Highfield Beverley
Highfield Road, Beverley, HU17 7QNAgreement Type: Just Add Talent
View details for Highfield BeverleyRefurbishment Planned
Light Dragoon Inn Etton
Etton, Beverley, HU17 7PQ
Pub Code: 0060315101
Key Features
- Investment Tenancy
- Refurbishment Planned
- Destination Country Pub
- Beautiful Beer Gardens
- Car Park
- Private Accomodation
Est Min Ingoing Costs: £61,455
Annual Rent: £39,819
More Information
Extensive refurbishment
With an extensive refurbishment planned, The Light Dragoon will offer a superb destination food house, combining country inn charm. Internally, The Light Dragoon will maintain the essence of a country inn with its characterful oak beams and feature fireplaces. New bi-fold doors will allow better access to the improved external area.
Externally, the pub will receive new signage & lighting, enhancing the kerb appeal and appealing to the passing trade. The garden will also receive new furniture.
Stunning location
With its stunning central location in the attractive village of Etton, just a 20-minute drive from Beverley, the updated and refurbished The Light Dragoon will ooze curb appeal to the many affluent local residents and passing tourists, cyclists, and dog walkers visiting the popular East Riding of Yorkshire. Both family and dog-friendly, The Light Dragoon will become the destination food house with year-round appeal for those seeking good quality, locally sourced fare.
Taps full of potential
This outstanding pub in a highly sought-after location is capable of becoming the go-to pub in the area. Given the uplift in outdoor seating, taking the overall covers to 233, The Light Dragoon will have enhanced all-year-round appeal. The Light Dragoon offers a great opportunity for a proven food operator with chef experience looking to make this the area’s go-to eatery of choice..
Target Customers
When refurbished, the Light Dragoon will appeal to a very broad spectrum of customers, including:
- Adults who live within a 20-minute drive time radius, who favour mid/upmarket dining.
- Local families looking to enjoy excellent food and drink in relaxed, child-friendly surroundings.
- Couples and local diners looking for quality food and drink for special occasion celebrations.
- Tourists looking for a superb pub lunch and drinks to match.
- Local residents looking to enjoy a drink in a cosy pub in the winter or alfresco in the summer
Offer
When refurbished, the Light Dragoon will offer:
- A superb range of well-kept lagers, beers and ciders; with an equally on trend gin, wine and softs range served by a great bar team.
- An innovative crowd-pleasing food menu that prides itself on locally sourced ingredients delivered by a passionate chef and kitchen team.
- A great coffee offer anytime of the day to early evening.
- A good social events calendar in keeping with a good food house – such as family dining or wine with a steak promotions on quieter midweek evenings or an acoustic Sunday act.
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 Light Dragoon will have extensive experience in a similar hospitality business. 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 Light Dragoon will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
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 is based over two stories and consists of multiple bedrooms, kitchen, bathroom, and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
| Annual Rent | £ 39,819 |
| Estimated Annual Turnover | £ 575,230 |
| Deposit | £ 9,955 |
| Estimated Fixtures & Fittings Value | £ 38,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 61,455 |
| Estimated Minimum Ingoing Costs | £ 61,455 |
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:
Etton, Beverley, HU17 7PQ
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View details for Black HorseTo 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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