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For Companies At a Glance
- Tasks: Transform The Thirsty Bear into a thriving pub with your unique food and drink ideas.
- Company: Join a well-established pub in the vibrant town centre of Reading.
- Benefits: Enjoy private accommodation and a chance to shape your own menu.
- Why this job: Make your mark in a high-affluence area and create memorable experiences for customers.
- Qualifications: Experience in running a food-led pub and a clear vision for success.
- Other info: Great opportunity for creativity and career growth in hospitality.
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 are always open to new ideas, what would you do to drive trade?
If you have benefited from running or owning a food led pub business, we would 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 have 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 & 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 - Thirsty Bear Reading - 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 Star Pub - Thirsty Bear Reading - Reading in London
✨Tip Number 1
Get to know the local scene! Spend some time in Reading, check out other pubs, and see what works for them. This will help us understand the competition and spot gaps in the market that we can fill.
✨Tip Number 2
Craft a killer pitch! When we apply, let’s showcase our unique vision for the Thirsty Bear. Highlight our ideas for food and drink offerings, and how we plan to create an unforgettable experience for customers.
✨Tip Number 3
Network like a pro! Reach out to local suppliers, foodies, and even potential customers on social media. Building relationships now can give us a head start when we take over the pub.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application stands out. Let’s make sure we follow all the guidelines and show them why we’re the perfect fit for this opportunity.
We think you need these skills to ace Run a Star Pub - Thirsty Bear Reading - Reading in London
Some tips for your application 🫡
Show Your Passion: When you're writing your application, let your enthusiasm for the pub industry shine through! We want to see how excited you are about running The Thirsty Bear and what unique ideas you have to make it a success.
Be Specific About Your Experience: Don’t just say you’ve worked in hospitality; tell us about your specific experiences! Share examples of how you've successfully managed food and drink offerings or created memorable customer experiences in the past.
Craft a Clear Vision: We’re looking for operators with a clear vision for the pub. In your application, outline your ideas for the food and drinks menu, marketing strategies, and how you plan to drive trade. Make it compelling!
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 ensures you don’t miss out on this incredible opportunity at The Thirsty Bear!
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 around The Thirsty Bear. Understand who your customers are and what they might be looking for in a pub experience. This will help you tailor your ideas for food and drink offerings that resonate with the local community.
✨Showcase Your Vision
Be prepared to share a clear vision for the pub's food and drinks menu. Think about innovative ideas that could drive trade, such as themed nights or unique drink pairings. Presenting a well-thought-out strategy will demonstrate your understanding of the business and your commitment to its success.
✨Highlight Relevant Experience
If you've run or owned a food-led pub before, make sure to highlight this experience during the interview. Share specific examples of what worked well and how you overcame challenges. This will show that you have the practical knowledge needed to manage The Thirsty Bear effectively.
✨Engage with Questions
Prepare thoughtful questions to ask during the interview. Inquire about the current challenges the pub faces or what the team values most in a new operator. This not only shows your interest but also helps you gauge if the pub aligns with your vision and goals.
