Jolly Colliers Derby
122 Derby Road, Heanor, DE75 7QLAgreement Type: Foundation Tenancy
View details for Jolly Colliers Derby
Punch Bowl West Hallam
43, The Village, Ilkeston, DE7 6GR
Pub Code: 2300026101
Key Features
- Large Garden & Patio Area
- Introduction of Food Menu
- Cask Ales
- Large Car Park
- Private Accommodation
Est Min Ingoing Costs: £13,918
Annual Rent: £29,017
More Information
Be the Heartbeat of the community
What would you do with this pub to make it a success?
The area
The Punch Bowl is located in the village of West Hallam, close to Ilkeston. The pub is surrounded by residential housing.
The pub benefits from being one of 2 pubs found in an area of around 1,975 adults. The diverse customer base is made up of a selection of mature couples and singles, retirees, young professionals and families.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 70/30 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, selection of pub games, such as pool, and darts and. It offers a selection of cask ales, coffees, and popular beers, ciders, wines and spirits. The introduction of a food menu offering, wholesome home cooked food will help further drive trade.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- Understanding of how to build a successful business
- Ability to engage with customers from behind the bar
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
- Main trading area with bar
- Separate room which could be used for dining
- 80 internal covers
- 80 external covers
- Small catering kitchen
- Function room
- Large garden and patio area with children’s play area
- Car park with approx. 30 spaces
Private Accommodation
Private accommodation consists of bedrooms, a living room, kitchen and bathroom.
| Annual Rent | £ 29,017 |
| Estimated Annual Turnover | £ 422,797 |
| Deposit | £ 7,254 |
| Estimated Fixtures & Fittings Value | £ 10,000 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 28,754 |
| Estimated Minimum Ingoing Costs | £ 13,918 |
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:
43, The Village, Ilkeston, DE7 6GR
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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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