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Run a star pub - black swan burnbridge - harrogate

Harrogate
Posted: 15h ago
Offer description

Pub Overview The Black Swan 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 the only pub in an area of around 2,500 adults. The affluent customer base is made up of young, midlife and mature adults. The offer The Black Swan is available on our investment tenancy agreement. Click here for more information on this agreement. We’re investing in a major revamp of The Black Swan in Burn Bridge-enhancing its Victorian charm inside and boosting curb appeal outside. With 100 indoor covers and 82 in a sunny garden, it’s perfectly placed to serve both locals and visitors. As the only pub in an affluent, fast-growing village near Harrogate, with no nearby rivals, this is a rare opportunity. We’re seeking an experienced operator to lead a strong food-focused business on a standout, fully upgraded site. Ready to run a pub set up for success? Let’s talk. 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 Black Swan will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, 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 Outdoor Trade Catering Kitchen Trading Area & Facilities The Black Swan will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pubs trading area and facilities post refurbishment will be: Main trading area with bar Zoned dining rooms 100 internal covers 82 external covers Catering kitchen SmartDispense 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 Yes - TBC Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £53,468 Estimated Minimum Ingoing Costs £53,468 Annual Rent £75,073 Estimated Annual Turnover £771,912 Deposit £18,768 Estimated Fixtures & Fittings Value £25,000 Estimated Stock Valuation £6,200 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

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