Run a Star Pub - Green Tree Inn Messingham - Scunthorpe

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

• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with customers
  
  If you're keen to run a pub that focuses on quality drinks and a steady rhythm of events, The Green Tree Inn could be the right fit. Eye-catching new external decor will capture passing trade, while new interior refurbishment will provide a quality finish for this traditional pub. The darts area will offer the opportunity to host impromptu games nights and help build that rhythm of the week.
  
  Investment Tenancy
• Refurbishment Planned
• Live Sports
• Cask Ale
• Outdoor Trade
• Car Park
• Private Accommodation
Trading Area & Facilities The Green Tree Inn will be undergoing a refurbishment which will cover the interior and the exterior of the pub. 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
• 58 internal covers
• 40 external covers
• Car park with 15 spaces
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 Private accommodation consists of 2 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 £34,489 Annual Estimated Annual Turnover £379,692 Annual Rent £27,957 Entry Costs Deposit £6,989 Estimated Fixtures & Fittings Value £18,000 Stock Valuation £6,000 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.