Run a Star Pub - Cannon Guildford - Guildford

Pub Overview

The area

The Cannon is located in the town of Guildford. The pub is one of 28 pubs in a catchment area of 6,047 adults but is set apart due to its attractive beer garden.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing the home cooked food offer. What would you look to implement in the pub?

The site currently has the ability to drive trade through live sports & entertainment, pub games, cask ales, and its attractive garden.

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, or come from a food/hospitality background, we’d love to hear what experience you can bring.

The right operator for the pub will have experience in a similar hospitality business. They will have a clear vision for their menu, entertainment and marketing strategy, and the ability to create a memorable experience for their customers.

Features

Foundation Tenancy

Trading Area & Facilities

Main trading area with bar
Separate dining room
44 internal covers
36 external covers
Catering kitchen
Function room
SmartDispense
Seated beer garden

Private Accommodation

Private accommodation consists of 2 bedrooms, lounge, kitchen/dining/living room area and bathroom.

Pub Financials

Annual Rent £
16,400
Estimated Annual Turnover £
265,586
Deposit £
4,100
Estimated Fixtures & Fittings Value £
8,557
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
20,157
Estimated Minimum Ingoing Costs £
8,866

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.