Property Description
Coming soon!
We are currently working up the financials for this site, so all quoted figures are indicative only. We are accepting applications NOW so apply today!
Fantastic opportunity to make a difference
With its Victorian design the Fountain stands out from its competitors. Close to local attractions it is perfect for capturing passing trade whilst still being a favourite with the local community.
What would you do with this pub to make it a success?
The Fountain is located on the outskirts of the town of Lichfield, adjacent to Beacon Park and a short walk to Lichfield Cathedral. The pub is surrounded by mixed housing with Morrisons supermarket next door.
The pub benefits from being one of 4 pubs found in an area of around 3,800 adults. The diverse customer base is made up of a mixed age range from 18 to 55+.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through wet 80/dry 20 split food & drinks offer. There is the with scope to grow the food side of the business. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits ands cask ales.
We’re always open to new ideas, what would you do to drive trade?
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 this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Main trading area with bar
Separate dining area
80 internal covers
50 external covers
Small kitchen
Large garden
Car park with approx. 25 spaces
Private accommodation consists of 2 bedrooms, a living room, kitchen and bathroom
For the full licensing details, please refer to the premises license.
Agreement Type
Property Facilities
Private Accommodation
Parking
Outdoor Trade
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* 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
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
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.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
