Pub Overview Major refurbishment to seaside premium local The area The pub is located in the North Yorkshire tourist hotspot of Flamborough. The area benefits from a large and increasing number of tourists staying in and near the village and visiting for the day, as well as a mature, stable population through the winter. There are 1,657 residents within a 10-minute walk. There are four other pubs within a 15-minute walk, with the Royal Dog and Duck being the closest. The offer The Ship Inn is available on our investment tenancy agreement. Click here to learn more about our agreements. 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 Ship Inn will have extensive experience in hospitality businesses. They will have a clear vision for their food menu and drinks offer, marketing strategy and entertainment offer, and be able to 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 Investment Tenancy Refurbishment Planned Catering Kitchen Outdoor Trade Car Park Trading Area & Facilities The Ship Inn will be undergoing a refurbishment which will cover the full interior and exterior of the pub. The pub’s trading area and facilities post-refurbishment will be: Main trading area with bar 86 internal covers 44 external covers Catering kitchen HEINEKEN SmartDispense Beer garden Car park 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 2 bedrooms, kitchen, bathroom, and a living room. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £53,338 Estimated Minimum Ingoing Costs £53,338 Annual Rent £36,453 Estimated Annual Turnover £583,046 Deposit £9,113 Estimated Fixtures & Fittings Value £32,000 Estimated Stock Valuation £8,725 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