Chichester Arms Chester
66 Garden Lane, Chester, CH1 4EYAgreement Type:
Investment Tenancy
View details for Chichester Arms Chester
Rose & Crown Seacombe
Rose & Crown Seacombe
Poulton Road, Seacombe, Wallasey, CH44 4DE Pub Code: 0090289101
Pub Code: 0090289101
Investment TenancyEst Min Ingoing Costs: £37,380
Annual Rent: £21,523
Refurbished community pub in Seacombe village.
The Rose & Crown offers a great opportunity for someone who wants to take on a well-backed, refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The area:
The Rose & Crown is located in the centre of Seacombe village at the north end of the Wirral Peninsula. The pub is just two minutes’ drive from the Mersey Tunnel leading to Liverpool city centre and close to the M53, which links Chester and Liverpool.
There are around 18,460 adults within a 20-minute walk, and the Rose & Crown is the only pub in the centre of Seacombe, giving it a unique position in the local market.
The offer:
The Rose & Crown is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will transform the pub with new décor, an improved games room, overhauled bar servery, redecorated toilets, new furniture, external signage, lighting and refreshed gardens. A quality range of drinks, focus on live sport, and pub games like darts and pool will make this pub a true hub for locals and visitors.
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 Rose & Crown will understand the dynamics of a drinks-led community pub, with the drive to build on established trade and create a welcoming place for all.
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 Rose & Crown will be undergoing a refurbishment which will cover the interior and exterior 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
- Improved games room with darts and pool
- HEINEKEN SmartDispense®
- Beer garden and front drinking area with new benches
- Three-bedroom private accommodation
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 three bedrooms, a kitchen, large lounge and bathroom.
Estimated Total Ingoing Costs
£37,380
Estimated Minimum Ingoing Costs
£37,380
Annual Rent
£21,523
Estimated Annual Turnover
£305,284
Deposit
£5,380
Estimated Fixtures & Fittings Value
£23,500
Estimated Stock Valuation
£5,000
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:
Poulton Road, Seacombe, Wallasey, CH44 4DE
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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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