- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- The Village, Kidderminster, DY11 7TD
- Salary
- To be discussed
- Ref
- 383188311
- Starts
- Closes
Pub Overview
Affluent location
The White Hart is located in Hartlebury. Hartlebury is a village and civil parish in the Wychavon district of Worcestershire,. It is 4 miles south of Kidderminster. The pub itself is close to Hartlebury Castle . It is surrounded by strong demographics, with c500 adults living within a 10 minute walk, consisting of mostly high affluence. There is no competition in the immediate area. The nearest pub is a 15-minute walk away.
Tap into this pubs potetnial
The White Hart is a pub with fantastic potential. The planned refurbishment will allow a new licensee to capitalise upon this with the full internal and external re-decoration. The existing kitchen is in great condition, to allow for a fantastic, traditional home-cooked food menu. All we are looking for is the right operator that understand community pubs….
Features
Trading Area & Facilities
Fantastic refurbishment planned
A sympthetic refurbishment will transform the White Hart into a premium local pub. The proposed investment will allow for Star Pubs & Bars to refresh the bar servery, add a new back bar, as well as new flooring. The entire interior of the pub will undergo a re-decoration and will benefit from new fixtured and fittings.
Externally, we will be giving the pub an all-new look and feel, by installing attractive signage and lighting to increase the pubs kerb appeal. We will also renovate the existing garden space to create a real focal point for the village and passing trade.
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Pub Financials
Annual Rent £
25,520
Estimated Annual Turnover £
375,277
Deposit £
6,380
Estimated Fixtures & Fittings Value £
10,000
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Minimum Ingoing Costs £
23,880
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.
Affluent location
The White Hart is located in Hartlebury. Hartlebury is a village and civil parish in the Wychavon district of Worcestershire,. It is 4 miles south of Kidderminster. The pub itself is close to Hartlebury Castle . It is surrounded by strong demographics, with c500 adults living within a 10 minute walk, consisting of mostly high affluence. There is no competition in the immediate area. The nearest pub is a 15-minute walk away.
Tap into this pubs potetnial
The White Hart is a pub with fantastic potential. The planned refurbishment will allow a new licensee to capitalise upon this with the full internal and external re-decoration. The existing kitchen is in great condition, to allow for a fantastic, traditional home-cooked food menu. All we are looking for is the right operator that understand community pubs….
Features
- Catering Kitchen
- Investment Tenancy
- Car Park
- Cask Ale
- Outdoor Trade
- Private Accommodation
- Refurbishment Planned
Trading Area & Facilities
Fantastic refurbishment planned
A sympthetic refurbishment will transform the White Hart into a premium local pub. The proposed investment will allow for Star Pubs & Bars to refresh the bar servery, add a new back bar, as well as new flooring. The entire interior of the pub will undergo a re-decoration and will benefit from new fixtured and fittings.
Externally, we will be giving the pub an all-new look and feel, by installing attractive signage and lighting to increase the pubs kerb appeal. We will also renovate the existing garden space to create a real focal point for the village and passing trade.
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Pub Financials
Annual Rent £
25,520
Estimated Annual Turnover £
375,277
Deposit £
6,380
Estimated Fixtures & Fittings Value £
10,000
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Minimum Ingoing Costs £
23,880
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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