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For Companies At a Glance
- Tasks: Run a vibrant food-led pub, creating an unforgettable experience for customers.
- Company: The Thirsty Bear, a well-established pub in Reading's bustling town centre.
- Benefits: Opportunity to shape the menu and drive trade in a high-affluence area.
- Why this job: Bring your vision to life and make a real impact in the local community.
- Qualifications: Experience in high street hospitality and a passion for food and drink.
- Other info: Private accommodation available and potential for significant career growth.
The predicted salary is between 36000 - 60000 £ per year.
Pub Overview
Well Established Town Centre Site. What would you do with this pub to make it even more of a success?
The area
The Thirsty Bear is located in the town of Reading. The pub is surrounded by shops, food and retail outlets and mixed housing.
Demographics
The pub benefits from being one of 18 pubs found in an area of around 6445 adults. The main customer base is made up of employed adults. The pub is in a high affluence area.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a well thought through food and drinks offer. What food & drinks would you look to implement in the pub?
The site currently offers a selection of food, popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a food led pub business, we’d love to hear what experience you can bring. The right operator for the pub will have extensive experience in a high street hospitality business. 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
- Catering Kitchen
- Private Accommodation
- Foundation Tenancy
- Function Room
- Trading Area & Facilities
Main trading area with bar, separate dining room, 80 internal covers, 16 external covers, large catering kitchen with separate pizza oven counter, function room with own bar.
Private Accommodation
Private accommodation consists of 3 bedrooms, bathroom, a living room, and kitchen.
Pub Financials
- Estimated Total Ingoing Costs: £54,057
- Estimated Minimum Ingoing Costs: £15,019
- Annual Rent: £54,226
- Estimated Annual Turnover: £728,021
- Deposit: £13,557
- Estimated Fixtures & Fittings Value: £30,000
- Estimated Stock Valuation: £7,000
- 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. 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 Food-Led High Street Pub in Reading in London 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 Food-Led High Street Pub in Reading in London
✨Tip Number 1
Get to know the local scene! Spend some time in Reading, check out other pubs and eateries, and see what works. This will help us understand the competition and spot gaps in the market that we can fill with our unique food and drink offerings.
✨Tip Number 2
Network like a pro! Attend local events or join hospitality groups in the area. Building relationships with suppliers and other business owners can lead to great partnerships and ideas for our pub's menu and marketing strategies.
✨Tip Number 3
Show off your experience! When we apply, let’s highlight our past successes in running food-led pubs. Share specific examples of how we’ve driven trade and created memorable experiences for customers – this will make us stand out!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, we can tailor our pitch directly to what they’re looking for in a new operator for The Thirsty Bear.
We think you need these skills to ace Run a Food-Led High Street Pub in Reading in London
Some tips for your application 🫡
Show Your Passion for Food and Drink: When you're writing your application, let us know how much you love food and drink! Share your ideas on what you’d bring to The Thirsty Bear’s menu and how you’d create a memorable experience for our customers.
Highlight Your Experience: We want to hear about your background in the hospitality industry. Be sure to mention any relevant experience you have running or owning a food-led pub, as this will really help us see how you can contribute to our success.
Be Creative with Your Ideas: Don’t hold back! We’re looking for fresh ideas to drive trade at The Thirsty Bear. Whether it’s unique food offerings or innovative marketing strategies, share your vision and how you plan to make the pub stand out.
Apply Through Our Website: Make sure to submit your application through our website. It’s the best way for us to receive your details and get the ball rolling on this exciting opportunity. We can’t wait to hear from you!
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Audience
Before the interview, get to know the demographics of the area and the customer base. Understand what appeals to employed adults in a high affluence area like Reading. This will help you tailor your ideas for food and drink offerings that resonate with potential customers.
✨Showcase Your Vision
Be prepared to share your clear vision for the pub's food and drinks menu. Think about unique offerings or themes that could set The Thirsty Bear apart from other pubs. Presenting a well-thought-out strategy will demonstrate your commitment and creativity.
✨Engage with Ideas
Come armed with fresh ideas on how to drive trade. Whether it’s special events, seasonal menus, or partnerships with local suppliers, showing that you’re proactive about enhancing the pub’s appeal will impress the interviewers.
✨Financial Savvy is Key
Understand the financials behind running a pub. Be ready to discuss how you would manage costs, pricing strategies, and potential revenue streams. This knowledge will show that you’re not just passionate about hospitality but also capable of running a successful business.
