Pub Overview Full refurbishment of community pub The Northwood offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential. What would you do with this pub to make it even more of a success? The area The pub benefits from being one of the pubs found in an area with a population of around 11,800 in the Northwood ward, with Stoke-on-Trent city having over 250,000 residents. The customer base is made up of young, midlife and mature adults. Northwood, Stoke-on-Trent, is close to local green spaces like Northwood Park, historic pubs such as the ancient Cat Inn, and notable churches like Holy Trinity Church, while major city attractions including the Potteries Museum, bet365 Stadium, Trentham Estate, and Gladstone Pottery Museum are a short drive away, tying into the city's rich ceramic heritage. The offer The Northwood is available on our investment tenancy agreement. Click here for more information on this agreement. With the right operator this could be the best local pub in the community. 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 Northwood will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers. Features Investment Tenancy Pub Games Outdoor Trade Private Accommodation Refurbishment Planned Trading Area & Facilities The pubs trading area and facilities post refurbishment will be: Main trading area with bar HEINEKEN SmartDispense Enclosed beer garden Patio area around the front and side of the venue Private accommodation Pub Games 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, 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 Private accommodation consists of three bedrooms, a living room, kitchen, bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £26,054 Estimated Minimum Ingoing Costs £26,054 Annual Rent £21,616 Estimated Annual Turnover £300,719 Deposit £5,404 Estimated Fixtures & Fittings Value £11,150 Estimated Stock Valuation £6,000 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. Downloads Demographics Report Download arrow Energy Performance Certificate Download arrow Refurbishment Details Download arrow