Pub Overview
Major refurbishment to quality community pub. What would you do with this pub to make it even more of a success?
The Area
The Cranemakers is located in Carlisle, just outside the town centre on a very busy road. The pub benefits from being one of 18 pubs found in an area of around 4,739 adults within a ten-minute walk and 17,297 within a twenty-minute walk. The local customer base is made up of young, midlife and mature adults. The pub is well positioned close to the University of Cumbria, retail park and the town centre, benefiting from access to young locals, visitors and students.
The Offer
The Cranemakers is available on our investment tenancy agreement. Click here for more information on this agreement.
The refurbishment will create a quality community pub with food, featuring HUK’s drinks range, pub favourites, and a coffee pod offer. Entertainment will include a rhythm of the week, quiz and live 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 Cranemakers will have extensive experience in high street hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy 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
* Refurbishment Planned
* Catering Kitchen
* Car Park
* Outdoor Trade
Trading Area & Facilities
The Cranemakers will be undergoing a full refurbishment which will cover all rooms and toilets.
A full list of works and pub floor plan can be found in the refurbishment details in the downloads.
The pub’s trading areas and facilities post-refurbishment will be:
* Main trading area with bar.
* 53 internal covers.
* 36 external covers.
* Catering kitchen.
* HEINEKEN SmartDispense®.
* Beer garden.
* Car park with 5 spaces.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 2 bedrooms, a lounge, kitchen and a bathroom.
Pub Financials
Estimated Total Ingoing Costs: £37,127
Estimated Minimum Ingoing Costs: £37,127
Annual Rent: £26,509
Estimated Annual Turnover: £397,241
Deposit: £6,627
Estimated Fixtures & Fittings Value: £22,000
Estimated Stock Valuation: £5,000
Estimated Working Capital: £3,500
All figures quoted are exclusive of VAT. 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.
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