Dolphin Tamworth
New Street, Tamworth, B77 3EFAgreement Type: Investment Tenancy
View details for Dolphin TamworthRefurbishment Planned
Plough & Harrow Fazeley
Atherstone Street, Tamworth, B78 3RF
Pub Code: 2301316101
Key Features
- Significant refurbishment planned
- Prominent location
- Up-market classic food menu & premium drinks offer
- 7 en-suite Letting rooms
- Outdoor trading & new secret garden area
- Private accommodation
Est Min Ingoing Costs: £67,759
Annual Rent: £57,038
More Information
Major refurbishment to beautiful suburban pub
What would you do with this pub to make it a success?
The area
Prominent location
The Plough & Harrow is located in the popular Tamworth suburb of Fazeley, close to the popular Drayton Manor Theme Park. Fazeley has grown over time to a popular, affluent area on the edge of Tamworth. The pub is only five minutes from Drayton Manor, which attracts some 1.5 million visitors a year. It’s a densely populated area with over 7,500 people living withing a 20-minute walk of the pub. In this area is a healthy level of competition and there is a gap in the market for a premium local.
The offer
The Plough & harrow is available on our investment tenancy agreement. Click here for more information on this agreement.
Serious potential
The planned refurbishment to the Plough & Harrow will allow a new operator to build a reputation as THE best destination pub in the area. The quality of the surroundings, a wealth of visitors to the area, 106 internal and 172 external covers will make this pub stand out well above the competition. All we are looking for is the right operator that understands the intricacies of delivering a quality food and drink offer….
Target customers:
When refurbished, the Plough & Harrow will appeal to a very broad spectrum of customers due to its multi-income stream offer, including:
- Local residents, Couples and groups of friends
- Visitors to the area looking for accommodation or a quality venue for food &/or drink
- Diners and families during the week
Offer:
When refurbished, the Plough & Harrow will offer:
- A range of drinks including some premium lagers, cask ale and craft beer
- Ciders, premium spirits, and an extensive wine list
- Up-market pub classics food menu
- A barista-style coffee offer
We’re always open to new ideas, what would you do to drive trade?
Click here to see a similar, completed project at another one of our pubs
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 Plough & Harrow will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
Internal Trading Areas
Supply and fit new external quality hardwood doors
Overhaul existing retained doors
Ironmongery to existing and new doors - Provisional
MDF Dado panelling once fixed seating Is removed
Skirting boards
Feature screen with mild screen detail tbc
Mild steel frame devide with curtain screen detail tbc
Bespoke Fixed drink shelves with tile upstand fixed with wrought iron brackets
Bespoke Fixed drink stnd/tables with tile upstand fixed with wrought iron brackets and leg support
Offload furniture etc
New Fire Surround
New Fireplace Hearth
Bar Servery Works
New backfitting - upper Spec TBC
Sundry extras
Add wide tier display
Framed mirror 1m2
Allow for cutting to suit skips, sinks basins engines and the like
Allow for steel framing
Alterations to undercounter shelving
Sub floor preparation as may be required following removal of existing floor coverings -latex
Supply and lay new feature tiles to pub dining area
Supply and lay new feature tiles to bar walk area
Sub floor prep, ply - 18mm thick, where required - Provisional
Supply and lay pre finished engineered oak timber flooring
E.O for perimeter strip
Entrance mats/walk off mats
Altro to bar servery
Coved skirtings
Sundry items, floor trims between finishes
Decorative wall papers - Provisional
Wall mural/feature wall between fixed seating
Bar counter/backfitting - staining/polishing to new and existing tops/fronts, etc
EO New wall panelling - strip and stain existing 2000mm high
EO Existing wall panelling - strip and decorate existing 2000mm high
Toilets
Stripping Out/Preparation Works
Remove Low level WC Suite and clear away
Remove urinals and clear away
Remove wash hand basin and clear away
Remove vanity unit
Remove WC Cubicle
Remove wall mounted cistern and sparge pipes and clear away
Remove existing wall coverings and prepare for new finish and clear away
Remove Vinyl floor coverings inc. skirtings and clear away
Overhaul existing retained doors
Ironmongery supply
Skim coat plaster finish
Wall tiling (dado height) as designer spec
Dado Mosaic Tile as designer spec
Supply and lay new vinyl flooring to designers spec
Coved skirtings, 4 mm Altro
Sub floor preparation as may be required following removal of existing floor coverings -latex
Sub floor prep, ply - 12mm thick, where required - Provisional
New traps & wastes
New wash hand basin as designers spec
Vanity Unit; single type
Vanity Unit; double type
WC Suite's
Urinal bowls as designers spec
Cistern, serving max 3 No. urinals
Install only soap dispense/toilet roll holders
Doc M Pack for Disabled WC (prov.)
Dado height panel with sloping hardwood lid IPS unit
Urinal IPS unit
Toilet cubicle inc. cubicle doors and ironmongery
Decorate ceiling, doors, above dado
Trade Kitchen and office
General stripping out Works
Remove Vinyl floor coverings inc. skirtings and clear away
Remove existing wall coverings and prepare for new finish and clear away (Prov.)
Ironmongery supply to existing door
Prepare floor and lay heavy duty levelling screed Altro
Coved skirtings, 4 mm Altro
Sundry items
White rock to all areas - Provisional (wash up area)
Decorate ceiling, woodwork
Cellar
Allow for remove and dispose of any unwanted fixtures & fittings and general clear out
Prepare floor and lay heavy duty levelling screed completed with liquid DPM
Decorate walls, ceiling, woodwork - (Anti Fungal Paint)
Builders Work in Connection with Python Installations/Cellar Cooler
BWIC with Python Installations
External Works
Construct new external porch - no detail
Repair works to existing pergola - Provisional
Decorate previously decorated Render
Prepare and re-decorate WINDOWS - small panes
Prepare and re-decorate doors - existing
Prepare and re-decorate doors - new
Prepare and re-decorate Fascia’s & Soffits & Gutters
Prepare and re-decorate rainwater pipes
Prepare and stain fencing (picket)
Prepare and decorate steel pergola/shelter
Prepare and decorate children’s play area
Construct new dwarf garden wall inc. all foundation and cartaway works
New planter boxes small
New planter boxes large
Construct new external fixed seating (front)
Construct new external fixed seating (secret garden)
Construct new bespoke curved seating bench around tree
General landscape works to play area tidy up lawn
Jet wash existing paved area
Allow to repaint say 30% of existing paving
Construct new external porch - no detail
Repair works to existing pergola - Provisional
Tidy up, re level and re-stone car park
Sweep existing car park (road sweeper)
Allow for kerbing detail
Steel posts for Festoon Lights
Supply and install new close boarded fencing 1800mm
Supply and install new double gates inc. padlock and ironmongery
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the recruitment process.
Private Accommodation
Private accommodation consists of 4 bedrooms, a living room, kitchen and bathroom Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade
| Annual Rent | £ 57,038 |
| Estimated Annual Turnover | £ 796,865 |
| Deposit | £ 14,259 |
| Estimated Fixtures & Fittings Value | £ 40,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 67,759 |
| Estimated Minimum Ingoing Costs | £ 67,759 |
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:
Atherstone Street, Tamworth, B78 3RF
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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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