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Old John Peel Inn Bowness
Old John Peel Inn Bowness
Rayrigg Road, Bowness On Windermere, LA23 3BZ Pub Code: 0060062101
Pub Code: 0060062101
Investment TenancyEst Min Ingoing Costs: £65,974
Annual Rent: £49,896
The Old John Peel 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 several pubs found in an area of around 3,000 adults within a 20-minute walk. The customer base is a mix of tourists and a smaller local population.
Located in the heart of Bowness-on-Windermere in the Lake District, the Old John Peel enjoys a prime location opposite the Beatrix Potter visitor centre and beside the village’s main car park. With over 15 million day visitors to the Lakes each year, this high-footfall area offers excellent year-round trading potential.
The offer
The Old John Peel is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re carrying out a full internal refurbishment to enhance its character and bring out the feel of a traditional Lakes pub. Externally, we’re undertaking a sympathetic redecoration, with upgraded signage and improvements to the roof garden – including creating a new entrance to increase accessibility and appeal.
This rare opportunity to run a pub in the heart of Bowness would suit an experienced food-led operator looking to deliver great service in an unbeatable location.
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 Old John Peel will have extensive experience in hospitality businesses. They will have a clear vision for their food offer, team culture and guest experience, and can create a memorable Lakes pub environment for locals and visitors alike.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
The Old John Peel will be undergoing a refurbishment which will cover the internal and external areas of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- 73 internal covers
- 38 external covers (including roof garden)
- Fully equipped catering kitchen
- HEINEKEN SmartDispense®
- Garden/roof terrace
- No car park
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 2 bedrooms, kitchen, bathroom, lounge, toilet and office.
Estimated Total Ingoing Costs
£65,974
Estimated Minimum Ingoing Costs
£65,974
Annual Rent
£49,896
Estimated Annual Turnover
£666,256
Deposit
£12,474
Estimated Fixtures & Fittings Value
£40,000
Estimated Stock Valuation
£10,000
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:
Rayrigg Road, Bowness On Windermere, LA23 3BZ
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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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