Highlander Birmingham
Merritts Hill, Birmingham, B31 1TNAgreement Type:
Foundation Tenancy
View details for Highlander Birmingham
Lion Shirley
Lion Shirley
171, Stratford Road, Solihull, B90 3AX Pub Code: 2301917101
Pub Code: 2301917101
Foundation TenancyEst Min Ingoing Costs: £10,000
Annual Rent: £18,000
Well-Established high-street Site. What would you do with this pub to make it even more of a success?
The area
The Lion is located in the heart of Shirley. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 7 pubs found in an area of around 5465 adults. The main customer base is made up of employed adults of age 45-64.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement
The potential of this pub lies in maintaining a well thought through food and drinks offer. What food & drinks would you look to implement in the pub?
The site currently offers a selection of food, popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
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
• Will bring strong transferable skills and the ability to attract passing trade while developing a loyal local customer base through a well structured and engaging rhythm of the week.
• Confident in delivering a snack food offer,
• Possess a strong sales growth mindset and have proven experience in driving footfall and maximising social media platforms to boost visibility and performance.
Trading Area & Facilities
• Sports bar with separate lounge
• 30 internal covers
• Full Catering kitchen
• SmartDispense
• Paid parking available
• 30 internal covers
• Full Catering kitchen
• SmartDispense
• Paid parking available
Private Accommodation
Private accommodation consists of 3 bedrooms, bathroom, a living room, and kitchen.
Estimated Total Ingoing Costs
£33,000
Estimated Minimum Ingoing Costs
£10,000
Annual Rent
£18,000
Estimated Annual Turnover
£340,000
Deposit
£4,500
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£5,000
Estimated Working Capital
£3,500
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:
171, Stratford Road, Solihull, B90 3AX
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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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