At a Glance
- Tasks: Lead the transformation of a charming pub into a vibrant community hub.
- Company: Join Star Pubs & Bars, known for innovative hospitality experiences.
- Benefits: Investment tenancy with refurbishment support and fixed rent for stability.
- Other info: Exciting opportunity to build a loyal customer base in a picturesque location.
- Why this job: Shape a welcoming space for locals and visitors while showcasing your creativity.
- Qualifications: Experience in running or owning pubs, with a passion for community-led hospitality.
The predicted salary is between 66310 - 66310 £ per year.
Overview
The Old Chequers is part of an investment plan to transform into a welcoming, all-day destination with a fresh design, strong food and drink offer, and year-round appeal.
The investment tenancy supports refurbishment and a refreshed, experience-led pub concept.
About the area
Nestled in the countryside just outside Hemel Hempstead, the Old Chequers is positioned to attract local families, countryside walkers, office workers, and couples seeking a relaxing escape.
The location combines rural charm with proximity to a busy town, creating a balance of destination and repeat local trade.
There are over 230,000 adults within a 20-minute drive, offering opportunity to build a loyal and diverse customer base.
The refurbishment aims to reposition the pub as a go-to spot for everyday occasions and special visits.
The offer
The Old Chequers is available on our investment tenancy agreement. Please refer to the Refurbishment Details section for information on the investment being made.
Who we’re looking for
Applicants with experience in running or owning pub businesses are invited to apply.
The right operator will have extensive experience in community-led hospitality, a clear vision for food and drinks menus, marketing strategy, and entertainment to create a memorable customer experience.
If this opportunity sounds right for you, share what you can bring to the pub’s next chapter.
- Features
- Investment Tenancy
- Refurbishment Planned
- Catering Kitchen
- Car Park
- Outdoor Trade
- Private Accommodation
- Trading Area & Facilities
The refurbishment will cover both interior and exterior.
A full list of works and the pub floor plan are in the Refurbishment Details downloads.
Post-refurbishment the trading area and facilities will include
- Main trading area with bar
- New Signage
- 30 internal covers
- 84 external covers
- Catering kitchen
- Large garden
- Car park
All refurbishments are subject to final board approval as part of the leasing process.
When a significant investment is made by Star Pubs & Bars, an Investment Exemption may apply, affecting lease terms at rent review per The Pub Code (2016).
Private Accommodation
The private accommodation consists of four double bedrooms, kitchen, living room, bathroom and shower room.
Pub Financials
With our 5 Star Promise, the rent at the start of the agreement is fixed until the end of the initial term.
- Indicative entry costs
- £194,078 – Estimated Annual Turnover: £781,222
- Annual Rent: £66,310
- Estimated Fixtures & Fittings Value: £160,000
- Stock Valuation: £14,000
- Working Capital Required: £3,500
The figures are indicative and will be finalised as part of the commercial agreement.
Figures exclude VAT.
Ongoing costs include maintenance, repairs fund, and Smart Dispense, to be outlined before the final Heads of Terms.
Fittings (F&F) are purchased; deposits vary by tenure.
A minimum of £10,000 unborrowed funds is required for applicants.
- Downloads
- Demographics Report Download
- Energy Performance Certificate Download
- Refurbishment Details Download
- #J-18808-Ljbffr
Contact Details:
Star Pubs Leased & Tenancy Recruitment Team
