Jolly Sailor South Norwood
64 High Street, London, SE25 6EBAgreement Type: Just Add Talent
View details for Jolly Sailor South NorwoodRefurbishment Planned
Vale London
1a, Lilian Road, Streatham Vale, London, SW16 5HN
Pub Code: 0020491101
Key Features
- Refurbishment planned
- Live sports & entertainment
- Outdoor trade
- Just Add Talent – our management agreement
- Lower in-goings compared to a leased & tenanted and freehold pub
- Award-winning training program
Ingoing Costs: £4,000
Estimated On Target Earnings: £45,376
More Information
Transformational refurbishment planned!
With a proposed name change from The Vale, to The Tigerlily, this pub will undergo a full internal refurbishment, including premium finishes and a quality feel. The Tigerlily will have beautiful new floor finishes to the trade area, with timber vinyl effect. There will be a full internal redecoration to trade areas, toilets and bar counters, new fixed upholstery, F&F and new screens throughout.
Externally, there will be a full external redecoration and new signage scheme to drive curb appeal and standout. The pub has been known as The Vale, however the proposed name change will reposition the pub in the market. We are keen to engage with the local community to come up with the perfect name, but given the Lilian Road location, think Tigerlily is a great place to start. The site will also receive investment to the garden space, creating a cosy courtyard spot for drinks in the summer.
SW London location
The Tigerlily is located in Streatham. Streatham is a busy London suburb, with lots of green space, woodlands and close to Tooting Bec Lido. The area has strong demographics, with medium to high affluence around the pub, with 63% high and 29% medium. To further add to the appeal to this pubs location, there are no other pubs within a ten-minute walk time, giving the Tigerlily captive market of over 7,000 adults.
Potential
We believe that this refurbishment will set The Tigerlily up to be a lucrative pub business. With 88 covers, it will be the bar of choice for the after-work drinkers mid-week and will also attract customers at the weekend looking for a relaxed and premium outlet to enjoy themselves. The Tigerlily is going to transform the local area by offering a premium range of wines, spirits, beer and cider.
The newly refurbished Tigerlily will appeal to:
Couples, or individuals who want a drink after a long day at work, or a treat on the weekend.
People looking for a space to come together and celebrate or relax in a comfortable space.
Post-refurbishment, Tigerlily will be an attractive, country-style pub with a modern finish where customers will love spending their time. The pub will offer:
A mix of premium draught Lagers, cask ales, a wine menu, spirits and soft drinks.
A coffee offer to increase day time trade
Entertainment such as live music and quizzes
Trading Area & Facilities
The Vale 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).
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
There is private accommodation at this pub.
| Ingoing Costs | £ 4,000 |
| Estimated Annual Turnover | £ 346,258 |
| Estimated On Target Earnings | £ 45,376 |
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
All figures quoted are exclusive of VAT
Location:
1a, Lilian Road, Streatham Vale, London, SW16 5HN
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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