Ye Olde Spa Inn Derby

204 Abbey Street, Derby, Derby DE22 3SU

  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby
  • Ye Olde Spa Inn Derby

Ye Olde Spa Inn Derby

Historic 18th Century Pub for Lease!

Ye Olde Spar is a deceptively large pub surrounded by residential property and is just a few minutes walk away from Derby city centre. The pub is the perfect setting for a multidimensional offer that takes in everything from a Sunday Carvery to televised sports and live music. Ye Older Spa has period feature in keeping with it's illustrious history and also has a pleasant outside trading area complete with 12 parking spaces.

Publican with a passion for cask ales wanted.

You"ll realise the importance of high catering standards in this competitive part of town and have experience in events management in order to drive the functions and entertainment income streams.

Pub Features

  • Business Start-Up Agreement
  • Function Room
  • Music Venue
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Ye Olde Spar is a large pub with a trading area that has several nooks situated of the main bar and a function room that can either be used for parties and events or as an overspill for dining. The pub boasts period features including a tiled floor and open fireplace. The catering kitchen and dining space can easily support circa 50 covers.

Outside there is a pleasant grassed area with picnic style seating and 12 parking spaces.

Private Accommodation

The private accommodation consists of three 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
07:00 - 00:30 07:00 - 01:00 07:00 - 01:00 07:00 - 01:00 07:00 - 01:00 07:00 - 01:00 07:00 - 01:00

Financials

Annual Rent £
12,500
Estimated Annual FMOP (Licensee Profit) £
15,029
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
185,879
Estimated Annual Barrelage
141

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 £
2,230
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
240
Training Fee £
3,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
10,655
Estimated Minimum Ingoing Costs £
9,227

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 £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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