Pub Overview
A refurbishment of around £397,000 is planned to transform Old Mail House into a refreshed community pub with stronger external presentation, a modernised interior and a clear focus on quality drinks and sport. What would you do with this pub to make it a success?
About the area
Old Mail House is on a busy high street in suburban Bristol, giving it strong visibility and access to a sizeable local catchment. There are 7,765 adults within walking distance of the pub.
The brief identifies around 10 pubs in the surrounding area, placing Old Mail House in a busy local hospitality market rather than an isolated pub location. The opportunity is to stand out through a more recent refurbishment, a sharper customer environment and a clear sports-led community offer.
The pub currently trades predominantly as a wet-led business. The investment will refresh its appearance and create a more contemporary environment designed to attract a broader and more diverse customer base, including younger customers, while retaining its role as a community drinking venue.
The offer
Old Mail House is available on our investment tenancy agreement. Click here for more information on this agreement . Please refer to the 'Refurbishment Details' section for details of the investment being made.
Who we're looking for
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 Old Mail House will have extensive experience in community-led, drinks-focused hospitality businesses. They will have a clear vision for the drinks range, sports and entertainment offer, and local 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
- Investment Tenancy
- Refurbishment Planned
- Outdoor Trade
- Private Accommodation
- Car Park
Trading Area & Facilities
The refurbishment will cover both the interior and exterior of Old Mail House. A full list of works and pub floor plan can be found in the Downloads section.
The pub's trading area and facilities post refurbishment will be:
- Main trading area with bar
- 40 internal covers
- 16 external covers
- HEINEKEN SmartDispense
- Three-bedroom private accommodation
- Small patio
- Car park with 10 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, 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, 3 bedrooms, a kitchen, bathroom, and living room.
Pub Financials
Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£40,360
Annual
Estimated Annual Turnover
£479,144
Annual Rent
£31,440
Entry Costs
Deposit
£7,860
Estimated Fixtures & Fittings Value
£20,000
Stock Valuation
£9,000
Working Capital Required
£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.
Refurbishment Details
- New External Signage
- Interior Decor Refresh
What we're planning & why
An estimated £397,000 investment will refresh Old Mail House both inside and out. The project will improve the internal customer environment, address areas that have deteriorated, refresh the exterior and signage, and create a stronger platform for a modern community pub with a clear sports focus. Private accommodation is also included in the refurbishment.
Unlike standard terms for Investment Tenancies, we're offering the option to rent the Fixtures & Fittings for this pub. Ask us for more information!
What's happening?
The interior will receive a substantial refresh to create a much-improved customer environment and help the pub attract a younger and broader audience.
The scheme will also address areas of the pub that need attention, protecting standards and giving the business a stronger base for future trading.
Externally, refreshed presentation and new signage will help communicate the change and improve the pub’s visibility on its busy high street location.
The offer will centre on a great drinks range and a strong sporting focus. The opportunity is primarily drinks-led, with the operator expected to maximise sport, atmosphere and community occasions.
Why invest?
The investment will modernise Old Mail House, strengthen its competitive position and create a more appealing environment for both existing customers and a younger audience. A refreshed interior, better external presentation and a clear sports proposition should increase footfall and encourage customers to visit more frequently.
Turnover is expected to increase by around £6,000 per week following the refurbishment.
To explore some of our recent successful pub investment projects, please see our Investment Showcase page.
Downloads
- Demographics Report Download arrow
- Energy Performance Certificate Download arrow
- Floorplan Download arrow
- Schedule of Work Download arrow
Contact Details:
Star Pubs Leased & Tenancy Recruitment Team
