Masons Arms Thorpe Hesley

Thorpe Street, Thorpe Hesley, Rotherham S61 2RP

Under Offer
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley
  • Masons Arms Thorpe Hesley

Masons Arms Thorpe Hesley

Fantastic village pub and restaurant
The subject of a proposed refurbishment, the Mason Arms is located in the village of Thorpe Hesley in the suburbs of Rotherham. The village is large and affluent with a population of 11,200. Located just east of the M1 motorway, it is well connected to nearby Sheffield to the South and Wakefield and Leeds to the North. It is also near to two popular local tourist attractions Elsecar Heritage Centre and Wentworth Castle and Gardens.

The outlet currently operates as a community pub, predominantly drinks led. However, with the refurbishment, there will be a change to the pub's offer to broaden its appeal, particularly through developing the food offer. With the planned investment of around £160k spend, the scheme has been designed to reposition the current pub offer and improve the overall retail offer of the pub. The internals of the pub will be enhanced along with extending the kitchen and improving the outside area to the front of building.

Ideally suit an operator with a good food trade background
Are you an experienced operator or couple? Can you make this into a fantastic community pub at the heart of the village? Any future business plan should place a strong focus on food, cask ale and premium drinks offer to attract custom to this destination outlet.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, this currently a one bar operation and in line with the refurbishment two different spaces will be created within one large trade area, offering consumers different experiences. The site will be able to cater for at least 70 covers.

Externally, the outlet benefits from a small outdoor seating area to the front of the pub, a small beer garden to the rear and a large car park for approx. 30 cars.

Private Accommodation

The accommodation above the pub consists of two rooms, lounge, kitchen, office and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please see licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30

Financials

Annual Rent £
49,250
Estimated Annual FMOP (Licensee Profit) £
52,960
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
550,087
Estimated Annual Barrelage
266

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
25,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
12,313
Rent In Advance £
947
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
50,445
Estimated Minimum Ingoing Costs £
20,393

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
739
Estimated Annual Maintenance Compliance Charge £
1,052
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased