- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- Cambridge Terrace, Scarborough, YO11 2LQ
- Salary
- To be discussed
- Ref
- 1814509294
- Starts
- Closes
Pub Overview
Fantastic Traditional Pub in Scarborough
The Cask Inn is a traditional mainstream pub located in the popular seaside town of Scarborough and within a short 10-minute walk of the seafront. Scarborough sits on the North Sea Coast in North Yorkshire and is the largest holiday resort on the Yorkshire Coast. The pub sits in a residential area just outside the centre of the town, with a variety of guest houses and hotels surrounding it. As a result, the Cask Inn enjoys good core local support with additional trade in the summer months and from functions.
The Cask Inn currently provides a pub classic food offer, served alongside its predominant wet-trade, which includes a selection of cask ales. The pub shows live sports, hosts the Scarborough Hockey Club and utilises the function room for a variety of events, from private functions to live music, including popular Jazz nights. The current offer works well, but there is opportunity for the new operator to introduce some fresh ideas to drive additional trade.
Experienced Business Operator with a Passion for People Wanted
We are looking for an operator with experience in operating a multi-faceted business and able to engage with both the local community and a wider audience. Simple food knowledge is preferable, but you must have a strong marketing flair coupled with good business understanding.
Features
Trading Area & Facilities
Internally, the Cask Inn has a traditional pub interior with great features such as exposed ceiling beams, exposed brickwork and a fireplace giving the pub an appealing classic feel. The pub is split over 2 floors, with the public bar on the ground floor featuring a mixture of seating around the bar, a separate sunroom and a small separate room suitable for meetings or overflow from the main drinking area. The basement is a function room with its own bar and set-up for live entertainment.
The pub's kitchen is fully operational and can cater for approximately 70 covers.
Externally, the pub sits on a prominent corner plot and the 4-storey red-brick building has real kerb appeal. There is beer garden to the front with picnic benches to make the most of the summer months.
Private Accommodation
There is no private accommodation. (The floors above the pub are not in a usable condition)
Pub Financials
Annual Rent £
25,612
Estimated Annual Turnover £
425,011
Deposit £
6,403
Estimated Fixtures & Fittings Value £
11,045
Estimated Stock Valuation £
7,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
27,948
Estimated Minimum Ingoing Costs £
12,634
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.
Fantastic Traditional Pub in Scarborough
The Cask Inn is a traditional mainstream pub located in the popular seaside town of Scarborough and within a short 10-minute walk of the seafront. Scarborough sits on the North Sea Coast in North Yorkshire and is the largest holiday resort on the Yorkshire Coast. The pub sits in a residential area just outside the centre of the town, with a variety of guest houses and hotels surrounding it. As a result, the Cask Inn enjoys good core local support with additional trade in the summer months and from functions.
The Cask Inn currently provides a pub classic food offer, served alongside its predominant wet-trade, which includes a selection of cask ales. The pub shows live sports, hosts the Scarborough Hockey Club and utilises the function room for a variety of events, from private functions to live music, including popular Jazz nights. The current offer works well, but there is opportunity for the new operator to introduce some fresh ideas to drive additional trade.
Experienced Business Operator with a Passion for People Wanted
We are looking for an operator with experience in operating a multi-faceted business and able to engage with both the local community and a wider audience. Simple food knowledge is preferable, but you must have a strong marketing flair coupled with good business understanding.
Features
- Catering Kitchen
- Foundation Tenancy
- Function Room
- Live Sports
- Music Venue
- Outdoor Trade
- Weekly Billing
Trading Area & Facilities
Internally, the Cask Inn has a traditional pub interior with great features such as exposed ceiling beams, exposed brickwork and a fireplace giving the pub an appealing classic feel. The pub is split over 2 floors, with the public bar on the ground floor featuring a mixture of seating around the bar, a separate sunroom and a small separate room suitable for meetings or overflow from the main drinking area. The basement is a function room with its own bar and set-up for live entertainment.
The pub's kitchen is fully operational and can cater for approximately 70 covers.
Externally, the pub sits on a prominent corner plot and the 4-storey red-brick building has real kerb appeal. There is beer garden to the front with picnic benches to make the most of the summer months.
Private Accommodation
There is no private accommodation. (The floors above the pub are not in a usable condition)
Pub Financials
Annual Rent £
25,612
Estimated Annual Turnover £
425,011
Deposit £
6,403
Estimated Fixtures & Fittings Value £
11,045
Estimated Stock Valuation £
7,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
27,948
Estimated Minimum Ingoing Costs £
12,634
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.
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