Peels Arms Hyde
Temple Street, Padfield, Hyde, SK13 1EXAgreement Type: Foundation Tenancy
View details for Peels Arms Hyde
The New Lamp
Bankbottom, Hadfield, SK13 1BY
Pub Code: 2303126101
Key Features
- Foundation Tenancy
- Excellent Food Opportunity
- Live Entertainment
- Untapped Potential
Est Min Ingoing Costs: £21,997
Annual Rent: £16,987
More Information
The New Lamp is an attractive stone built pub in Hadfield, the western edge of the popular Peak District. Formerly a mill village, Hadfield now acts as a commuter town to Manchester and Sheffield, both of which are within easy reach by road and rail.
Traffic is also driven through regular events such as live sports, weekly quiz nights and bands. The future vision for the site would be to continue a programme of events but introduce a simple yet tasty, contemporary food offer, delicious coffee offer for day-time guests, new cask ales and on-trend cask beers and a focus on high standards.
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
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
Internally the New Lamp has a contemporary country pub feel. The bar area connects with all other zones and guests enjoy a cosy feel throughout. There is an area set for dining, a space where customers take pleasure relaxing and enjoying the delicious food the pub has to offer. There is a separate games area where patrons compete on the pool table and challenge each other at darts.
Externally there is a large sun-trap beer garden to the rear, with benches and classic tables and chairs, perfect for midday drinks and warms summer nights.
Private Accommodation
The private accommodation consists of a lounge, kitchen, bathroom, office and three bedrooms.
| Annual Rent | £ 16,987 |
| Estimated Annual Turnover | £ 276,402 |
| Deposit | £ 4,247 |
| Estimated Fixtures & Fittings Value | £ 10,250 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 11,747 |
| Estimated Minimum Ingoing Costs | £ 21,997 |
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.
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:
Bankbottom, Hadfield, SK13 1BY
More properties in this region
White Hart Whaley Bridge
Market Street, High Peak, SK23 7HNAgreement Type: Investment Tenancy
View details for White Hart Whaley Bridge
Roebuck Chapel En Le Frith
9 Market Place, High Peak, SK23 0ENAgreement Type: Foundation Tenancy
View details for Roebuck Chapel En Le FrithTo 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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