Coopers Arms Nr Crewe - Wales, South Yorkshire, United Kingdom - Star Pubs Leased & Tenancy

Description

Pub Overview

Major refurbishment planned

A significant refurbishment will transform The Coopers into a food-led, modern, country pub. Everything will be refurbished, the interior will receive distinctive new finishes, which will create a unique, premium pub that will appeal to a wide range of customers. As the pub is currently closed, this will feel like a completely new pub.

The rejuvenated decked terrace will become a beautiful al fresco dining terrace, supporting the new focus on great food. The pub frontage will benefit from a modern redecoration, adding new signage and lighting to make the site more visible, highlight the pubs offering and complement the new interior.

Location

The Coopers is in the picturesque village of Woore in the heart of Shropshire. Surrounded by glorious English countryside, Woore is an affluent village with almost 1,000 residents and numerous local amenities such as the village church and shops. The demographics surrounding the pub are of high affluence. Mature and retired households with disposable income looking for a quality food and drink offer.

Untapped potential

The Coopers has the potential to be THE pub in the village. An all-new look and feel, as well as quality food and drinks offer, will stand this pub above the limited competition in the nearby area. Coopers is primed to be a 'destination food-pub', which is made possible by it's 88 covers, ample parking and extensive high-quality list of products. All we're looking for is the right person to take on the pub...

Target customers:

The newly refurbished The Coopers will appeal to:

• Affluent local couples and friends wanting to enjoy a casual drink or premium pub food.
• Residents from surrounding villages and towns looking for a lunchtime treat and a venue for special occasions.
• Families with children looking to eat in the cosy dining area or on the al fresco terrace throughout the year.

Post refurbishment, The Coopers will offer:

• A high quality, focused range of drinks including premium and favourite lagers, cask ales, wines, premium spirits and soft drinks.
• A high-quality food offer to attract locals and those further afield
• Barbecues in the warmer months on the al-fresco terrace
• Premium, barista style coffee
• Some entertainment, such as acoustic music for special events such as New Years.

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 Coopers will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer allowing them to 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 pubs next chapter... Features

• Investment Tenancy
  
  
• Catering Kitchen
  
  
• Outdoor Trade
  
  
• Private Accommodation
  
  
• Refurbishment Planned
  
  

Trading Area & Facilities The pub is going to benefit from a full internal and external refurbishment. We will also transform the beautiful rejuvenated decked terrace into an al fresco dining terrace.

For full details of the planned refurbishment please refer to the 'Refurbishment Details' in the Downloads section.

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 Private Accommodation The private accommodation for this site includes three bedrooms, lounge, kitchen and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business. Pub Financials Annual Rent £
37,035
Estimated Annual Turnover £
537,423
Deposit £
9,259
Estimated Fixtures & Fittings Value £
35,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
52,759
Estimated Minimum Ingoing Costs £
52,759

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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