Pub Overview

Fantastic opportunity to take over a traditional City Centre pub.

What would you do with this pub to make it a success?

The area

The Red Deer is located in the City centre of Sheffield, close to The University of Sheffield and West Street. The pub is surrounded by a number of residential flats, offices, and many commercial premises.

Demographics

The pub benefits from being one of 54 pubs found in an area of around 23,732 adults. The Red Deer customer base is made up of young adults.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a strong food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade through a selection of cask ales, a pub classic menu, and popular beers, ciders, wines and spirits and a function room.

We’re always open to new ideas, what would you do to drive trade?

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 pub will have extensive experience in a high street hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and marketing strategy 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 pub’s next chapter...

Features

• Foundation Tenancy
  
• Cask Ale
  
• Catering Kitchen
  
• Function Room
  
• Outdoor Trade
  
• Private Accommodation
  

Trading Area & Facilities

Trading areas and facilities

• Main trading area with bar
• Raising upper dining/ drinking area
• 50 internal covers
• 30 external covers
• Small kitchen
• Medium sized upstairs function room
• Standard Dispense
• Patio garden with feature wall

Private Accommodation

Private accommodation consists of 2 bedrooms, kitchen, reception room, bathroom.

Pub Financials

Annual Rent £
42,995
Estimated Annual Turnover £
600,412
Deposit £
10,748
Estimated Fixtures & Fittings Value £
10,000
Estimated Stock Valuation £
7,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
31,248
Estimated Minimum Ingoing Costs £
14,082

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.