The site is already set up to drive trade through community events, live entertainment, live sports, and its selection of popular beers, ciders, wines, spirits, and coffees.
If you have experience running or owning a pub business, we'd love to hear about the skills and knowledge you can bring to this opportunity. The right operator will have extensive experience in a similar pub or hospitality business. They will bring a clear vision for the food and drinks menu, a solid marketing strategy, and an entertainment offer that delivers a memorable experience for customers.
The Apple Tree is situated on a busy road at the entrance to several residential estates in a densely populated area. Surrounded by an abundance of local amenities, the pub benefits from high passing footfall. With little competition nearby, there's a significant opportunity to expand its local customer base. Demographics within a 10-minute walk of the pub indicate approximately 6,526 adults, primarily older families and retirees, offering a strong local community to tap into.
Key Features:
1. Foundation Tenancy
2. Catering Kitchen
3. Live Sports
4. Outdoor Trade
5. Pub Games
Trading Area & Facilities:
1. Main trading area with bar
2. 60 internal covers
3. 40 external covers
4. Catering kitchen
5. Large beer garden at the front of the pub
Private Accommodation:
Private accommodation to be confirmed.
Pub Financials:
Estimated Total Ingoing Costs: £57,926
Estimated Minimum Ingoing Costs: £12,309
Annual Rent: £33,705
Estimated Annual Turnover: £433,654
Deposit: £8,426
Estimated Fixtures & Fittings Value: £40,000
Estimated Stock Valuation: £6,000
Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalized 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 finalized 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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