Rose Of Denmark Hotwells

6 Dowry Place, Bristol, BS8 4QL

  • Rose Of Denmark Hotwells
  • Rose Of Denmark Hotwells
  • Rose Of Denmark Hotwells
  • Rose Of Denmark Hotwells
  • Rose Of Denmark Hotwells
  • Rose Of Denmark
  • Rose Of Denmark
  • Rose Of Denmark
  • Rose Of Denmark
  • Rose Of Denmark

Rose Of Denmark Hotwells

Brilliant Business in Bristol

The subject of a substantial investment of £232k from Star Pubs & Bars, the Rose of Denmark is a remarkable business opportunity. Located in a very prosperous area, on what once would have been a main thoroughfare into Bristol, the pub can be found opposite the well-known Brunel Way flyover, ensuring excellent levels of passing trade and trade from wealthy locals surrounding the site.

Planned works include redeveloping the scullery kitchen, creating a gallery for guests and creating an enviable wine cellar and gin room. The pub will be completely redecorating throughout which will be complimented by a facelift externally. The future offer for this site should reflect busy bustling activity outside their doors. By day it should be a sanctuary to locals and professionals, be it breakfast, coffee, a quick bite at lunchtime or chilled glass of wine. By night it should change into a premium bar and restaurant.

Passionate, City Operator Wanted

This would be an ideal opportunity for a high-energy operator, who specialises in multi-revenue stream sites.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, the pub will be redecorated throughout. Currently the interior of the pub has relaxed, traditional pub feeling to it. There is ample seating upstairs with benches and tables as well as comfy chairs and bar stools, while downstairs in the scullery there is a more formal restaurant feel.

Outside, the pub will undergo a full refurbishment, complete with a new signage & lighting scheme. There is an outside seating area on the Hotwells Road side of the pub which proves popular in sunny summer months.

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 & Bars, 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

The private accommodation consists of bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 00:30 10:00 - 00:30 10:00 - 00:30 12:00 - 23:00

Financials

Annual Rent £
45,000
Estimated Annual FMOP (Licensee Profit) £
48,097
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
539,248
Estimated Annual Barrelage
252

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
42,599
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
10,500
Rent In Advance £
808
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
295
Premises Licence Fee £
60
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
18,883
Estimated Minimum Ingoing Costs £
13,195

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,194
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased