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For Companies At a Glance
- Tasks: Lead the transformation of Estcourt Arms into a vibrant community pub.
- Company: Star Pubs is dedicated to revitalising local pubs for community enjoyment.
- Benefits: Enjoy private accommodation and the chance to shape a new pub experience.
- Why this job: Be part of an exciting refurbishment and create a welcoming space for young adults.
- Qualifications: No experience needed, just a passion for hospitality and community engagement.
- Other info: Investment tenancy agreement with estimated start-up costs and support available.
The predicted salary is between 36000 - 60000 £ per year.
Pub Overview
A full refurbishment will transform the appeal of the Estcourt Arms for the local community, and beyond! What would you do with this pub to make it a success?
The Area:
The Estcourt Arms is located just outside Watford’s busy town centre. There are 22,825 adults within 20-minute walk time. The affluent customer base is made up of predominantly young adults.
The Offer:
The Estcourt Arms is available on our investment tenancy agreement. Once refurbished, the pub will offer a wide range of drinks, including beers, ciders, wines and spirits alongside a variety of soft drinks and low and no alcohol options, to cater to everyone. A coffee offer, attracting day-time visitors and non-drinkers will also broaden the pub's appeal. The pub will offer live entertainment and sports, pool, darts and events catered to customer demand. We’re always open to new ideas, what would you do to drive trade?
The Operator:
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you:
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
- Refurbishment Planned
- Private Accommodation
- Pub Games
- Outdoor Trade
Trading Area & Facilities:
The Estcourt Arms 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:
- Main trading area with bar
- 47 internal covers
- 32 external covers
- Function room
- HEINEKEN SmartDispense
- Courtyard
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.
Pub Financials:
- Estimated Total Ingoing Costs: £18,436
- Estimated Minimum Ingoing Costs: £18,436
- Annual Rent: £18,945
- Estimated Annual Turnover: £270,258
- Deposit: £4,736
- Estimated Fixtures & Fittings Value: £6,200
- Estimated Stock Valuation: £4,000
- 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.
Run a Star Pub - Estcourt Arms Watford - Watford employer: Star Pubs Leased & Tenancy Careers
Contact Detail:
Star Pubs Leased & Tenancy Careers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Run a Star Pub - Estcourt Arms Watford - Watford
✨Tip Number 1
Familiarise yourself with the local community around the Estcourt Arms. Understanding the demographics and preferences of the 22,825 adults within a 20-minute walk will help you tailor your offerings and marketing strategies effectively.
✨Tip Number 2
Think creatively about how to enhance the pub's appeal post-refurbishment. Consider unique events or promotions that could attract young adults and non-drinkers, such as themed nights or special coffee offerings during the day.
✨Tip Number 3
Showcase your passion for hospitality during any discussions. Share examples of how you've successfully engaged customers in the past, as attitude is more valuable than experience in this role.
✨Tip Number 4
Prepare to discuss your vision for driving trade at the Estcourt Arms. Think about innovative ideas that align with the pub's refurbishment plans and how you can leverage the outdoor space and function room to maximise customer engagement.
We think you need these skills to ace Run a Star Pub - Estcourt Arms Watford - Watford
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand what it means to run a pub like the Estcourt Arms. Think about how your experience and ideas can contribute to its success, especially in terms of community engagement and hospitality.
Tailor Your CV: Highlight relevant experience in hospitality and any previous roles that demonstrate your ability to manage a business. Include specific examples of how you've successfully engaged with customers or improved a venue's appeal.
Craft a Compelling Cover Letter: Use your cover letter to express your passion for the hospitality industry and your understanding of the local community. Share innovative ideas on how you would drive trade at the Estcourt Arms post-refurbishment.
Showcase Your Personality: Since attitude is more valuable than experience, let your personality shine through in your application. Use a friendly and approachable tone to convey your enthusiasm for the role and your commitment to providing excellent customer service.
How to prepare for a job interview at Star Pubs Leased & Tenancy Careers
✨Know Your Community
Understanding the local community is crucial for this role. Research the demographics and preferences of the area around the Estcourt Arms, and be ready to discuss how you would tailor your offerings to meet their needs.
✨Showcase Your Hospitality Skills
Since attitude is more valuable than experience, highlight your passion for hospitality. Share specific examples of how you've successfully engaged with customers in the past and created a welcoming atmosphere.
✨Bring Innovative Ideas
The pub is open to new ideas, so come prepared with suggestions on how to drive trade. Think about unique events, promotions, or partnerships that could attract more visitors and enhance the pub's appeal.
✨Understand Financials
Familiarise yourself with the financial aspects of running a pub, including estimated costs and turnover. Be ready to discuss how you would manage finances effectively to ensure the pub's success post-refurbishment.
