Run a Star Pub - Cranemakers Carlisle - Carlisle

Pub Overview Initially available on flexible terms - Enquire for more information The refurbishment investment of around £255,000 is planned to transform The Cranemakers into a premium local pub with food, sport and entertainment at its heart. What would you do with this pub to make it a success? The Area The Cranemakers is located in Carlisle, just outside the town centre on a very busy road. The pub benefits from being one of 18 pubs found in an area of around 4,739 adults within a ten-minute walk and 17,297 within a twenty-minute walk. The local customer base is made up of young, midlife and mature adults. The pub is well positioned close to the University of Cumbria, retail park and the town centre, benefiting from access to young locals, visitors and students. The Offer The Cranemakers is available on our investment tenancy agreement. The refurbishment will create a quality community pub with food, featuring HUK’s drinks range, pub favourites, and a coffee pod offer. Entertainment will include a rhythm of the week, quiz and live entertainment. 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 Cranemakers will have extensive experience in high street hospitality businesses. They will have a clear vision for their drinks menu, entertainment offer and 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 * Investment Tenancy * Refurbishment Planned * Catering Kitchen * Car Park * Outdoor Trade Trading Area & Facilities The Cranemakers will be undergoing a full refurbishment which will cover all rooms and toilets. A full list of works and pub floor plan can be found in the refurbishment details in the downloads. * Main trading area with bar. * 53 internal covers. * 36 external covers. * Catering kitchen. * HEINEKEN SmartDispense®. * Beer garden. * Car park with 5 spaces. Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Private Accommodation Private accommodation consists of 2 bedrooms, a lounge, kitchen and a bathroom. Pub Financials With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term. Indicative entry costs * £37,127 Annual Estimated Annual Turnover £397,241 Annual Rent £26,509 Entry Costs * Deposit * £6,627 Estimated Fixtures & Fittings Value * £22,000 Stock Valuation * £5,000 Working Capital Required * £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 months 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 months rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months 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. J-18808-Ljbffr