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For Companies At a Glance
- Tasks: Run a vibrant pub, create memorable experiences, and manage food and drink offerings.
- Company: The Mitre Inn, a newly refurbished pub in Stourbridge town centre.
- Benefits: Investment opportunity with private accommodation and potential for high earnings.
- Why this job: Be part of an exciting pub transformation and engage with the local community.
- Qualifications: Experience in hospitality and a passion for creating great customer experiences.
- Other info: Opportunity for growth in a dynamic environment with a focus on food and drink.
The predicted salary is between 30000 - 42000 £ per year.
Pub Overview
Major refurbishment to prominent town-centre pub.
The Area
The Mitre is located in Stourbridge town centre, in a very prominent position. The pub benefits from being in a great location in the town. There are around 4,000 adults within a 10-minute walk and approximately 17,000 within a 20-minute walk. There are 15 competing pubs within a 10-minute walk. While there are no major landmarks nearby, the pub is well placed near good local travel networks.
The Offer
The Mitre is available on our Investment Tenancy agreement. Most other pubs locally are wet-led, but The Mitre will stand out by offering great cooked food alongside a top range of beer and cider brands. With its newly renovated interior, the pub will appeal to all ages and mixed groups, and the function room provides an additional opportunity for private hire. 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 The Mitre will have extensive experience in high street hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer 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
- Refurbishment Planned
- Private Accommodation
- Catering Kitchen
- Function Room
- Outdoor Trade
- Car Park
Trading Area & Facilities
The Mitre will undergo a full refurbishment covering the internal and external areas of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pub’s trading areas and facilities post-refurbishment will be:
- Main trading area with bar
- Separate dining room
- 100 internal covers
- 16 external covers
- Catering kitchen
- Function room
- SmartDispense
- Beer garden
- Car park with 5 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 3 bedrooms, a lounge, kitchen, and a bathroom.
Pub Financials
Estimated Total Ingoing Costs £30,600
Estimated Minimum Ingoing Costs £30,600
Annual Rent £30,000
Estimated Annual Turnover £479,189
Deposit £7,500
Estimated Fixtures & Fittings Value £13,600
Estimated Stock Valuation £6,000
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 - Mitre Inn Stourbridge - Stourbridge 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 - Mitre Inn Stourbridge - Stourbridge
✨Tip Number 1
Get to know the local scene! Spend some time in Stourbridge, check out the competition, and understand what makes The Mitre unique. This will help you craft a vision that stands out when you chat with us.
✨Tip Number 2
Show off your experience! When you apply, highlight your past successes in hospitality. We want to hear about your food and drink ideas, and how you've created memorable experiences for customers before.
✨Tip Number 3
Be ready to discuss your marketing strategy! Think about how you can attract locals and make The Mitre the go-to spot. We love innovative ideas that can bring in a crowd, so don’t hold back!
✨Tip Number 4
Apply through our website! It’s the best way to get your application noticed. Make sure to include all the exciting plans you have for The Mitre, and let’s start this journey together!
We think you need these skills to ace Run a Star Pub - Mitre Inn Stourbridge - Stourbridge
Some tips for your application 🫡
Show Your Experience: When applying, make sure to highlight your previous experience in running or owning a pub. We want to see how your background can contribute to making The Mitre a standout venue in Stourbridge.
Craft Your Vision: Share your clear vision for the food and drinks menu, as well as your ideas for entertainment and marketing strategies. This is your chance to show us how you plan to create memorable experiences for our customers!
Be Authentic: Let your personality shine through in your application. We’re looking for someone who can connect with the community and bring a unique flair to The Mitre, so don’t be afraid to be yourself!
Apply Through Our Website: Make sure to submit your application through our website. It’s the easiest way for us to review your details and get back to you about this exciting opportunity at The Mitre!
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Pub Inside Out
Before the interview, make sure you’ve done your homework on The Mitre. Familiarise yourself with its location, the refurbishment plans, and the local competition. This will show that you’re genuinely interested and ready to hit the ground running.
✨Craft a Unique Vision
Think about what makes your approach to running a pub special. Prepare to discuss your ideas for the food and drinks menu, entertainment options, and marketing strategies. Having a clear vision will demonstrate your commitment to creating a memorable experience for customers.
✨Showcase Your Experience
Be ready to share specific examples from your past experiences in high street hospitality. Highlight any successes you've had in similar roles, especially in managing a pub or restaurant. This will help the interviewers see how your background aligns with their needs.
✨Engage with Questions
Prepare thoughtful questions to ask during the interview. Inquire about the community's preferences, the expected challenges post-refurbishment, or how they envision the pub's role in the local area. This shows your enthusiasm and willingness to engage with the business.
