Lock Vaults Hoole
Lock Vaults Hoole
29, Hoole Lane, Chester, CH2 3DU Pub Code: 2302352101
Pub Code: 2302352101
Foundation TenancyEst. Annual Turnover: £335,557
Annual Rent: £18,765
1st Year Rent Offer: £14,074
Beautiful premium local in affluent suburb - now with 25% off of year 1 rent to help with your first year of trading.
This well-established pub, situated in a popular residential area, underwent a complete refurbishment less than 12 months ago.
It presents an excellent opportunity to elevate the business with a strong food offering while continuing to serve as the heart of the community
The area:
Prominently positioned on the edge of Hoole alongside the Chester Canal, and just outside the City Centre, the Lock Vaults is surrounded by opportunity. This is an established residential area, with two primary schools, local retail and commercial activity within the immediate vicinity of the pub and 30,000 people living within a 1 mile radius, so it is positioned right at the heart of the local community.
The Demographics:
The pub is located in an affluent area with a population of approximately 5,500 adults. It attracts a diverse clientele, ranging from young adults aged 18-24 to more mature patrons and retirees.
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 & drinks offer. A selection of pub games, such as pool, and darts.
The site currently has the ability to drive trade via live sports, live entertainment and is very much at the centre of the community in Hoole.
Attitude is as 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…
* 25% rent reduction will be applied to first 12 months following completion of a fully signed lease agreement (5 years England & Wales, 3 years Scotland) on selected properties only. No cash alternative is payable.
Trading Area & Facilities
- Open plan trading area
- 40 internal covers
- Catering Kitchen
- Lounge area
- Sports area
Private Accommodation
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**:
£9,064 - £57,191
**Deposit build up from 1 month rent
**Rented fixtures & fittings deal available
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:
29, Hoole Lane, Chester, CH2 3DU
Selected pub
Other pubs
Nearby events
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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