Are you looking for pub tenancy in the Derby area ? Why not run ‘The Chellaston Arms’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Chellaston Arms is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Pub Tenancy In Derby – The Chellaston Arms Is Now Available !
The pub, in a thriving suburb of Derby, is sited opposite a fish and chip shop and a convenience store and next to a recently opened supermarket. Ca. 10,000 adults live within a 20-minute walk.
The site has been closed and is being repositioned in the local marketplace, with a new name, The Chellaston Arms. It will have a complete refurbishment, including a great outdoor space unlike any other in the area, with a new patio area and a feature fire pit.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Pub Tenancy In Derby – The Chellaston Arms Is Now Available !
Pub with Great Potential
The pub, in a thriving suburb of Derby, is sited opposite a fish and chip shop and a convenience store and next to a recently opened supermarket. Ca. 10,000 adults live within a 20-minute walk.
The site has been closed and is being repositioned in the local marketplace, with a new name, The Chellaston Arms. It will have a complete refurbishment, including a great outdoor space unlike any other in the area, with a new patio area and a feature fire pit.
This great locals’ pub will attract a range of customers for different occasions, from after-work drinks to family Sunday lunches and will offer a warm, friendly environment that will bring in people from further afield.
The refurbished outdoor space, with a new patio, fixed seating and feature fire pit, will be one point of difference, and we are looking for someone with fresh and innovative ideas to make the food offering another. With a great drinks package suitable for a mix of occasions, including cask and craft beers.
Pub Guru Wanted
Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.
Features
CATERING KITCHEN
INVESTMENT TENANCY
LIVE SPORTS
CASK ALE
OUTDOOR TRADE
PRIVATE ACCOMMODATION
REFURBISHMENT PLANNED
Trading Area & Facilities
The pub will be redecorated throughout including new carpets, dress curtains, fixed seating bays and a new high-level TV in the lounge. The outdoor space will be transformed with a new patio area with a gas-fired fire pit, pergola and new furniture.
A full new signage and lighting scheme will complement the interior refurbishments.
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. This 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. This applies to all pubs in England & Wales as per The Pub Code (2016).
Private Accommodation
The private accommodation consists of two bedrooms, lounge, kitchen & bathroom and an office. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
Pub Tenancy In Derby – The Chellaston Arms Is Now Available !
Annual Rent £ 39,938
Estimated Tenants Annual Operating Profit £ 40,938
Representative HEINEKEN UK Brand Discount Per Barrel £ 140
Estimated Annual Turnover £ 539,978
Estimated Annual Barrelage
£ 249
* 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
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £ 5,000
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £ 7,000
Deposit Amount £ 9,985
Rent in Advance £ 768
Training Fee £ 425
Estimated Designated Premises Supervisor / Manager Fee £ 50
Premises Licence Fee £ 180
Rates Assessment Fee £ 55
Estimated Legal Fees £ 650
Estimated Total Ingoing Costs £ 24,363
Estimated Minimum Ingoing Costs £ 24,363
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £ 1,837
Estimated Annual Maintenance Compliance Charge £ 1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £ 6108
Estimated Annual Repairs Fund £1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
Pub Tenancy In Derby – The Chellaston Arms Is Now Available !
Pub Guru Wanted
Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to a community-focused pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.
