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For Companies At a Glance
- Tasks: Run and manage a vibrant pub, creating memorable experiences for customers.
- Company: Join Star Pubs, a leading name in the hospitality industry with exciting opportunities.
- Benefits: Enjoy a long-term lease, private accommodation, and a chance to shape a newly refurbished pub.
- Why this job: Be part of a community hub with great food, drinks, and entertainment options.
- Qualifications: Experience in hospitality and a passion for creating unique dining experiences are essential.
- Other info: The Plough is set for refurbishment, offering a fresh start and exciting potential.
The predicted salary is between 36000 - 60000 £ per year.
Pub Overview: Picturesque location - the Plough is located in Elstree, situated on busy crossroads near open park areas and lakes. It is also close to the train station, Borehamwood town centre and the local business park with over 50 permanent businesses. The demographics show only one competitor pub, over a ten-minute walk time away.
The Offer: The Plough is available on our FRI Agreement. When refurbished, The Plough will offer:
- A full range of draught lagers, both premium and favourite, as well as great wines, spirits, zero and low alcohol and mineral options.
- Quality assorted menu including specials and pub classics.
- Coffees to increase day trade.
- Entertainment throughout the week and weekends such as wine and gin tastings, food special nights and solo artist live entertainment.
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 Plough will have extensive experience in destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu, 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:
- Long Term FRI Lease
- Smoking Area
- Car Park
- Outdoor Trade
- Refurbishment Planned
- Monthly Billing
- Private Accommodation
The Plough 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 section. The pub's trading area and facilities post refurbishment will be:
- Split trading area
- Lounge and covered pergola
- 90 internal covers
- 142 external covers
- Catering kitchen
- Large outdoor space
- HEINEKEN SmartDispense
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, kitchen and bathroom.
Pub Financials:
- Estimated Total Ingoing Costs: £62,815
- Estimated Minimum Ingoing Costs: £62,815
- Annual Rent: £85,261
- Estimated Annual Turnover: £959,173
- Deposit: £21,315
- Estimated Fixtures & Fittings Value: £30,000
- 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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' 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
- Energy Performance Certificate
- Refurbishment Details
Contact Detail:
Star Pubs Leased & Tenancy Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - East Elstree (to be re-named the The Plough) - Borehamwood
✨Tip Number 1
Familiarise yourself with the local area and its demographics. Understanding the community around The Plough will help you tailor your offerings and marketing strategies to attract more customers.
✨Tip Number 2
Think about innovative ideas for events and promotions that could drive trade. Consider what unique experiences you can offer that would set The Plough apart from the competition.
✨Tip Number 3
Prepare to discuss your vision for the food and drinks menu during the interview. Highlight how your previous experience in hospitality can contribute to creating a memorable customer experience.
✨Tip Number 4
Be ready to demonstrate your understanding of the financial aspects of running a pub. Familiarise yourself with the estimated costs and turnover figures provided, and think about how you would manage these effectively.
We think you need these skills to ace Run a Star Pub - East Elstree (to be re-named the The Plough) - Borehamwood
Some tips for your application 🫡
Understand the Pub's Vision: Before applying, take time to understand the vision for The Plough. Consider how your experience aligns with their goals for a memorable customer experience and innovative food and drink offerings.
Highlight Relevant Experience: In your application, emphasise any previous experience you have in running or owning a pub or similar hospitality business. Be specific about your achievements and how they relate to the role.
Showcase Your Ideas: The company is looking for fresh ideas to drive trade. Use your application to present innovative concepts for the menu, marketing strategies, or entertainment options that could enhance the pub's appeal.
Tailor Your Application: Make sure your application is tailored specifically for this position. Address the key points mentioned in the job description, such as the importance of a clear vision and extensive experience in destination food outlets.
How to prepare for a job interview at Star Pubs Leased & Tenancy Careers
✨Know Your Numbers
Familiarise yourself with the financials of the pub, including estimated turnover and costs. Be prepared to discuss how you would manage these figures effectively to ensure profitability.
✨Showcase Your Vision
Have a clear vision for the food and drinks menu, as well as marketing strategies. Think about unique ideas that could drive trade and enhance customer experience, and be ready to share them during the interview.
✨Understand the Local Market
Research the local demographics and competition. Be prepared to explain how you would position The Plough in the market and attract customers from the surrounding area.
✨Highlight Relevant Experience
If you have previous experience running or owning a pub, make sure to highlight this. Discuss specific challenges you've faced and how you overcame them, as well as any successful initiatives you've implemented.
