- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- 29, Hoole Lane, Chester, CH2 3DU
- Salary
- To be discussed
- Ref
- 1604099723
- Starts
- Closes
Pub Overview
Transformational refurbishment planned to create a modern craft & cask led, locals ale house.
What would you do with this pub to make it a success?
The area
The Lock Vaults is in the affluent Chester suburb of Hoole, often referred to as the Nottinghill of Chester. The site is a short walk from the shops and amenities on Hoole High Street and next to the Shropshire Union Canal. The area directly surrounding the pub has seen massive investment in recent years to transform the industrial canal area into a thriving Canal Side with numerous blocks of flats, home to the many young professionals that live in this area.
The offer
The Lock Vaults is available on our investment tenancy agreement. Click here for more information on this agreement .
When refurbished, the Lock Vaults will offer:
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 Lock Vaults will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu 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 pubs next chapter…
Features
Trading Area & Facilities
Retain existing counter and backfitting, modify front counter near entrance.
Decorations to bar front cladding, upgradExternal
Re-decorate complete, including pre-paint repairs
New signage & lighting scheme
Repairs to replace all ground floor windows with new including double glazed units.
Repairs to existing render / steelwork lintels / timber strap details
New aluminium bi-fold doors to window openings to corner of building including new balustrade.
Clear existing rear yard areas
Repairs to existing fire escape door
Loungee backfitting with new displays, new overbar glass storage
Allow for timber floor to lounge area, new tiled floor to transition area
Allow to re-sand existing timber flooring to main bar area
New matting to lobbies and kitchen access
New feature fireplace and feature metal frame shelving to lounge area
Overhaul existing shelving display
Hack off plasterwork to expose brickwork to feature wall areas.
Re-decorate complete
Trade Kitchen
New equipment layout & extraction in line with Kitchen Specialist plans
New ceiling, saniclad / ss cladding to all walls
New altro flooring
New lighting and services in line with layout
Gents Toilets
New ceiling, re-tile walls to dado level, new sanitaryware including new pod urinals
Re-decorate complete
New tiled flooring, new ironmongery to doors
New radiator, lighting and ventilation
New vanity unit
Ladies Toilets
New ceiling, re-tile walls to dado level, new sanitaryware
Re-decorate complete
New tiled flooring, new ironmongery to doors
New radiator, lighting and ventilation
Accessible WC
Allow to clean and minor repairs, new altro flooring
Re-decorate complete
New radar lock
Cellar
Decorations to cellar areas
Replace sump pump, new cellar cooling and new cellar drop flaps
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the recruitment 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 and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Pub Financials
Annual Rent £
37,017
Estimated Annual Turnover £
462,034
Deposit £
9,254
Estimated Fixtures & Fittings Value £
40,483
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
58,237
Estimated Minimum Ingoing Costs £
58,237
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.
Transformational refurbishment planned to create a modern craft & cask led, locals ale house.
What would you do with this pub to make it a success?
The area
The Lock Vaults is in the affluent Chester suburb of Hoole, often referred to as the Nottinghill of Chester. The site is a short walk from the shops and amenities on Hoole High Street and next to the Shropshire Union Canal. The area directly surrounding the pub has seen massive investment in recent years to transform the industrial canal area into a thriving Canal Side with numerous blocks of flats, home to the many young professionals that live in this area.
The offer
The Lock Vaults is available on our investment tenancy agreement. Click here for more information on this agreement .
When refurbished, the Lock Vaults will offer:
- Cask ale, craft beers, premium lagers alongside a premium range of spirits and cocktails.
- Artisan pizza's with simple sides. Perfect for those 'with beer' occasions.
- Barista style coffee to encourage locals working from home to use the pub during the day.
- Entertainment such as quizzes and occasional live music.
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 Lock Vaults will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu 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 pubs next chapter…
Features
- Catering Kitchen
- Private Accommodation
- Refurbishment Planned
- Investment Tenancy
- Cask Ale
Trading Area & Facilities
Retain existing counter and backfitting, modify front counter near entrance.
Decorations to bar front cladding, upgradExternal
Re-decorate complete, including pre-paint repairs
New signage & lighting scheme
Repairs to replace all ground floor windows with new including double glazed units.
Repairs to existing render / steelwork lintels / timber strap details
New aluminium bi-fold doors to window openings to corner of building including new balustrade.
Clear existing rear yard areas
Repairs to existing fire escape door
Loungee backfitting with new displays, new overbar glass storage
Allow for timber floor to lounge area, new tiled floor to transition area
Allow to re-sand existing timber flooring to main bar area
New matting to lobbies and kitchen access
New feature fireplace and feature metal frame shelving to lounge area
Overhaul existing shelving display
Hack off plasterwork to expose brickwork to feature wall areas.
Re-decorate complete
Trade Kitchen
New equipment layout & extraction in line with Kitchen Specialist plans
New ceiling, saniclad / ss cladding to all walls
New altro flooring
New lighting and services in line with layout
Gents Toilets
New ceiling, re-tile walls to dado level, new sanitaryware including new pod urinals
Re-decorate complete
New tiled flooring, new ironmongery to doors
New radiator, lighting and ventilation
New vanity unit
Ladies Toilets
New ceiling, re-tile walls to dado level, new sanitaryware
Re-decorate complete
New tiled flooring, new ironmongery to doors
New radiator, lighting and ventilation
Accessible WC
Allow to clean and minor repairs, new altro flooring
Re-decorate complete
New radar lock
Cellar
Decorations to cellar areas
Replace sump pump, new cellar cooling and new cellar drop flaps
Please be aware that all refurbishments are subject to final board approval which will be determined as part of the recruitment 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 and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Pub Financials
Annual Rent £
37,017
Estimated Annual Turnover £
462,034
Deposit £
9,254
Estimated Fixtures & Fittings Value £
40,483
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
58,237
Estimated Minimum Ingoing Costs £
58,237
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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