Pub Overview An extensive refurbishment will transform the Ship Inn Thursby into a quality pub for customers to enjoy. This is an excellent business opportunity in a great location, perfect for engaging with the local community and a great destination venue. Refurbishment planned to a beautiful pub in affluent village location. The area The Ship in Thursby is nestled in a charming, well-off village in Cumbria, with no direct competition nearby. It's a well-located pub, right in the heart of the village, providing easy access to the 747 adults within a short walking distance. We're aiming to create a welcoming, traditional pub that stands out as a destination for quality food, drawing in affluent couples and families looking for a relaxing, village atmosphere. The Offer Drinks : The Ship Inn will offer a wide range of drinks, including premium lagers, ciders, spirits, quality wines, along with a great range of soft drinks and low & no options. This variety caters to everyone, from regulars enjoying beers to visitors seeking a more premium experience, ensuring the pub appeals to a broad audience. Food: Offer a full destination food menu at the pub. Specials will highlight the best of the region, while the core menu will cater to all tastes, from casual bites to more refined meals. Coffee: Quality coffee can be offered, attracting to daytime visitors and non-drinkers, broadening the pub’s appeal. Events: The pub will low-key village events, which will create a vibrant atmosphere and will drive a healthy rhythm of the week The Ship Inn Thursby is available on our Investment agreement. Click here for more information on this agreement. 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 Ship Inn Thursby will have extensive experience in a destination food hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment 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 pubs next chapter The Ship Inn Thursby will be undergoing a refurbishment which will cover the interior and the exterior of the pub and the refurbishment plans will be shared very soon. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. Features Refurbishment Planned Investment Tenancy Catering Kitchen Car Park Private Accommodation Trading Area & Facilities The pubs trading area and facilities post refurbishment will be: Main trading area with bar Separate dining room 66 internal covers Catering kitchen Car park with 40 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 & Bars, 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 2 bedrooms, a living room, kitchen and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £62,035 Estimated Minimum Ingoing Costs £62,035 Annual Rent £54,140 Estimated Annual Turnover £598,543 Deposit £13,535 Estimated Fixtures & Fittings Value £35,000 Estimated Stock Valuation £10,000 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