New Inn Sheffield

Hemsworth Road, Sheffield S8 8LN

  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield
  • New Inn Sheffield

New Inn Sheffield

Large Family Friendly Pub

The New Inn is located within a suburb of Sheffield, surrounded by a variety of residential housing. With over 3,000 adults within a half a mile radius, we plan to invest in this pub to create a modern community hub that the whole family can enjoy.

The pub's catering kitchen will allow for an appealing mainstream food menu.Combine this menu with an exciting calendar of events to entice locals. The attractive beer garden to the front of the pub is an added bonus - this space has the potential to draw in trade due to its appealing nature, especially during the warmer summer months.

Experienced, Customer Focussed Operator Wanted

The key to The New Inn's success will be an ambitious and customer focused publican. Due to the residential location of the pub, winning favour with the locals through customer service is vital. In partnership with Star Pubs & Bars, you will grow your business into the hub of the local community.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside, the pub is open plan and serviced from one central bar. Partitions split the space into different sections, which would allow for semi private functions to be catered to. A variety of seating is available to customers, which includes booths. The interior design is homely and modern.

Externally, the pub is quite impressive due to its white picket fence, good sized beer garden and green slate roof. There is also a large car park on site.

Watch this space for more information on our planned refurbishment.

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 three bedrooms, living room, kitchen and bathroom. 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 Premises License for more details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 11:00 - 23:30

Financials

Annual Rent £
34,000
Estimated Annual FMOP (Licensee Profit) £
38,024
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
430,833
Estimated Annual Barrelage
271

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 £
35,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
8,500
Rent In Advance £
654
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
50,339
Estimated Minimum Ingoing Costs £
12,018

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 £
2,622
Estimated Annual Maintenance Compliance Charge £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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