At a Glance
- Tasks: Revamp and run a premium local pub celebrating Irish heritage and sports.
- Company: Star Pubs, known for transforming iconic pubs into community hubs.
- Benefits: Investment tenancy, private accommodation, and a vibrant working environment.
- Other info: Exciting opportunity with significant refurbishment and growth potential.
- Why this job: Lead the revival of a beloved pub and create memorable experiences for locals.
- Qualifications: Experience in premium hospitality and a passion for community engagement.
The predicted salary is between 30000 - 40000 £ per year.
Pub Overview
There is a refurbishment planned to spend in the region of £263,000 to transform the Mother Red Cap into a premium local pub that celebrates its Irish heritage, strong sports offer and iconic Holloway Road location. What would you do with this pub to make it a success?
About the area
Mother Red Cap is an iconic pub on Holloway Road in North London, very close to Archway underground station. With 66,232 adults living within walking distance of the pub, the site benefits from a strong local catchment and excellent visibility in a busy high street location. The area has a vibrant hospitality scene, with a wide range of pubs along Holloway Road, including sports-led value pubs, high-end gastro food pubs and managed houses. Mother Red Cap has been closed for nearly two years, creating a clear opportunity to relaunch a well-established pub and rebuild its role in the local community. Historically, the pub was known as a really good Irish pub. The refurbishment will lean into that heritage while introducing a premium look and feel, multiple screens for sport, a darts throw and an improved courtyard with an external screen. This will help reposition the pub to appeal to a broader and more diverse customer base, including younger professionals looking for after-work socialising, sports fans and local residents looking for a welcoming premium local.
The offer
Mother Red Cap is available on our investment tenancy agreement. Please refer to the Refurbishment Details section for details of the investment being made. 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 Mother Red Cap will have extensive experience in premium local hospitality businesses, particularly those with strong drinks, sport and community-led appeal. They will have a clear vision for the drinks range, sports offer, entertainment, Irish heritage and 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
- Private Accommodation
- Outdoor Trade
- Live Sports
- Pub Games
Trading Area & Facilities
The refurbishment of the pub will cover both the interior and exterior. 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
- Snug area
- Separate games and sports zone
- 50 internal covers
- 16 external covers
- HEINEKEN SmartDispense
- Refurbished private accommodation with three bedrooms
- Pub garden / courtyard
- Multiple screens
- Darts throw
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, living room, and bathroom.
Pub Financials
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 £63,419 Annual Estimated Annual Turnover £786,426 Annual Rent £82,374 Entry Costs Deposit £20,594 Estimated Fixtures & Fittings Value £26,825 Stock Valuation £12,500 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.
Run a Star Pub - Mother Red Cap Holloway - London employer: Star Pubs Leased & Tenancy
At Star Pubs, we pride ourselves on being an exceptional employer, offering a unique opportunity to lead the revitalisation of the iconic Mother Red Cap in Holloway, London. With a strong focus on community engagement and a commitment to creating a premium pub experience, we provide our operators with extensive support, a vibrant work culture, and opportunities for personal and professional growth. Join us in shaping a welcoming space that celebrates Irish heritage while catering to a diverse clientele in a bustling area known for its rich hospitality scene.
Contact Details:
Star Pubs Leased & Tenancy Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Run a Star Pub - Mother Red Cap Holloway - London
✨Tip Number 1
Get to know the local community! Spend some time in the area around Mother Red Cap, chat with locals, and understand what they want from their pub. This will help us tailor our offerings and create a welcoming atmosphere.
✨Tip Number 2
Show off your passion for hospitality! When we meet potential partners or investors, let’s share our vision for the pub and how we plan to celebrate its Irish heritage while appealing to a diverse crowd. Enthusiasm goes a long way!
✨Tip Number 3
Network like a pro! Attend local events or join hospitality groups to connect with other pub owners and industry professionals. These connections can lead to valuable insights and opportunities that could benefit Mother Red Cap.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing creative ideas on how you’d make Mother Red Cap the go-to spot for locals and sports fans alike.
We think you need these skills to ace Run a Star Pub - Mother Red Cap Holloway - London
Some tips for your application 🫡
Show Your Passion:When you're writing your application, let your love for pubs and hospitality shine through! We want to see your enthusiasm for creating a vibrant community space that celebrates Irish heritage and sports.
Be Specific About Your Vision:Don’t just say you have ideas; share them! Tell us how you envision transforming Mother Red Cap into a premium local pub. We’re keen to hear about your plans for the drinks range, entertainment, and marketing strategies.
Highlight Relevant Experience:Make sure to showcase any previous experience you have in running or owning a pub, especially in premium local hospitality. We’re looking for someone who knows the ropes and can bring that expertise to our iconic pub.
Apply Through Our Website:Ready to take the plunge? Make sure to apply through our website! It’s the best way for us to receive your application and get the ball rolling on this exciting opportunity.
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Pub History
Before the interview, brush up on the history of Mother Red Cap and its significance in the local community. Understanding its Irish heritage and past successes will help you articulate how you plan to honour that legacy while introducing new ideas.
✨Craft a Vision for Success
Prepare a clear vision for the pub's future. Think about the drinks range, sports offerings, and entertainment options that will attract a diverse customer base. Be ready to discuss how you would create a welcoming atmosphere for both locals and professionals.
✨Engage with the Community
Show your understanding of the local area and its vibrant hospitality scene. Discuss how you would engage with the community through events or promotions that celebrate local culture and sports, making the pub a hub for socialising.
✨Financial Savvy is Key
Familiarise yourself with the financial aspects of running a pub, including estimated turnover and costs. Be prepared to discuss how you would manage the budget effectively while ensuring a premium experience for customers.
