Sir Audley Arms Chippenham

24 Audley Rd, Chippenham SN14 0DY

  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham
  • Sir Audley Arms Chippenham

Sir Audley Arms Chippenham

Premium Pub Planned

Earmarked for major investment of £331k, the Sir Audley Arms is located close to the town centre of historic Chippenham, a thriving market town with plenty of good quality shops. This is a superb pub at the heart of the local community with a ready-made customer base at the doorstep.

As part of the proposed project, the works will refresh the decoration and revamp the look and feel of the pub. As this pub is in good condition, no structural work will be required here. Therefore, externally there will be a refresh of the signage and paintwork and internally there will a re-decoration of all trade areas, including walls, ceilings, flooring, new fixtures & fittings, and a revamp of the toilets and kitchen.

The pub itself is a spacious community local which is currently trading as a drinks led venue with a strong reputation for pub games and sports. With a substantial catering kitchen and a large dining area of 50 covers, the Sir Audley Arms offers an excellent opportunity for an experienced operator who can deliver a simple food offer to complement the existing wet trade.

Innovative Community Operator Wanted

Do you have a passion for customer service and a keen business mind? A robust business plan is required.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Live Sports
  • Long-Term FRI Lease
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, this is a one bar operation with various segmented areas including drinking, eating and sports. Further to this there is a raised area which can be used for entertainment including live bands.This large site has capacity for 124 diners. There is also a function room situated upstairs for private events which will not be apart of the proposed investment.

Externally, the site has a lovely courtyard garden with a beautiful mature willow tree, which adds an additional 120 covers for sunny summer months. A large car park for at least 30 cars.

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 Sir Audley Arms has a very nice 4 bedroom flat situated upstairs.

Premises Licence Details

Unfortunately Star Pubs & Bars does not have access to the current Premises Licence for this outlet.

Please contact the local licensing authority to obtain an up to date Premises Licence.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
33,086
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
10,750
Rent In Advance £
827
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
51,858
Estimated Minimum Ingoing Costs £
30,000

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 £
3,240
Estimated Annual Maintenance Compliance Charge £
1,030
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