Pub Overview
Premium refurbishment of cricket green pub
What would you do with this pub to make it even more of a success?
The Area:
The pub benefits from being one of two pubs found in an area of around 1,087 adults. The customer base is made up of affluent residents, typically 45+, alongside tourists, cyclists, dog walkers and cricket fans. Located in Hartley Wintney, Hampshire, the Cricketers sits right on the cricket green overlooking the pitch, just off the high street in a picturesque village setting.
The Offer:
The Cricketers is available on our investment tenancy agreement. Click here for more information on this agreement. This will be a flagship site for Star Pubs, fully refurbished and transformed to create the best pub in the area for both drinks and traditional food. The cellar conversion will add to the trading space, increasing capacity to 89 internal covers and 150 external covers in the upgraded garden.
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 Cricketers will have extensive experience in 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.
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
* Live Sports
* Private Accommodation
Trading Area & Facilities
The Cricketers will be undergoing a refurbishment which will cover the full 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 pub’s trading area and facilities post refurbishment will be:
* Main trading area with bar
* 89 internal covers
* 150 external covers
* Catering kitchen
* HEINEKEN SmartDispense
* Garden with new garden room
* Sky Sports and TNT Sports
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 is available.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£133,871
Estimated Minimum Ingoing Costs
£133,871
Annual Rent
£80,000
Estimated Annual Turnover
£958,843
Deposit
£20,000
Estimated Fixtures & Fittings Value
£95,371
Estimated Stock Valuation
£15,000
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
* Refurbishment Details Download arrow