Wheatsheaf Brigg

15 Station Road, Brigg, Brigg DN20 9EB

  • Wheatsheaf Brigg
  • Wheatsheaf Brigg
  • Wheatsheaf Brigg
  • Wheatsheaf Brigg
  • Wheatsheaf Brigg
  • Wheatsheaf Brigg

Wheatsheaf Brigg

Gorgeous Village Pub - Refurbishment Planned!

Nestled within the charmingly rural village of Hibaldstow, The Wheatsheaf is a traditional tavern with lots of exciting potential. The surrounding community consists mainly of families and mature couples who live a comfortable lifestyle - the perfect setting for an atmospheric pub with a great food menu. As the only pub for almost two miles, the pub will appeal to locals - however, the right operator will have the experience and ambition to use the pubs food menu and social media to draw in trade from the surrounding area. The village is known for its sky diving centre, so there is opportunity to attract tourist trade also.

We now have exciting plans to refurbish the pub to a high standard, with all trade areas being refreshed both inside and outside. There will be better zoning to allow for both drinking and dining areas, along with the addition of some letting rooms to add a further income stream. The new interior design will have a rustic country feel, with modern touches to breathe a new lease of life into the pub.

Experienced and Ambitious Operator Wanted

Are you a local operator who has a passion for good food and good customer service? You will be experienced in the pub trade and know what it takes to run a brilliant British pub. Your passion for food will see you create a classic pub menu that focuses on quality produce. In partnership with Star Pubs & Bars, you will grow your business using social media and excellent customer service.

Click here to find out about one of our previous exciting refurbishments: https://youtu.be/8NSbtO1sbjE

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

Inside, the pub will be refurbished to a high standard. All trade areas will be transformed with new timber flooring, carpets and decorative accents. The new layout will ensure that the pub is well zoned, creating separate spaces for family dining and casual drinking with friends. The toilets will also be refurbished.

Four new letting rooms will be added to the pub and these will be designed to the same high standard.

Outside, we will extend the current patio area and add new furniture to create a welcoming space for visitors to gather - this space has the potential to be a hot spot in the warmer summer months. Festoon lighting and planters will add to the kerb appeal of the pub.

Private Accommodation

The private accommodation consists of two bedrooms, kitchen & bathroom and a lounge and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 01:00 10:00 - 01:00 11:00 - 23:30

Financials

Annual Rent £
57,000
Estimated Annual FMOP (Licensee Profit) £
58,322
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
464,721
Estimated Annual Barrelage
176

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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
14,250
Rent In Advance £
1,096
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
55
Premises Licence Fee £
180
Rates Assessment Fee £
50
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
52,531
Estimated Minimum Ingoing Costs £
16,685

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
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