Run a Star Pub - Three Fiddles Guisborough - Guisborough

Star Pubs Leased & Tenancy; Guisborough; On-site; GBP 33,000 - 70,000; Full time

Job description

Pub Overview

Fantastic Refurbishment Planned

The Three Fiddles is an attractive stone-built pub on Westgate in Guisborough, a picturesque market town. Star Pubs & Bars is planning a major refurbishment with works being undertaken both internally and externally. Post-works, the Three Fiddles will be THE go-to Premium Local in town for residents and tourists alike. Check out the details by downloading the “Refurbishment Details” document.

The Three Fiddles is undergoing a major refurbishment, starting with an internal revamp. The trade areas will be redecorated with new carpets, repolished woodwork, and new tiles for the WCs. The existing lighting will be cleaned and re-bulbed. Existing fixed seating will be partly recovered and new loose furniture added where necessary.

Externally, the pub will also have a makeover. New external decorations and refurbishment of the existing signage will signal the change, as well as a full overhaul of the walled beer garden in order to maximize custom throughout the year. The refurbishment will have a transformational effect, ensuring patrons have a premium local pub with an inviting atmosphere and welcoming vibes.

Tourist Town Location

The Three Fiddles is located in Guisborough, a picturesque market town in Redcar & Cleveland. Cobbled on-street parking runs along the road to enable visitors to explore the town. With 18,000 adults within 20 minutes, there's plenty of opportunity for the pub to stand out. There is a busy circuit of pubs within walking distance, but a limited number are Premium Locals up to the standard of the Three Fiddles post-refurbishment.

Target Customers:

When refurbished, the Three Fiddles will appeal to:

• Local Residents
• Tourists
• Friends & Colleagues

Offer:

When refurbished, the Three Fiddles will offer:

• A quality drinks range including cask ales
• A simple food offer done well at a great price point
• Televised sports and rhythm of the week entertainment

We’re always open to new ideas, what would you do to drive trade?

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 Three Fiddles will have extensive experience in premium hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy, and entertainment 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

• Refurbishment Planned
• Investment Tenancy
• Catering Kitchen
• Live Sports
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

The Three Fiddles will benefit from a full refurbishment with works being done both internally and externally. For a full summary of planned works, please review the 'Refurbishment Details' in the downloads section.

The pub's trading area and facilities post-refurbishment will be:

• Main trading area with bar
• Separate dining room
• 82 internal covers
• 58 external covers
• Catering kitchen

Private Accommodation

To be confirmed.

Pub Financials

Estimated Total Ingoing Costs: £50,475

Estimated Minimum Ingoing Costs: £50,475

Annual Rent: £33,490

Estimated Annual Turnover: £525,106

Deposit: £8,372

Estimated Fixtures & Fittings Value: £30,525

Estimated Stock Valuation: £8,078

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 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.

Downloads

• Demographics Report
• Energy Performance Certificate
• Refurbishment Details