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For Companies At a Glance
- Tasks: Run a vibrant pub, create a quality food menu, and host exciting events.
- Company: Join Star Pubs & Bars, known for revitalising local pubs and creating memorable experiences.
- Benefits: Enjoy private accommodation, outdoor trade space, and the chance to shape a community hub.
- Why this job: Be part of a pub transformation in a stunning location, attracting locals and tourists alike.
- Qualifications: Experience in hospitality and a vision for food, drinks, and entertainment is essential.
- Other info: Investment tenancy agreement with estimated costs and support for your business journey.
The predicted salary is between 36000 - 60000 £ per year.
Pub Overview
Exciting refurbishment planned for this pub with multiple revenue stream opportunities in the picturesque village of Malborough.
This straightforward pub will have a wonderful revamp, giving a new operator the chance to implement a quality food menu offering with a selection of crowd pleasers with the opportunity to be further developed by the new licensee. The pub can offer live sports and can host events catered to customer demand to help drive a healthy rhythm of the week.
With the addition of three letting rooms the Old Inn will provide the perfect base to a steady influx of tourists who are looking to explore the South Devon area, an area of outstanding natural beauty.
The area:
The Old Inn is ideally situated near major tourist locations in the picturesque town of Malborough, and just a short drive from Salcombe. It is close to major tourist attractions such as South Milton Sands, Hope Cove, Soar Mill Cove to name a few. It is also near local caravan and camping sites making it an ideal place for locals and holiday makers to visit for breakfast Lunch or tea.
The pub is surrounded by shops, food and retails outlets and mixed housing and benefits from being one of two pubs found in an area of around 566 adults. The majority customer base is made up of middle to affluent locals.
The offer:
The Old Inn Malborough is available on our investment tenancy agreement. Click here for more information on this agreement.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right licensee for the Old Inn Malborough will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for both local customers and visitors to the area.
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…
Features
- Investment Tenancy
- Catering Kitchen
- Letting Rooms
- Outdoor Trade
- Car Park
- Private Accommodation
Trading Area & Facilities
The Old Inn Malborough will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Zoned dining room
- Zoned games room with darts board & pool table
- 50 internal covers
- Medium size catering kitchen
- HEINEKEN SmartDispense
- Three letting rooms
- Small patio area
- Car park with approximately ten 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
Redecorated private accommodation consists of two bedrooms, a living room, kitchen, and bathroom.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£56,583
Estimated Minimum Ingoing Costs
£56,583
Annual Rent
£32,332
Estimated Annual Turnover
£422,467
Deposit
£8,083
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.
Downloads
- Demographics Report Download arrow
- Energy Performance Certificate Download arrow
- Refurbishment Details Download arrow
Run a Star Pub - Old Inn Malborough - Kingsbridge employer: ApplyGateway
Contact Detail:
ApplyGateway Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - Old Inn Malborough - Kingsbridge
✨Tip Number 1
Familiarise yourself with the local area and its demographics. Understanding the customer base in Malborough will help you tailor your food and drink offerings to meet their preferences, which is crucial for attracting both locals and tourists.
✨Tip Number 2
Develop a clear vision for your pub's atmosphere and experience. Think about how you can create a welcoming environment that encourages repeat visits, whether through themed events, live sports, or special promotions.
✨Tip Number 3
Network with local suppliers and businesses. Building relationships with nearby food producers and event organisers can enhance your menu and provide opportunities for collaboration, making your pub a community hub.
✨Tip Number 4
Prepare to showcase your previous experience in hospitality. Be ready to discuss specific examples of how you've successfully managed similar establishments, as this will demonstrate your capability to take the Old Inn to new heights.
We think you need these skills to ace Run a Star Pub - Old Inn Malborough - Kingsbridge
Some tips for your application 🫡
Understand the Pub's Vision: Before applying, take time to understand the vision for the Old Inn Malborough. Consider how your experience aligns with their plans for a quality food menu and customer engagement strategies.
Highlight Relevant Experience: In your application, emphasise any previous experience in running or owning a pub or similar hospitality business. Be specific about your roles and achievements that demonstrate your capability to manage the pub effectively.
Craft a Compelling Business Plan: Prepare a brief outline of your proposed food and drinks menu, marketing strategy, and entertainment ideas. This will show your proactive approach and help the selection committee envision your potential impact on the pub.
Tailor Your Application: Make sure to tailor your application specifically for the Old Inn Malborough. Use keywords from the job description and reflect on how your skills and experiences can contribute to the pub's success in the local community.
How to prepare for a job interview at ApplyGateway
✨Showcase Your Experience
Make sure to highlight your previous experience in the hospitality industry. Discuss specific roles you've held, particularly those that involved managing a pub or restaurant, and how they have prepared you for this opportunity at the Old Inn.
✨Present Your Vision
Prepare to share your vision for the food and drinks menu. Think about crowd-pleasing options that would appeal to both locals and tourists, and be ready to discuss how you would implement these ideas effectively.
✨Understand the Local Market
Familiarise yourself with the local area and its demographics. Knowing about nearby attractions and the customer base will show that you are invested in the community and can tailor your offerings to meet their needs.
✨Engage with Marketing Strategies
Be prepared to discuss your marketing strategies. Think about how you would promote events, live sports, and special offers to attract customers, and demonstrate your understanding of effective marketing in the hospitality sector.
