/dry food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of cask ales, popular beers, ciders, wines and spirits, and coffees.
We’re always open to new ideas, what would you do to drive trade?
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 pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports offer 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
- Main trading area with bar
- Separate snug with pool table
- 80 internal covers
- 30 external covers
- Small catering kitchen on 1st floor
- Function room
- Smart Dispense
- Small outdoor trading area adjacent to car park
- Car park with 6 spaces
Private Accommodation
Large private accommodation spread over two floors, consists of 3 bedrooms, a living room, kitchen, bathroom and office.
| Annual Rent | £ 18,569 |
| Estimated Annual Turnover | £ 362,644 |
| Deposit | £ 4,642 |
| Estimated Fixtures & Fittings Value | £ 24,000 |
| Estimated Stock Valuation | £ 12,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 44,142 |
| Estimated Minimum Ingoing Costs | £ 17,047 |
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:
58, High Street, Alfreton, DE55 7BE
More properties in this region
Shepherds Rest Nottingham
Lower Bagthorpe, Nottingham, NG16 5HFAgreement Type: Foundation Tenancy
View details for Shepherds Rest Nottingham
Dog & Quayle Underwood
Mansfield Rd, Underwood, NG16 5FFAgreement Type: Foundation Tenancy
View details for Dog & Quayle UnderwoodTo 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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download