- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- Park Gate Road, Rugeley, WS15 4RN
- Salary
- To be discussed
- Ref
- 1891618278
- Starts
- Closes
Pub Overview
Extensive Refurbishment Planned
The transformational works at the Park Gate Inn, coupled with a new and enticing food offer will create a delightful space where locals will look forward to spending their time. The bar area will be completely refurbished and split into three separate sections called 'The Nook,' 'The Boot Room,' and 'The Garden Room' to create different spaces with their own individual feel for customers. In addition to this, the inviting and varied outdoor areas will draw in customers who want to sit outside in the warmer months.
Well located in the Cannock Wood Village, The Park Gate Inn is perfectly placed to allow the venue to serve a large number of locals within a 4-mile distance. The local area is densely populated with 45,000 people within a 10-minute drive away, and another potential 200,000 customers within a 20-minute drive away. Plus, with limited competition, this will make the newly refurbished bar the go-to place for a relaxing drink or meal.
The pub already has some fantastic natural finishes including stone floors, wooden beams and real fireplaces. The new refurbishment will enhance these features and add to them, helping the venue appeal to a broader range of customers. Whether it's locals looking to relax in the bar, visitors enjoying a day-out or couples wanting to share a delicious meal, The Park Gate Inn will offer something for every type of customer.
To see an example of a recently completed refurbishment click here
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 Park Gate Inn will have extensive experience in a successful hospitality business. They will have a clear vision for their food & drinks menu and 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…
Features
Trading Area & Facilities
Internally the pub already has some fantastic natural finishes including stone floors, wooden beams and real fireplaces. The new refurbishment will enhance these features and add to them, helping the venue appeal to a broader range of customers.
The varied outdoor areas will draw in customers who want to sit outside in the warmer months.
Please 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
Private Accommodation
The private accommodation consists of 3 bedrooms, lounge, 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 £
46,306
Estimated Annual Turnover £
635,223
Deposit £
11,576
Estimated Fixtures & Fittings Value £
30,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
55,076
Estimated Minimum Ingoing Costs £
55,076
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.
Extensive Refurbishment Planned
The transformational works at the Park Gate Inn, coupled with a new and enticing food offer will create a delightful space where locals will look forward to spending their time. The bar area will be completely refurbished and split into three separate sections called 'The Nook,' 'The Boot Room,' and 'The Garden Room' to create different spaces with their own individual feel for customers. In addition to this, the inviting and varied outdoor areas will draw in customers who want to sit outside in the warmer months.
Well located in the Cannock Wood Village, The Park Gate Inn is perfectly placed to allow the venue to serve a large number of locals within a 4-mile distance. The local area is densely populated with 45,000 people within a 10-minute drive away, and another potential 200,000 customers within a 20-minute drive away. Plus, with limited competition, this will make the newly refurbished bar the go-to place for a relaxing drink or meal.
The pub already has some fantastic natural finishes including stone floors, wooden beams and real fireplaces. The new refurbishment will enhance these features and add to them, helping the venue appeal to a broader range of customers. Whether it's locals looking to relax in the bar, visitors enjoying a day-out or couples wanting to share a delicious meal, The Park Gate Inn will offer something for every type of customer.
To see an example of a recently completed refurbishment click here
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 Park Gate Inn will have extensive experience in a successful hospitality business. They will have a clear vision for their food & drinks menu and 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…
Features
- Catering Kitchen
- Investment Tenancy
- Car Park
- Outdoor Trade
- Private Accommodation
- Refurbishment Planned
- Monthly Billing
- Weekly Billing
Trading Area & Facilities
Internally the pub already has some fantastic natural finishes including stone floors, wooden beams and real fireplaces. The new refurbishment will enhance these features and add to them, helping the venue appeal to a broader range of customers.
The varied outdoor areas will draw in customers who want to sit outside in the warmer months.
Please 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
Private Accommodation
The private accommodation consists of 3 bedrooms, lounge, 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 £
46,306
Estimated Annual Turnover £
635,223
Deposit £
11,576
Estimated Fixtures & Fittings Value £
30,000
Estimated Stock Valuation £
10,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
55,076
Estimated Minimum Ingoing Costs £
55,076
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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