The New Lamp
Bankbottom, Hadfield, SK13 1BYAgreement Type: Foundation Tenancy
View details for The New Lamp
Peels Arms Hyde
Temple Street, Padfield, Hyde, SK13 1EX
Pub Code: 0060366101
Key Features
- Foundation Tenancy
- Food Led Destination Pub
- 70 Internal Covers
- Large Beer Garden
Est Min Ingoing Costs: £17,223
Annual Rent: £26,893
More Information
Cosy Country Pub
The Peels Arms is a destination food pub located in the country village of Padfield on the outskirts of Glossop. A traditional British pub with quality, traditional food, it’s known as the heart of this friendly community.
Typically a 60/40 dry split, we’re looking for an operator who’s experienced in food sites and can develop the food offer whilst driving wet sales. A passionate publican who can engage with the locals, encourage new guests and retain the Peels Arms’ status as the heart of the community.
Trading Area & Facilities
Internally the pub’s main trading area is used for dining. Wooden beams and a log fireplace add to the character of this traditional country pub. The flooring has been replaced and the paintwork refreshed recently. There is a full kitchen on site to accommodate the 70 internal covers. Drinkers tend to congregate in the vault room, a separate sectioned off area.
Externally there is a beer garden to the rear, recently developed, that can comfortably accommodate 40 for those sunny days and warm nights. The Peels Arms also has a small car park but there’s plenty of roadside parking available.
Private Accommodation
Private accommodation at the Peels Arms consists of 3 bedrooms, a bathroom, separate W.C., kitchen, and large lounge. 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.
| Annual Rent | £ 26,893 |
| Estimated Annual Turnover | £ 445,059 |
| Deposit | £ 6,723 |
| Estimated Fixtures & Fittings Value | £ 16,000 |
| Estimated Stock Valuation | £ 7,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 33,223 |
| Estimated Minimum Ingoing Costs | £ 17,223 |
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:
Temple Street, Padfield, Hyde, SK13 1EX
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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