New Chequers Worcester

Astwood Road, Worcester WR3 8HD

  • New Chequers Worcester
  • New Chequers Worcester
  • New Chequers Worcester
  • New Chequers Worcester
  • New Chequers Worcester

New Chequers Worcester

Be the Beating Heart of the Local Community

Situated on the outskirts of Worcester City Centre, The New Chequers is a traditional community pub with live sports and a function room available. The pub is ideally positioned within a residential area in the Blackpole area suitable to walk to for the locals. This is a popular community pub located 1 mile from Worcester city Centre providing a really family orientated pub, where you will always have a warm welcome and fantastic selection of drinks. There is something for everyone at the New Chequers from relaxing in the lounge area, watching live sports or the function room for those private events and parties. There is a good selection of draught beers and spirits selections to be enjoyed as well as coffee and hot drinks being available all day with free wifi.

Community Operator Wanted

A real community focused operator is key for this site, with the management in place needing to be the face of the pub and engage with the locals and community. Some food experience would be beneficial too.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the pub is a fantastic size with 3 separate trading spaces, a bar, lounge area and function room. There is a beautiful open fire in the lounge and bar areas that will be opened up to their full use again. The kitchen is a good size to be able to operate a simple pub classics style menu which is what the pub requires, currently there are 40 covers in site with the aim with investment to nearly double this. The site has a great function room that will be invested in to truly capitialise on its multi-functional use.

The externals of the business are in reasonable condition, with a good size car park that has reapirs works planned as well as a plan to extend the garden space to create a true beer garden area that can be enjoyed by all. There are also 2 covered areas externally one outside the rear of the main pub and also outside the function room to provide cover for both areas.

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

Private accommodation consists of 3 bedrooms, lounge, kitchen, bathroom and office. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
TBC
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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