Run a Star Pub - Ship Aldborough - Boroughbridge

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 Ship will have extensive experience in similar hospitality businesses. They will have a clear vision for their marketing strategy, food & drinks menu 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 pubs next chapter...

The transformed Ship Inn will stun guests and take its rightful place as THE destination pub in the area. 50/50 food and drink split, this is a fantastic opportunity for a positive and ambitious operator with prior experience in developing and delivering a substantial food offer. Combine this with skills in driving wet sales through a great range of drinks and driving footfall with a strong events calendar and the opportunities at the Ship Inn are endless.

An investment project of around £125,000 is planned to refurbish this beautiful, traditional English pub 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 Ship Inn will be transformed into a fantastic Great Pub Great Food business after a full refurbishment inside and out. Inside the pub, an exciting transformation is underway with a full overhaul and redecoration of the trade area, bar, dining area, and toilets. Works will be undertaken to improve the kitchen to cater to the 84 internal covers. Externally, the pub will undergo a significant transformation as well. As well as redecorating the whole façade, and replacing the tiled roof and signage, the beer terrace will be improved and extended to link up to the grassed area to the rear for customers all to enjoy.,

• Private Accommodation
• Car Park
• Investment Tenancy
• Refurbishment Planned
Trading Area & Facilities A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads. 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 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 £48,554 Annual Estimated Annual Turnover £626,307 Annual Rent £40,218 Entry Costs Deposit £10,054 Estimated Fixtures & Fittings Value £25,000 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.