Run a Star Pub - Farmhouse Eltham - London

Job Details

Pub Overview

The Farmhouse is a traditional community pub with a beer garden.

What would you do with this pub to make it a success?

The area

The Farmhouse is located in Mottingham, a district in the suburb of Eltham, near Chislehurst. The pub is surrounded by residential housing.

Demographics

The pub benefits from being one of only 2 pubs found in an area of around 9,321 adults. The customer base is made up of a mix of young families and midlife carefree adults of median affluence.

The offer

Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a quality drinks offer. What would you look to implement in the pub?

The site currently has the ability to drive trade via drinks offer, pub games, outdoor trade, and community events.

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 pub will have extensive experience in a similar hospitality business. They will have a clear vision for the pub and the ability to create 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...

Features

• Foundation Tenancy
  
• Outdoor Trade
  
• Private Accommodation
  

Trading Area & Facilities

• Beer Garden
• Two separate bar areas/ Split Bar layout
• Traditional Community Pub
• Pub Games Darts/Pool
• Function Room/Conservatory

Private Accommodation

Private accommodation consists of 2 bedrooms, living room, kitchen and bathroom.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£19,315

Estimated Minimum Ingoing Costs

£10,233

Annual Rent

£20,800

Estimated Annual Turnover

£284,592

Deposit

£5,200

Estimated Fixtures & Fittings Value

£5,615

Estimated Stock Valuation

£5,000

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