Star Inn
Star Inn
119, Market Jew Street, Penzance, TR18 2LD Pub Code: 0020618101
Pub Code: 0020618101
Foundation TenancyEst. Annual Turnover: £313,875
Annual Rent: £23,474
Traditional pub located in the heart of Penzance
What would you do with this pub to make it even more of a success?
The area
The Star Inn is located in the town of Penzance. The pub is surrounded by shops, food and retails outlets and mixed housing. The Star Inn was originally built in 1844 and is a wonderful, traditional pub located in the heart of the town on a busy main street.
Demographics
The pub benefits from being located in the heart of a town centre in an area of around 5,880 adults. The customer base is made up of mature adults of mixed incomes along with tourist to Penzance and surrounding area.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a good 30/70 food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via its High Street location, selection of pubs games, such as pool and pub games machines. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and coffees.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers
- Experience working with food would be beneficial
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…
Trading Area & Facilities
- Main trading area with bar
- Split level trading area
- 50 internal covers
- Pub games zone
- Catering kitchen
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, and bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£10,456 - £22,369
**Deposit build up from 1 month rent
**Rented fixtures & fittings deal available
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:
119, Market Jew Street, Penzance, TR18 2LD
Selected pub
Other pubs
To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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