Run a Star Pub - Blacksmiths Arms Rothwell - Market Rasen

Star Pubs Leased & Tenancy; Market Rasen; On-site; GBP 16,000 - 43,000; Full time

Job summary

A great opportunity arises to take over a popular pub located in the scenic Lincolnshire Wolds. The pub, which benefits from a recent refurbishment, is well-frequented by both locals and tourists. The new operator will need a robust strategy for food and drinks, alongside extensive experience in the hospitality sector to enhance the pub’s success.

Qualifications

• Experience in running or owning a pub business.
• Clear vision for food & drinks offerings.
• Ability to create memorable customer experiences.

Responsibilities

• Manage the pub's food and drinks service.
• Implement marketing strategies to drive trade.
• Ensure a successful pub experience for customers.

Skills

Extensive experience in hospitality business

Vision for food & drinks menu

Marketing strategy

Job description

Pub Overview

A great opportunity to take over this popular pub/restaurant set in the heart of the Lincolnshire wolds. The pub has benefited from a recent refurbishment and is very popular with locals and tourists alike.

Popular village pub/restaurant situated in the heart of the Lincolnshire wolds.

Fantastic opportunity to take over this fantastic rural pub.

What would you do with this pub to make it a success?

The area

The Blacksmiths Arms is located in the village of Rothwell, In the heart of the Lincolnshire Wolds an area of outstanding natural beauty. The pub is popular with locals and visitors from the surrounding towns and villages

Demographics

The pub benefits from being one of 1 pubs found in an area of around 169 adults. The customer base is made up of mature adults.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a strong 70/30 foodoffer. What food & drinks would you look to implement in the pub?

The site currently offers a selection of a pub classic menu, cask ales, and popular beers, ciders, wines and spirits.

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 pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu and their 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

• Foundation Tenancy
  
• Catering Kitchen
  
• Outdoor Trade
  
• Childrens Play Area
  
• Cask Ale
  
• Car Park
  
• Private Accommodation
  

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• 50 internal covers
• Large catering kitchen
• Smart Dispense
• Large beautiful garden for alfresco dining
• Large carpark

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, and office.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£42,241

Estimated Minimum Ingoing Costs

£16,413

Annual Rent

£34,966

Estimated Annual Turnover

£488,759

Deposit

£8,741

Estimated Fixtures & Fittings Value

£20,000

Estimated Stock Valuation

£10,000

Estimated Working Capital

£3,500

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.