Run a Star Pub - Londesborough Arms Hotel Seamer - Scarborough

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 Londesborough will have extensive experience in food-led hospitality businesses with letting accommodation. They will have a clear vision for a quality food and drink menu, strong standards in guest accommodation, and a marketing strategy that drives both local repeat visits and tourist stays, creating a memorable experience for their customers.

A £243,000 refurbishment is planned to transform the Londesborough into a premium village pub with a strong food and letting rooms offer at its heart. What would you do with this pub to make it a success?,

• Refurbishment Planned
• Catering Kitchen
• Letting Rooms
• Car Park
• Outdoor Trade
• Private Accommodation
Trading Area & Facilities The refurbishment will cover both the interior and elements of the exterior of the pub. The pub's trading area and facilities post refurbishment will be:
• Main trading area with bar
• Snug area
• 78 internal covers
• 24 external covers
• Fully refurbished commercial kitchen - approximately 450 sq ft
• Eight letting rooms
• Private accommodation with two bedrooms
• Small patio garden
• 64-space car park
• HEINEKEN SmartDispense
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, 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 two bedrooms, 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 £42,973 Annual Estimated Annual Turnover £486,811 Annual Rent £29,895 Entry Costs Deposit £7,473 Estimated Fixtures & Fittings Value £22,000 Stock Valuation £10,000 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.