Royal Oak Gnosall
Newport Road, Stafford, ST20 0BLAgreement Type: Long-Term FRI Lease
View details for Royal Oak GnosallRefurbishment Planned
No. 12 Shifnal
Church Street, Shifnal, TF11 9AA
Pub Code: 2302592101
Key Features
- Refurbishment Planned
- Proposed Premium Food Offer
- 5 letting rooms
- Rear patio area
Est Min Ingoing Costs: £38,950
Annual Rent: £33,800
More Information
The Bell is located in a market town in Shropshire with easy access to M54 motorway . Shifnal high street is a typical large market town centre, with a mix of pubs restaurants and local shops. It also acts as destination for many of the outlying villages in the surrounding area. It’s a close-knit town, with medium affluence.
The potential of the Bell lies in its ability to operate as a an all-day venue, covering all trading occasions from breakfasts through to the early hours on the weekend. The quality of the surroundings, the ability to attract a variety of customers, 44 internal covers internal and amazing outdoor space will make this pub stand out well above the competition. All we are looking for is the right operator….
Trading Area & Facilities
A refurbishment will turn the Bell into a premium town centre pub. Inside, the pub will be redecorated which will include new wall finishes, new furniture and new flooring throughout. We will also be refurbishing the toilets and add some new equipment to the existing kitchen. This will give the pub a whole new look and feel and attract a variety of customers.
The external areas will be enhanced with a complete redecoration, furniture, planters and lighting. We will also be installing an all new, large, covered pergola. The pub will benefit from new signage and lighting on the front of the pub too. These works will give the pub a much more premium feel and will enable the new licensee to offer a fantastic space throughout the year.
Private Accommodation
The private accommodation consists of a one bed roomed self - contained managers flat.
| Annual Rent | £ 33,800 |
| Estimated Annual Turnover | £ 444,922 |
| Deposit | £ 8,450 |
| Estimated Fixtures & Fittings Value | £ 21,000 |
| Estimated Stock Valuation | £ 6,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 38,950 |
| Estimated Minimum Ingoing Costs | £ 38,950 |
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:
Church Street, Shifnal, TF11 9AA
More properties in this region
Horns Inn Gnosall
23 High Street, Stafford, ST20 0EXAgreement Type: Investment Tenancy
View details for Horns Inn Gnosall
White Hart Filance Bridge
Stone Cross, Stafford, ST19 5ASAgreement Type: Foundation Tenancy
View details for White Hart Filance BridgeTo 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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download