Sugar Loaf Easton

51 St Marks Road, Bristol BS5 6HX

Under Offer
  • Sugar Loaf Easton
  • Sugar Loaf Easton
  • Sugar Loaf Easton
  • Sugar Loaf Easton
  • Sugar Loaf Easton

Sugar Loaf Easton

Rare Pub Opportunity

Earmarked for a £212k investment from Star Pubs & Bars, the Sugar Loaf is a busy neighbourhood local situated on St. Marks Road, close to the centre of Bristol. Easily accessible by road or rail, the pub is surrounded by a variety of residents from professionals and students to families, all looking for a relaxing local. Close by, renowned restaurants attract a lot of custom to the area and could prove to be a fabulous customer base for the Sugar Loaf.

Planned works at the Sugar Loaf include a complete facelift externally, while internally will be redecorated throughout, all complimented with a fresh offer and new operator. Currently the offer consists of a wide range of premium lagers and ciders, in addition to a great cask ale selection. An extensive whiskey and gin menu and cocktail menu proves popular and could be expanded upon. There is ample room to improve the food menu as there is an underutilised catering kitchen onsite which currently serves pies, pasties and rolls.

Passionate, Innovative Operator Wanted

This would be an ideal opportunity for a high-energy operator, who specialises in multi-revenue stream sites to take on a community local and transform the site into a vibrant, sought after venue.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Inside is a lively and traditionally decorated bar, with occasional live music, with three pool tables towards the rear. Due to undergo a full refurbishment, the pub will be upgraded with contemporary colours and new fixtures & fittings to enhance guest's experience.

Externally, a new lighting & signage scheme will enhance kerb appeal and attract customer. To the rear, an all-weather, decked, secluded garden provides a peaceful area in which guests can unwind and escape city life.

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 and bedrooms. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.

Premises Licence Details

Please refer to Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:30 10:00 - 23:30 10:00 - 23:30 10:00 - 00:30 10:00 - 01:30 09:00 - 01:30 12:00 - 23:00

Financials

Annual Rent £
53,250
Estimated Annual FMOP (Licensee Profit) £
58,392
Representative HEINEKEN UK Brand Discount Per Barrel £
135
Estimated Annual Turnover £
706,235
Estimated Annual Barrelage
420

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 £
34,067
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
13,313
Rent In Advance £
1,024
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
55
Rates Assessment Fee £
180
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
55,599
Estimated Minimum Ingoing Costs £
55,000

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 £
2,003
Estimated Annual Maintenance Compliance Charge £
TBC
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