Old Crown Inn Wigston
46 Moat Street, Wigston, LE18 2GDAgreement Type:
Investment Tenancy
View details for Old Crown Inn Wigston
White Hart Filance Bridge
White Hart Filance Bridge
Stone Cross, Stafford, ST19 5AS Pub Code: 2302922101
Pub Code: 2302922101
Foundation TenancyEst Min Ingoing Costs: £8,768
Annual Rent: £15,222
Striking and Historic Town Centre Pub
The White Hart is a Grade 2 listed building in the market town of Penkridge, in the heart of Staffordshire.
What would you do with this pub to make it even more of a success?
The area
The White Hart is located in the Market town of Penkridge, less than a 2-minute walk to the train station and within easy reach of the M6, between Manchester and Birmingham. It is within a 10-minute walk of traditional housing, with major housing developments being undertaken and plans for future developments. The increasing population will help to drive extra footfall and grow the business.
The pub benefits from being one of 5 pubs found in an area of around 200 adults. The diverse customer base is made up of affluent homeowners with grown up families living at home and the influx of people attracted to the new developments.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong 100% Wet led offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and a selection of pub games such as darts. It offers a selection of cask ales, popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
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
- The Pub has two bars back-to-back
- with a central servery
- 60 internal covers
- 30 external covers
- Small, cobbled area for outside trading
- Car Park with 8 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£18,415
Estimated Minimum Ingoing Costs
£8,768
Annual Rent
£15,222
Estimated Annual Turnover
£240,652
Deposit
£3,805
Estimated Fixtures & Fittings Value
£7,110
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
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:
Stone Cross, Stafford, ST19 5AS
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To 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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