Cedar Tree Bagshot
1 High Street, Bagshot, GU19 5AGAgreement Type: Investment Tenancy
View details for Cedar Tree BagshotRefurbishment Planned
Railway Arms Frimley
70-78, High Street, Nr Camberley, GU16 7JE
Pub Code: 2300361101
Key Features
- Fantastic Refurbishment Planned
- High Street Pub
- Premium Local
- Live Sports
Est Min Ingoing Costs: £52,930
Annual Rent: £38,000
More Information
Community focused Pub
The Railway Arms is located on the High Street in Frimley Surrey. This is an affluent area with plenty of adults. Within a ten-minute walk time there are circa 1,600 adults and only one other competitor pub within that ten minute walk time.
A pub business with great potential
The potential investment will reinvigorate the pub, bringing the two current front rooms together to create an open, welcoming environment. The Railway Arms will have an independent look and feel, compared to some of the managed houses in the area. This pub would work for an experienced operator, but also someone looking to take their first site. The focus will be on quality wet trade, supported by sports and events and accompanied by a quality food offering All we are looking for is the right operator….
The right operator for the Railway Arms will have a clear vision for their food & drinks menu, sports and entertainment offer 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 pub’s next chapter…
Target customers:
When refurbished, The Railway Arms will act as a go-to location for an after-work drink, as well as a quick stop before catching a train on the weekend.
Targeting all ages and mixed groups including Families looking for a place to visit with children.
The pub will also offer a place to watch sports and to come together as a community, offering quality meals such as burgers and sharing plates.
Offer:
When refurbished, the Railway Arms will offer:
Premium range of draught beers and ciders, quality wine selection and a good range of spirits
A great pub food menu like wings and burgers.
Coffee and Wi-Fi
Entertainment as part of the rhythm of the week, the go to location for sports, as well as an afterwork drink and potential for live music on the weekend.
Trading Area & Facilities
The planned refurbishment will see works done both internally and externally. With new flooring, an overhaul of the bar, demolition of interior walls to create open trading areas the potential of this pub is being maximised on all fronts.
For a full breakdown of the works to be done please see the Refurbishment details in the downloadable documents.
Please 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 & Bars, an "Investment Exemption" will be required. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016). ‘
Private Accommodation
Private Accommodation consists of 4 bedrooms 1 living room and an office.
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 | £ 38,000 |
| Estimated Annual Turnover | £ 510,609 |
| Deposit | £ 9,500 |
| Estimated Fixtures & Fittings Value | £ 29,930 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 52,930 |
| Estimated Minimum Ingoing Costs | £ 52,930 |
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:
70-78, High Street, Nr Camberley, GU16 7JE
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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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