Roaring Meg Stoke-On-Trent
Pennine Way, Stoke On Trent, ST8 7EAAgreement Type:
Just Add Talent
View details for Roaring Meg Stoke-On-Trent
Northwood Inn Stoke-On-Trent
Northwood Inn Stoke-On-Trent
55, Botany Bay Road, Stoke On Trent, ST1 6PU Pub Code: 2301892101
Pub Code: 2301892101
Investment TenancyEst Min Ingoing Costs: £26,054
Annual Rent: £21,616
Full refurbishment of community pub
The Northwood offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area
The pub benefits from being one of the pubs found in an area with a population of around 11,800 in the Northwood ward, with Stoke-on-Trent city having over 250,000 residents. The customer base is made up of young, midlife and mature adults.
Northwood, Stoke-on-Trent, is close to local green spaces like Northwood Park, historic pubs such as the ancient Cat Inn, and notable churches like Holy Trinity Church, while major city attractions including the Potteries Museum, bet365 Stadium, Trentham Estate, and Gladstone Pottery Museum are a short drive away, tying into the city's rich ceramic heritage.
The offer
The Northwood is available on our investment tenancy agreement. Click here for more information on this agreement.
With the right operator this could be the best local pub in the community.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Northwood will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers.
Trading Area & Facilities
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- HEINEKEN SmartDispense
- Enclosed beer garden
- Patio area around the front and side of the venue
- Private accommodation
- Pub Games
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, 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, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£26,054
Estimated Minimum Ingoing Costs
£26,054
Annual Rent
£21,616
Estimated Annual Turnover
£300,719
Deposit
£5,404
Estimated Fixtures & Fittings Value
£11,150
Estimated Stock Valuation
£6,000
Estimated Working Capital
£3,500
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:
55, Botany Bay Road, Stoke On Trent, ST1 6PU
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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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