Run a Star Pub - Ship Inn Thursby - Carlisle

An extensive refurbishment will transform the Ship Inn Thursby into a quality pub for customers to enjoy. This is an excellent business opportunity in a great location, perfect for engaging with the local community and a great destination venue.

The Ship Inn Thursby is a quaint community pub set in an up-and-coming village. This pub is the perfect opportunity for an enthusiastic operator to expand on the popular food offer and take advantage of the generous trading hours. The Ship inn sits in the heart of a great commuter village, benefiting from lots of passing trade. Thursby is an up-and-coming area with two new housing developments on their way that will provide even more local customers for the pub., Make Your Mark with Star Pubs & Bars Ready to take on your own pub? For years, we've helped great publicans create the greatest pubs and bars around the UK. Our approach is simple: you're the one with the vision and the talent, our job is to help you make it a reality. To help you do what you do best. We're the pub business of HEINEKEN UK. That means you'll have access to the UK's leading portfolio of iconic beer and cider brands. All backed by our industry-leading terms and support. We've created our 5 Star Promise to outline our commitments and the opportunity for you on our Leased & Tenanted (L&T) model.

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 Inn Thursby will have extensive experience in a destination food hospitality businesses. They will have a clear vision for their food & drinks menu , marketing strategy and entertainment offer 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 Ship Inn Thursby will be undergoing a refurbishment which will cover the interior and the exterior of the pub and the refurbishment plans will be shared very soon. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads. Features

• Refurbishment Planned
• Investment Tenancy
• Catering Kitchen
• Car Park
• Private Accommodation
Trading Area & Facilities The pubs trading area and facilities post refurbishment will be:
• Main trading area with bar
• Separate dining room
• 66 internal covers
• Catering kitchen
• Car park with 40 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 2bedrooms, a living room, kitchen and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £62,035 Estimated Minimum Ingoing Costs £62,035 Annual Rent £54,140 Estimated Annual Turnover £598,543 Deposit £13,535 Estimated Fixtures & Fittings Value £35,000 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.