Seven Stars Helston

36 Coinagehall Street, Helston TR13 8EQ

  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston
  • Seven Stars Helston

Seven Stars Helston

Exceptional Opportunity

Subject of a proposed refurbishment, the Seven Stars is situated on the high street of the popular Cornish market of Helston. Being located in the heart of the town, there is strong custom from both passing trade and shoppers. The local demographics of the area features a diverse and vibrant working community.

Currently closed, the development of a high quality food offer, combined with the fabulous design plans offers the opportunity to create the go-to pub destination in the area. Proposed refurbishment works include creating a brand new commercial kitchen, creation of zoned dining and drinking areas and a make over externally.

Experienced and Creative Operator

This great opportunity would be ideally suited to an experienced operator looking to make use of the demographics in the area and re-energise a well-known pub business.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

The site boasts various traditional features. Internally, this is a one bar operation with discrete areas to allow for both drinking and dining. In addition, there is a pool table with a strong sports team following. There is also a function room to hold parties and events. The pub has seating for over 40 guests.

Externally, the Seven Stars has the distinct advantage of being the only pub in the area to have a large beer garden.

There is no car park at the site.

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

Premises Licence Details

See licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 01:30 10:00 - 01:30 10:00 - 01:30 10:00 - 02:30 10:00 - 02:30 10:00 - 02:30 10:00 - 01:30

Financials

Annual Rent £
37,000
Estimated Annual FMOP (Licensee Profit) £
39,772
Representative HEINEKEN UK Brand Discount Per Barrel £
130
Estimated Annual Turnover £
462,314
Estimated Annual Barrelage
318

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).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
27,529
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
9,188
Rent In Advance £
707
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
44,789
Estimated Minimum Ingoing Costs £
40,000

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 £
2,341
Estimated Annual Maintenance Compliance Charge £
1,003
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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