If you are looking to lease a pub in Plymouth, you could run The Stoke Inn !
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Lease A Pub In Plymouth – Run The Stoke Inn !
Lease A Pub In Plymouth – Run The Stoke Inn !
The Stoke Inn will be refurbished to become a premium community led pub. Inside, the pub will be redecorated throughout the trading areas which includes the bar and bar servery and bar areas. The toilets will receive full redecorations and upgrades. There will also be the addition of a new back of house office, to allow the new operator to manage their pub.
Outside the pub there will be a complete redecoration with upgrades to the existing garden, new lighting and new signage to enhance the pubs kerb appeal.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Overview
Fantastic refurbishment planned
The Stoke Inn will be refurbished to become a premium community led pub. Inside, the pub will be redecorated throughout the trading areas which includes the bar and bar servery and bar areas. The toilets will receive full redecorations and upgrades. There will also be the addition of a new back of house office, to allow the new operator to manage their pub.
Outside the pub there will be a complete redecoration with upgrades to the existing garden, new lighting and new signage to enhance the pubs kerb appeal.
Community focused
The Stoke Inn is located in Stoke, a large suburb in Plymouth. In terms of demographics, there are 9000 people live within a 10-minute walk with preferences for drinking in a High St/ Community Pub and approx. 4,300 people are looking for that Community experience. There is also a base for naval officers consisting of 19th century villas, a short walk from the centre of the nearby Devonport.
A pub business with potential
The Stoke Inn will operate as a community favourite once refurbished. The planned investment will allow us to fully re-decorate the pub and give the locals a reason to visit. A tried and tested drinks menu will be created for the pub. This will give the pub the ability to appeal to a broad spectrum of consumers and the best drinks-led site in the area. All we’re looking for is the right operator to execute this pub excellent potential…
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 Stoke Inn will have extensive experience in hospitality businesses. They will have a clear vision for their food & drinks menu, 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…
Lease A Pub In Plymouth – Run The Stoke Inn !
Target customers:
When refurbished, the Stoke Inn will appeal to a very broad spectrum of customers, including:
The local community – a broad consensus of ages and with an appealing garden & families in summer
Sports fans looking to watch live sport or play pub games with a drink or a bite to eat
Offer:
When refurbished, the Stoke Inn will offer:
Classic lager through to craft & cask Ales, premium and favourite spirits and a range of cocktails
A small, classic pub food menu
Coffee and Wi-Fi
A focus on live sports
Entertainment as part of the rhythm of the week such as live music, quizzes and charity events
Trading Area & Facilities
The Stoke Inn will be undergoing a refurbishment which will cover the 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 pubs trading area and facilities post refurbishment will be:
Main trading area with bar
Separate dining room
39 internal covers
Small kitchen Area
Function room
Smart Dispense
Beer garden
Pool table and Darts Board
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 3 bedrooms, a living room, kitchen, bathroom.
Pub Financials
Annual Rent £26,270
Estimated Annual Turnover £342,660
Deposit £6,568
Estimated Fixtures & Fittings Value £15,000
Estimated Stock Valuation £5,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £30,068
Estimated Minimum Ingoing Costs £30,068
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.
The right operator for the Stoke Inn will have extensive experience in hospitality businesses. They will have a clear vision for their food & drinks menu, 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…
