Star Pubs Leased & Tenancy Careers
The Highlander is a community-oriented pub located in Merritt's Hill, Birmingham, near Solihull. With a surrounding population of 4,271 adults and limited competition, the pub presents a unique opportunity for a new operator. It offers a wet-only service with a diverse selection of beverages and facilities for live sports, pub games, and community activities. The operator should possess significant experience in hospitality and a strong marketing and entertainment strategy. The financials include an annual rent of £14,400 and estimated turnover of £235,166, alongside various startup costs. Applicants need to demonstrate adequate funding and innovative ideas for driving trade.
Pub Overview
Fantastic opportunity to take over a community focused pub. What would you do with this pub to make it a success?
The Area:
The Highlander is situated in Merritt’s Hill Birmingham. Near Solihull. The area is made up of 4,271 adults within a 10-minute walk from the front door of the pub. There is only 6 other licenced premises within a 20-minute radius of The Highlander. The pub is surrounded by a mix of residential properties. The main customer base is made up of young, midlife, and mature adults.
The offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. This wet-only pub boasts an excellent selection of beers, lagers, ciders, wines, and spirits.
The site currently has the ability to drive trade via live sports, selection of pubs games, such as pool and darts and pub games machines. Also by driving community based activities and sports teams.
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 pub will have extensive experience in a community led hospitality business. They will have a clear vision for their marketing strategy, entertainment offer and sports offer 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
- Foundation Tenancy
- Outdoor Trade
- Car Park
- Live Sports
- Pub Games
- Private Accommodation
Trading Area & Facilities
- Lobby leading to bar
- Lounge/function room to rear
- Pool & Darts Board
- Lawn area to front
- Parking for 25 people
Private Accommodation
The private accommodation consists of four bedrooms, kitchen, lounge, bathroom and office.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£18,600
Estimated Minimum Ingoing Costs
£7,700
Annual Rent
£14,400
Estimated Annual Turnover
£235,166
Deposit
£3,600
Estimated Fixtures & Fittings Value
£8,500
Estimated Stock Valuation
£3,000
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
Source ⇲
joblookup.com