Run a Star Pub - Blenheim Ventnor - Ventnor

Job Details

Pub Overview

The Blenheim is a cosy, local's pub ideally located on the High Street in the pretty village of Ventnor, Isle of Wight.

The area

The Blenheim is located in the town of Ventnor on the Isle of Wight. The pub is surrounded by commercial businesses.

The Blenheim is supported by locals and benefits from increased trade during the summer months from tourists visiting the various festivals on the Island.

Demographics

The pub benefits from being located on the hight street and majority customer base is made up of a good mix of Young to Mature adults of low to medium income. It also benefits from visitors to the Island.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a quality 20/80 food & drinks offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live sports, Darts and pub games machines. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu.

We're always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you've got the following skills, we'd love to hear from you...

• Understanding of the local community
• Ability to maximise the use of social media to drive trade
• You know what it takes to build a successful business
• You love hospitality and are great with 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
• Private Accommodation
• Live Sports
• Pub Games
• Catering Kitchen

Trading Area & Facilities

• Main trading area with bar
• 45 internal covers
• Small kitchen
• Function room
• SmartDispense

Private Accommodation

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

Pub Financials

Pub Financials Icon

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 range from:

£8,542 - £23,685

Annual

Estimated Annual Turnover

£361,294

Annual Rent

£24,500

Entry Costs

• Deposit
• Deposit build up from 1 month rent £6,125

Estimated Fixtures & Fittings Value

• Rented fixtures & fittings deal available £11,060

Stock Valuation

£3,000

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 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

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• Energy Performance Certificate Download arrow

Company

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• Understanding of the local community
• Ability to maximise the use of social media to drive trade
• You know what it takes to build a successful business
• You love hospitality and are great with customers
  
  The Blenheim is a cosy, local's pub ideally located on the High Street in the pretty village of Ventnor, Isle of Wight.
What would you do with this pub to make it a success? The area The Blenheim is located in the town of Ventnor on the Isle of Wight. The pub is surrounded by commercial businesses. The Blenheim is supported by locals and benefits from increased trade during the summer months from tourists visiting the various festivals on the Island.


• Foundation Tenancy
• Private Accommodation
• Live Sports
• Pub Games
• Catering Kitchen
Trading Area & Facilities
• Main trading area with bar
• 45 internal covers
• Small kitchen
• Function room
• SmartDispense
Private Accommodation Private accommodation consists of bedrooms, a living room, kitchen, and bathroom. Pub Financials Pub Financials Icon 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 range from
• :
£8,542 - £23,685 Annual Estimated Annual Turnover £361,294 Annual Rent £24,500 Entry Costs Deposit
• Deposit build up from 1 month rent
£6,125
• Estimated Fixtures & Fittings Value
• Rented fixtures & fittings deal available
£11,060
• Stock Valuation £3,000 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 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.