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For Companies At a Glance
- Tasks: Take charge of a newly refurbished pub and drive its success with your unique vision.
- Company: Join Star Pubs, a company dedicated to revitalising local pubs and enhancing community experiences.
- Benefits: Enjoy private accommodation, a vibrant trading area, and the chance to shape a popular local venue.
- Why this job: This is your chance to create memorable experiences in a high-footfall area with diverse clientele.
- Qualifications: Extensive experience in hospitality and a clear vision for drinks, food, and entertainment are essential.
- Other info: Significant investment is being made to refurbish the pub, ensuring it meets modern consumer preferences.
The predicted salary is between 36000 - 60000 £ per year.
Pub Overview
The Three Crowns offers a great opportunity for someone who wants to take on a well-backed, newly refurbished pub with plenty of potential.
What would you do with this pub to make it even more of a success?
The Area:
Barrow upon Soar is a large village in northern Leicestershire, situated in the Soar Valley between Leicester and Loughborough. The Three Crowns is located on the east side of the River Soar and benefits from its proximity to the Midland Railway. The pub is in a high-footfall area with a mix of local residents and visitors, including diners, drinkers and sports fans.
The Offer:
The Three Crowns is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re making a significant investment into this pub to return it to its roots as a designated pub, moving away from its current offer. With a full refurbishment and a clear premium vision, the site will meet current consumer preferences and the needs of a broad local demographic.
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 Three Crowns will have extensive experience in hospitality businesses. They will have a clear vision for their drinks range, food offer, and entertainment, 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
- Investment Tenancy
- Live Sports
- Car Park
- Cask Ale
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities
The Three Crowns 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 pub’s trading area and facilities post-refurbishment will be:
- Main trading area with bar
- Separate dining room
- 64 internal covers (33 dining, 31 drinking)
- 136 external covers
- Fully equipped kitchen
- HEINEKEN SmartDispense
- Garden: front terrace/patio
- Car park with large capacity
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, 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 three bedrooms, bathroom, kitchen and living room.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£45,759
Estimated Minimum Ingoing Costs
£45,759
Annual Rent
£37,037
Estimated Annual Turnover
£611,180
Deposit
£9,259
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£8,000
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
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Run a Star Pub - Three Crowns Barrow upon Soar - Loughborough employer: Star Pubs Leased & Tenancy
Contact Detail:
Star Pubs Leased & Tenancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - Three Crowns Barrow upon Soar - Loughborough
✨Tip Number 1
Familiarise yourself with the local community in Barrow upon Soar. Understanding the demographics and preferences of both residents and visitors will help you tailor your offerings to meet their needs, making your application stand out.
✨Tip Number 2
Think creatively about how to enhance the pub experience. Consider unique events or promotions that could attract a diverse crowd, such as themed nights or local partnerships, and be ready to share these ideas during your discussions with us.
✨Tip Number 3
Showcase your previous experience in hospitality by preparing specific examples of successful initiatives you've implemented in past roles. This will demonstrate your capability to drive trade and create memorable experiences for customers.
✨Tip Number 4
Be prepared to discuss your vision for the drinks range and food offer. Research current trends in the industry and think about how you can incorporate them into your plans for The Three Crowns to appeal to a broad audience.
We think you need these skills to ace Run a Star Pub - Three Crowns Barrow upon Soar - Loughborough
Some tips for your application 🫡
Understand the Pub's Vision: Before applying, take time to understand the vision for The Three Crowns. Think about how you can align your ideas with their plans for refurbishment and the type of experience they want to create for customers.
Highlight Relevant Experience: In your application, emphasise any previous experience you have in running or owning a pub. Be specific about your roles and achievements, particularly those that demonstrate your ability to drive trade and enhance customer experiences.
Showcase Your Ideas: Use your application to present innovative ideas for the pub. Consider aspects like the drinks range, food offerings, and entertainment options. This will show that you are proactive and have a clear vision for the pub's future.
Tailor Your CV and Cover Letter: Make sure your CV and cover letter are tailored specifically for this role. Highlight skills and experiences that are directly relevant to the hospitality industry and the unique challenges of running a pub.
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Show Your Vision
Be prepared to share your ideas on how to enhance the pub's offerings. Think about the drinks range, food menu, and entertainment options that could attract more customers.
✨Know the Local Area
Familiarise yourself with Barrow upon Soar and its demographics. Understanding the local community will help you tailor your approach and demonstrate your commitment to serving their needs.
✨Highlight Your Experience
Discuss your previous experience in hospitality, especially if you've run or owned a pub before. Share specific examples of how you've successfully driven trade and created memorable customer experiences.
✨Prepare Questions
Have thoughtful questions ready for the interviewers. This shows your interest in the role and helps you understand the expectations and opportunities at The Three Crowns.
