Corner Pin (to be re-named the Chellaston Arms)
Swarkestone Road, Derby, DE73 5UAAgreement Type: Just Add Talent
View details for Corner Pin (to be re-named the Chellaston Arms)Refurbishment Planned
Wheel Derby
50, Main Street, Ticknall, DE73 7JZ
Pub Code: 2303310101
Key Features
- Refurbishment Planned
- Fantastic Location
- Great Food Opportunity
- Outdoor Trading
- Car Park
- Private Accommodation
Est Min Ingoing Costs: £50,999
Annual Rent: £33,999
More Information
This is a fantastic opportunity to give an affluent area the premium food pub it’s crying out for.
Located in the desirable (and highly affluent) village of Ticknall, The Wheel Inn is also close to other many other affluent villages of South Derbyshire and Leicestershire. The area is crying out for a great quality destination food offer. While the village is small, the surrounding areas mean over 200k adults are within a 20-minute drive, giving the Wheel the potential to be a proper drive-to destination. It also sits just next to the entrance of the wonderful National Trust-owned Calke Abbey, which attracts around 300,000 visitors per year. Popular with walkers and tourists, it offers a great opportunity to develop the pub’s daytime offer to attract these visitors.
This is a fabulous village coaching inn downstairs with a more modern dining room/lounge upstairs serving a premium range of drinks alongside a food offering that offers a small but frequently changing menu with the highest quality local ingredients. The local area is lacking a premium pub with a great food offer, which is where we see the opportunity for this site. The two-level operation means that the downstairs can operate as a traditional walker- and dog-friendly ‘locals bar’, while the upstairs lounge caters for those wanting to dine in a more modern, upmarket environment. The drinks range will include cask ales, a great selection of gins and other spirits as well as the opportunity to trade to more premium drinks from the core range of draught products.
The pub will appeal to a wide cross-section of people. Daytime trade will need to focus on those looking for a trip out for lunch, such as older groups looking to meet up with friends or visitors to Calke Abbey and its grounds looking for a coffee and a light lunch. Evening and weekend trade is likely to be village locals of all ages looking for a drink in quality surroundings or the over-30s travelling for high-quality food.
Located in the desirable (and highly affluent) village of Ticknall, The Wheel Inn is also close to other many other affluent villages of South Derbyshire and Leicestershire. The area is crying out for a great quality destination food offer. While the village is small, the surrounding areas mean over 200k adults are within a 20-minute drive, giving the Wheel the potential to be a proper drive-to destination. It also sits just next to the entrance of the wonderful National Trust-owned Calke Abbey, which attracts around 300,000 visitors per year. Popular with walkers and tourists, it offers a great opportunity to develop the pub’s daytime offer to attract these visitors.
This is a fabulous village coaching inn downstairs with a more modern dining room/lounge upstairs serving a premium range of drinks alongside a food offering that offers a small but frequently changing menu with the highest quality local ingredients. The local area is lacking a premium pub with a great food offer, which is where we see the opportunity for this site. The two-level operation means that the downstairs can operate as a traditional walker- and dog-friendly ‘locals bar’, while the upstairs lounge caters for those wanting to dine in a more modern, upmarket environment. The drinks range will include cask ales, a great selection of gins and other spirits as well as the opportunity to trade to more premium drinks from the core range of draught products.
The pub will appeal to a wide cross-section of people. Daytime trade will need to focus on those looking for a trip out for lunch, such as older groups looking to meet up with friends or visitors to Calke Abbey and its grounds looking for a coffee and a light lunch. Evening and weekend trade is likely to be village locals of all ages looking for a drink in quality surroundings or the over-30s travelling for high-quality food.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Wheel will have extensive experience in a similar destination food hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their 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
The Wheel operates over two floors, with a village coaching inn downstairs and a more modern dining room/lounge upstairs. Both areas will be redecorated and the lounge/dining area will have a Mixture of new traditional and colourful loose furniture. The kitchen works will include new kitchen equipment.
The outside will be repainted and have new signage and downlighters. The outside trading areas will have the existing decking and balustrades redecorated & repainted and new timber posts installed with festoon lighting. There is a car park for easy access.
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).
The outside will be repainted and have new signage and downlighters. The outside trading areas will have the existing decking and balustrades redecorated & repainted and new timber posts installed with festoon lighting. There is a car park for easy access.
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
The private accommodation consists of 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.
| Annual Rent | £ 33,999 |
| Estimated Annual Turnover | £ 460,343 |
| Deposit | £ 8,500 |
| Estimated Fixtures & Fittings Value | £ 33,999 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 50,999 |
| Estimated Minimum Ingoing Costs | £ 50,999 |
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:
50, Main Street, Ticknall, DE73 7JZ
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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