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Seven Stars Ripley

Newark Lane, Woking, GU23 6DL

Pub Code: 2302427101

Key Features

  • Refurbishment Planned
  • Fantastic Location
  • Great Food Opportunity
  • Beer Garden

Est Min Ingoing Costs: £49,500

Annual Rent: £42,000

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More Information

Major refurbishment planned!

We are planning a full refurbishment that touches every part of the Seven Stars. We will be redecorating the entire interior of the pub including new floor finishes. There will works to the bar, including overhauling sections of existing servery, sanding & re-staining the top plus a new upper back bar. The toilets will undergo decoration, including ladies’ toilets modified to create additional cubicle. The trade kitchen will receive required decoration and additional kitchen equipment (subject to surveys). The cellar will undergo decorations throughout and allow for new smart dispense.

The pub will benefit from external decoration, with new signage and lighting to enhance to the pubs curb appeal.

Fantastic location

The Seven Stars is located in the village of Ripley in Surrey. It is located between Guildford and Woking and has transport links to London. Ripley is located near the River Rey in a historic village of Surrey. The village has a mix of shops and local attractions from homewares, cafes and of course good pubs. There are a lot of good community events throughout the year, including Ripley Christmas Fair & Ripley Rocks – a charity music festival.  There are strong affluence levels surrounding the pub with 61% high and 26% medium affluence. The local demographics suggest a good demand for quality food and drink.

 

Tap into this pub’s potential!

The Seven Stars has the potential to be a great pub with great food. The refurbishment will attract the local demographic into a welcoming modernised pub. There is a big opportunity to drive good quality food with investment in trade kitchen. The existing beer garden to the rear of the pub will complement the new interior of the pub. All we’re looking for is the right operator…

TARGET CUSTOMERS

When refurbished, The Seven Stars will appeal to a very broad spectrum of customers, including:

Thriving Independence – well-qualified older singles with incomes from successful careers.

Alpha families – high achieving families living fast-track lives, advancing careers, finances with their school aged kids.

Diamond days – retired residents in sizeable homes whose finances are secured by significant assets and generous pensions.

 

OFFER

When refurbished, The Seven Stars will offer:

Premium drinks range, from Amstel to craft beer offering from Beavertown & Brixton.

A traditional pun food menu done to high standards.

A coffee offer.

Potential for tasting events & wine pairings as well as traditional pub quiz.

 

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 this pub will have extensive experience in hospitality businesses. They will have a clear vision for their offer, marketing strategy, and the ability 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…

  • Catering Kitchen

  • Investment Tenancy

  • Private Accommodation

  • Refurbishment Planned

Trading Area & Facilities

The Seven Stars will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.

 

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

This site has private accommodation.

Annual Rent £
42,000
Estimated Annual Turnover £
554,781
Deposit £
10,500
Estimated Fixtures & Fittings Value £
28,000
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
49,500
Estimated Minimum Ingoing Costs £
49,500
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.

Location:

Newark Lane, Woking, GU23 6DL

Google map location image of Seven Stars Ripley