Rowbarge Woking

39 St Johns Road, Woking, GU21 7SA

  • Rowbarge Woking
  • Rowbarge Woking
  • Rowbarge Woking
  • Rowbarge Woking
  • Rowbarge Woking

Rowbarge Woking

Refurbishment Planned!

Once refurbished, The Rowbarge will be both a haven for locals and a destination for out of town visitors. The renovation will be all-encompassing, creating a beautifully modern finish with a greatly enhanced dining capacity and 10 boutique letting rooms.

The Rowbarge is located on the busy St Johns Road in Woking, with many of the locals living within walking distance. This excellent location, combined with new attractive external signage, will attract a large and lucrative market.

A complete refurbishment of The Rowbarge will create a wonderful space for customers to enjoy the exciting new food menu, or enjoy a quiet drink in the more intimate snug bar area. The Rowbarge is primed to be an exciting fusion of a village local, as well as a destination for tourists looking for a relaxing place to enjoy a wonderful meal.

Experienced Food & Drink Pub Operator Wanted

If you consider yourself a maestro when it comes to running a successful pub then Star Pubs & bars would love to work with you. What you will bring to this opportunity is a wide knowledge and experience of creating a brilliant food & drinks offer as well as an embracive attitude for the community.

**Rent model is post refurbishment rent**

Pub Features

  • Refurbishment Planned
  • Catering Kitchen
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale
  • Monthly Billing

Trading Area & Facilities

Internally, the Rowbarge has a bar area as well as a seperate dining area, where customers can enjoy great pub grub. Throughout the pub there are fantastic fireplace features as well as 10 letting rooms, post refurbishment will resemble boutique hotel standards.

Externally, The Rowbarge has a large beer garden, a children's play area, ample parking and an area for a marquee for special occasions.

Please see the refurbishment pack for more details.

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, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
07:00 - 00:30 07:00 - 00:30 07:00 - 00:30 07:00 - 00:30 07:00 - 00:30 07:00 - 01:30 07:00 - 23:00

Financials

Annual Rent £
79,500
Estimated Annual FMOP (Licensee Profit) £
80,914
Representative HEINEKEN UK Brand Discount Per Barrel £
100
Estimated Annual Turnover £
894,781
Estimated Annual Barrelage
296

“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 £
100,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
7,000
Deposit Amount £
19,875
Rent In Advance £
6,625
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
135,695
Estimated Minimum Ingoing Costs £
135,695

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 £
2,708
Estimated Annual Maintenance Compliance Charge £
1,463
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