Pub Overview
A charming, long-standing countryside pub with a rustic feel and stunning views over open fields.
What would you do with this pub to make it even more of a success?
The area
The White Hart is located in the village of Stanley, close to Ilkeston and Derby. The pub is surrounded by rural housing.
The pub benefits from being the only pub in the village with an adult population of 400. Its countryside location attracts customers from the surrounding towns and villages.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a strong Wet 60/dry 40 split food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a pub classic menu, live entertainment, and offers a selection of popular beers, ciders, wines and spirits, cask ales, and coffees.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:
* Understanding of the local community
* You know what it takes to build a successful business
* You love hospitality and are great with 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
* Function Room
* Cask Ale
* Outdoor Trade
* Private Accommodation
* Car Park
Trading Area & Facilities
* Main trading area with bar and dining covers throughout
* Open Fire
* Conservatory with views to the beer garden and neighbouring field
* 70 internal covers
* 70 external covers
* Well equipped kitchen
* Function room/additional dining area
* Large downstairs office
* Large outdoor trading area
* Car park with 30 spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, and bathroom.
Pub Financials
Estimated Total Ingoing Costs: £51,293
Estimated Minimum Ingoing Costs: £13,667
Annual Rent: £26,001
Estimated Annual Turnover: £381,514
Deposit: £2,167
Estimated Fixtures & Fittings Value: £33,293
Estimated Stock Valuation: £8,000
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.
Downloads
* Demographics Report
* Energy Performance Certificate
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