Leitrum Well Guildford
Leitrum Well Guildford
3, Portsmouth Road, Guildford, GU2 4BL Pub Code: 2302010101
Pub Code: 2302010101
Investment TenancyEst. Annual Turnover: £255,761
Annual Rent: £16,995
Star Pubs is planning an investment of around £160,000 to transform the Leitrum Well into a characterful Irish-style pub with premium drinks, live music and a lively sports offer. What would you do with this pub to make it a success?
About the area
Leitrum Well, previously known as the Cannon, is in Guildford’s busy town-centre hospitality circuit. Around 5,018 adults live within a 10-minute walk and 18,931 within 20 minutes, with shoppers, workers, students and visitors providing further passing trade. The briefing identifies 28 competing venues within the wider local scene. The pub currently trades predominantly on a value-led, drinks-focused basis; the investment will establish a more distinctive Irish-style identity that appeals to younger adults and after-work customers while offering memorable live music and sports occasions.
The offer
Leitrum Well is available on our investment tenancy agreement. Click here for more information on this agreement. Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 dining room
- 44 internal covers
- 36 external covers
- Catering kitchen
- Function room
- SmartDispense
- Seated beer garden
Private Accommodation
Private accommodation consists of two bedrooms, lounge, kitchen/dining/living room area and bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£10,916 - £20,748
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.
What we're planning & why
Refurbishment details
An investment of approximately £160,000 will refurbish both the interior and exterior of Leitrum Well. The transformation will give the pub a clear Irish-style identity, strengthening its appeal within Guildford’s active hospitality scene.
What's happening?
A full external refurbishment and new signage will refresh the frontage, improve visibility and clearly communicate the pub’s renewed identity. Internally, a full décor refurbishment and a new gaming and entertainment zone will create an atmospheric, characterful setting for a premium drinks-led offer. Premium beer and cider will be central to the range, supported by sports screenings, DJs and live bands. This strong entertainment programme is essential to differentiating the pub and giving guests compelling reasons to return. The operator will have the opportunity to shape the calendar, build a recognisable atmosphere and reach Guildford’s social audience.
Why invest?
Distinctive Irish-style positioning, stronger kerb appeal and regular music and sporting occasions should help the pub capture more of Guildford’s daytime and evening footfall, encourage repeat visits and increase drinks sales. The briefing includes a conservative forecast of £7,300 in weekly turnover, rather than a guaranteed trading level.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Location:
3, Portsmouth Road, Guildford, GU2 4BL
Selected pub
Other pubs
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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