At a Glance
- Tasks: Run a vibrant pub, create exciting food and drink menus, and drive trade with live entertainment.
- Company: Milbourne Arms, a charming pub in Whitley Bay with a modern twist.
- Benefits: Opportunity to shape the pub's future and engage with the local community.
- Why this job: Bring your vision to life and create memorable experiences for customers.
- Qualifications: Experience in hospitality and a passion for food and drink.
- Other info: Enjoy a dynamic environment with potential for growth and creativity.
The predicted salary is between 30000 - 42000 £ per year.
Pub Overview
The pub is furnished to combine "rural character" with a modern twist. What would you do with this pub to make it even more of a success?
The area
The Milbourne Arms is located in the village of Hollywell in Whitley Bay. The pub is surrounded by some local businesses and mixed housing.
Demographics
The pub benefits from being one of 3 pubs found in an area of around 1,295 adults within a 10-minute walk time. The Milbourne Arms customer base is made up of mature and midlife adults.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a food & drink offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment and live sports. It offers a selection of a pub classic menu, a popular carvery, and 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 pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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
- Foundation Tenancy
- Outdoor Trade
- Function Room
- Catering Kitchen
- Car Park
- Pub Games
- Private Accommodation
- Music Venue
- Live Sports
Trading Area & Facilities
- Main trading area with bar
- Large beer garden & separate courtyard area
- 90 internal covers within the main building & sports bar
- 60 external covers
- Catering kitchen
- Stable Bar acts as a separate Function room if required
- SmartDispense
- Car park with 8 spaces
- Private Accommodation consists of 3 bedrooms, office, a living room, kitchen, bathroom
Pub Financials
Estimated Total Ingoing Costs £58,042
Estimated Minimum Ingoing Costs £13,280
Annual Rent £28,571
Estimated Annual Turnover £515,032
Deposit £7,142
Estimated Fixtures & Fittings Value £40,000
Estimated Stock Valuation £7,400
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 - Milbourne Arms Holywell - Whitley Bay 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 - Milbourne Arms Holywell - Whitley Bay
✨Tip Number 1
Get to know the local scene! Spend some time in the Milbourne Arms and other pubs nearby. Chat with locals and understand what they love about their pub experience. This will help us tailor our offerings to what the community really wants.
✨Tip Number 2
Show off your creativity! Think about unique food and drink ideas that could set the Milbourne Arms apart. Whether it’s a special cocktail or a themed food night, we want to hear how you can make this pub the go-to spot in Hollywell.
✨Tip Number 3
Don’t forget about entertainment! Consider how we can use live sports and music to draw in crowds. Share your vision for events that could keep the atmosphere buzzing and customers coming back for more.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets noticed. We’re excited to see what you can bring to the Milbourne Arms and can’t wait to read your ideas!
We think you need these skills to ace Run a Star Pub - Milbourne Arms Holywell - Whitley Bay
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 much you care about creating a great experience for customers at the Milbourne Arms.
Be Specific About Your Ideas: Don’t just say you have ideas; share them! Whether it’s a new food menu or entertainment options, we love hearing your unique vision for driving trade. The more specific, the better!
Highlight Relevant Experience: If you've got experience running or owning a pub, make sure to showcase it! We’re looking for someone with a solid background in hospitality, so tell us how your past roles have prepared you for this opportunity.
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 you one step closer to running the Milbourne Arms.
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Pub Inside Out
Before the interview, make sure you’re familiar with the Milbourne Arms and its unique offerings. Think about how you can enhance its rural charm while adding a modern twist. Be ready to discuss specific ideas for the food and drinks menu that would appeal to the local demographic.
✨Showcase Your Experience
If you’ve got experience running or owning a pub, flaunt it! Share specific examples of how you’ve successfully driven trade in the past. Highlight any innovative marketing strategies or entertainment ideas you've implemented that could work well at the Milbourne Arms.
✨Engage with the Community
Demonstrate your understanding of the local community and how you plan to engage with them. Discuss potential partnerships with local businesses or events that could attract more customers. Showing that you care about the community will set you apart from other candidates.
✨Prepare for Questions on Financials
Be ready to discuss the financial aspects of running the pub. Familiarise yourself with the estimated costs and turnover mentioned in the job description. Prepare to explain how you would manage these finances effectively while ensuring profitability and sustainability.