Pub Overview Premium local pub with large garden. The Cross Keys 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 few pubs found in Old Snydale, a small village close to Normanton and Featherstone, with 3,665 people living within walking distance. The customer base is a good mix of midlife and mature adults. There is very little direct competition in the premium local category, with the nearest similar offer being the wet-only Bradley Arms in North Featherstone. The offer The Cross Keys is available on our investment tenancy agreement. Click here for more information on this agreement. We’re investing to create the best and only premium local with food in the area, attracting both local residents and transient trade from nearby housing and the industrial estate. 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 Cross Keys will have extensive experience in hospitality businesses. They will have a clear vision for their food offer, weekly rhythm and guest experience, 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 Investment Tenancy Private Accommodation Catering Kitchen Outdoor Trade Pub Games Car Park Trading Area & Facilities The Cross Keys will be undergoing a refurbishment which will cover the internal and external areas of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pub’s trading area and facilities post-refurbishment will be: Main trading area with bar 58 internal covers 120 external covers Catering kitchen SmartDispense Beer garden Car park with 8 spaces 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 3 bedrooms, lounge, kitchen and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £35,388 Estimated Minimum Ingoing Costs £35,388 Annual Rent £35,552 Estimated Annual Turnover £479,383 Deposit £8,888 Estimated Fixtures & Fittings Value £18,000 Estimated Stock Valuation £5,000 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