Run a Star Pub - White Horse Hampstead (previously Cork & Bottle) - London

Star Pubs Leased & Tenancy; City Of London; On-site; GBP 51,000; Full time

Job summary

A leading pub operator in the United Kingdom is seeking an experienced operator for a premium high street pub in Hampstead Heath. The role requires developing a strong food & drinks offer and creating a community-focused experience for customers. Financial investment details include annual rent of £91,802 and estimated total costs of £50,091. Ideal candidates should have significant experience in hospitality management.

Qualifications

• Extensive experience in operating or owning a pub business.
• Clear vision for food & drinks menu.

Responsibilities

• Develop a strong food & drinks offer.
• Create a memorable experience for customers.

Job description

Overview

Pub Overview

Unique opportunity in a sough after area! Cork & Bottle is a premium high street pub in the sought after area of Hampstead Heath.

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

The Area

The Cork & Bottle is located in the sought after location of Hamstead Heath, close to Royal Free Hospital. The pub benefits from a high footfall from morning until evening.

Demographics

The pub is one of 11 pubs found in an area of around 12,581 adults. The customer base is made up of mostly mid-life people of high affluence.

The Offer

Available on our FRI agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinks offer, and creating a premium high street pub. The area would benefit from a quality Sunday Roast or similar high end pub food. The site currently has the ability to drive trade via a strong drinks offering as well as multiple screens for sports. 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 similar hospitality business. They will have a clear vision for their food & drinks menu and a strong rhythm of the week. Can create a memorable experience and community feel for their customers.

Features

• Catering Kitchen
• Outdoor Trade
• LongTerm FRI Lease

Trading Area & Facilities

• Main trading area with bar
• 80 internal covers
• 10-20 external covers
• Catering kitchen
• HEINEKEN SmartDispense
• Small courtyard

Private Accommodation

The pub has no private accommodation.

Pub Financials

Pub Financials Icon

Estimated Total Ingoing Costs

£50,091

Estimated Minimum Ingoing Costs

£50,091

Annual Rent

£91,802

Estimated Annual Turnover

£1,133,602

Deposit

£22,951

Estimated Fixtures & Fittings Value

£11,640

Estimated Stock Valuation

£12,000

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow