White Bear Knutsford
Canute Place, Knutsford, WA16 6BLAgreement Type:
Foundation Tenancy
View details for White Bear Knutsford
White Hart Whaley Bridge
White Hart Whaley Bridge
Market Street, High Peak, SK23 7HN Pub Code: 2302363101
Pub Code: 2302363101
Investment TenancyEst Min Ingoing Costs: £33,234
Annual Rent: £22,575
Refurbishment Planned!
The White Hart is a popular community pub in Whaley Bridge. Following a full refurbishment inside and out, The White Hart will be transformed into a fantastic community pub.
Major investment will create a fabulous town-centre pub that will cater to the local population and visitors from surrounding towns & villages. There will be multiple zoned areas which will all undergo refurbishment, the bar will be remodelled and a new darts room will be introduced to cater to the strong sports following the pub already has.
In addition, a fantastic external redecoration will enhance the pub’s kerb appeal with new signage and lighting.
Excellent Location
The White Hart is located in Whaley Bridge. Whaley Bridge is a is a town and civil parish in the High Peak district of Derbyshire. Whilst the pub is located right in the middle of the village centre amongst the shops, there is a great selection of established well-presented community housing the surrounds the pub on all sides. The pub also has a large shared rear car park and a stream running by with raised terrace that overlooks it and the nearby high street.
Huge Potential
The stunning new look at The White Hart will attract a broad demographic across all local customer groups, passing trade from the town-centre shops and sports fans looking for a nice pub to watch live games & events. Guests will enjoy competitively priced draught lagers, beers and ciders with the best brands on the market, a simple coffee offer and be entertained with live sports with Sky & BT, pool, darts, dominoes as well as, quizzes, charity fundraisers and live entertainment.
Trading Area & Facilities
Works will be done throughout the pub touching the main bar, darts room, bar servery, gents & ladies toilets, cellar and externally. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads section.
Applicants should 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. The exemption 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, as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of three bedrooms, lounge, kitchen, bathroom and office.
Estimated Total Ingoing Costs
£33,234
Estimated Minimum Ingoing Costs
£33,234
Annual Rent
£22,575
Estimated Annual Turnover
£357,019
Deposit
£5,644
Estimated Fixtures & Fittings Value
£17,090
Estimated Stock Valuation
£7,000
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:
Market Street, High Peak, SK23 7HN
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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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