Junction Wombwell

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Pub Overview

£180,000 Investment Planned

The Junction is a charming pub that benefits from an accessible location and good demographics. Over 8,000 adults live within walking distance to the pub and there are several new housing developments in the area.

We now plan to invest in The Junction, a former restaurant, to create a modern premium local. Our investment will reposition the pub from a restaurant to a community pub that serves great food.

The new operator of the pub should build on The Junction's historical reputation for good food by offering a homecooked, casual dining menu. Couple this with a variety of premium on trend drinks and a clear calendar of events to appeal to the pub's new customer base.

Experienced Operator Wanted

The perfect operator for The Junction will be an ambitious entrepreneur who wants to make a difference in the marketplace. They will have prior experience running pubs and take pride in offering their customers great service. Apply now to find out more about the investment.

Features

  • Catering Kitchen
  • Investment Tenancy
  • Car Park
  • Outdoor Trade
  • Refurbishment Planned
  • Weekly Billing


Trading Area & Facilities

Inside, the pub is split into a bar and lounge format. In the lounge, we will add new carpeting and fixed seating. These additions will soften this space, which was once used solely for dining. We will add a new overhead glass gantry to the bar itself, along with a stylish tiled back fitting.

In the bar, we will upcycle the existing furniture and enhance the bay window area. New loose furniture will be added along with two televisions. Additions will also be made to the existing catering kitchen.

Outside, we will enhance the entrance of the pub with new signage. New planters and festoon lighting will make this an appealing space for customers to enjoy a pint in the warmer summer months.

Applicants should 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. 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 at the pub consists of three bedrooms, living room, kitchen and bathroom. In line with our Ready To Trade Promise, we will ensure that the private accommodation has the necessary works completed on it so that you can focus on getting your business right.

Pub Financials

Annual Rent £
24,912
Estimated Annual Turnover £
422,476
Deposit £
6,228
Estimated Fixtures & Fittings Value £
25,000
Estimated Stock Valuation £
8,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
43,228
Estimated Minimum Ingoing Costs £
14,076

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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