Run a Star Pub - Cross Keys Swanwick - Alfreton

These changes will encourage new customers to come in and see the amazing change in the pub, experience the new food offer or watch and play sport!, These changes will encourage new customers to come in and see the amazing change in the pub, experience the new food offer or watch and play sport. There are 81 internal and 55 external covers, meaning there is ample opportunity to maximise trade throughout the year. Competition in this area of the market is limited, with most of the other pubs in the village having a drinks led offer.

The Cross Keys is located in the highly sought-after village of Swanwick, a large village in Derbyshire, just south of Alfreton, west of the M1. The pub itself is on the busy main road which joins the A38, a main arterial route between Derby and Mansfield. A busy residential hub, there are 4,500 adults living within a ten-minute walk of the pub.

• Childrens Play Area
• Investment Tenancy
• Live Sports
• Pub Games
• Car Park
• Outdoor Trade
• Private Accommodation
• Refurbishment Planned
Trading Area & Facilities A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads. The pubs trading area and facilities post refurbishment will be:
• Main trading area with bar
• 81 internal covers
• 55 external covers
• Catering kitchen
• SmartDispense
• Outdoor area with pergola
Applicants should 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. The exemption 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, as per The Pub Code (2016). Private Accommodation There is private accommodation available at this site. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £45,882 Estimated Minimum Ingoing Costs £45,882 Annual Rent £29,526 Estimated Annual Turnover £455,116 Deposit £7,382 Estimated Fixtures & Fittings Value £25,000 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.