Run a Star Pub - Safe Harbour Witton - Birmingham

Star Pubs Leased & Tenancy; Birmingham; On-site; GBP 19,000 - 28,000; Full time

Job description

Pub Overview

The Safe Harbour is located in the thriving suburb of Birmingham Witton directly opposite the cemetery and close to Aston Villa Football Club and King Standing. The pub is surrounded by residential housing with a few commercial premises nearby.

The pub benefits from being one of the only pubs found in an area of around 1134 adults. The main customer base is made up of full-time employed adults and retired adults.

Available on our foundation tenancy agreement. The potential of this pub lies in reintroducing sports and community trade.

The site currently can drive trade via live sports, a selection of pub games, such as pool and pub games machines. It offers a selection of beers, ciders, wines, and spirits.

The right operator for the pub will have experience in a similar hospitality business. A community operator that can build and increase match day trade.

They will have a clear vision for their drinks menu and sports offer 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...

Features

• Foundation Tenancy
• Live Sports
• Outdoor Trade
• Private Accommodation
• Pub Games
• Car Park

Trading Area & Facilities

• Two bar operation
• Separate lounge
• Part enclosed beer garden
• Open grass drinking area

Private Accommodation

Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £27,588

Estimated Minimum Ingoing Costs: £19,863

Annual Rent: £16,350

Estimated Annual Turnover: £267,799

Deposit: £4,088

Estimated Fixtures & Fittings Value: £15,000

Estimated Stock Valuation: £5,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized 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 finalized 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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' 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 of £10,000 un-borrowed funds.

Downloads

• Demographics Report Download
• Energy Performance Certificate Download