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New Inn Chapel

1 MANCHESTER ROAD, Chapel-En-Le-Frith, Derbyshire, SK23 9SR

Refurb Planned

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Beer Garden
Dogs Welcome
Entertainment
Family Friendly
Food
Function Room
Great Cask Ales
Live Sport
Parking
Walks
Wi-Fi

Area Overview

Chapel-en-le-Frith is a small town in Derbyshire, England, on the edge of the Peak District, dubbed “The Capital Of The Peak District”. The Market Place is still cobbled and a market is held every Thursday, bringing in people from nearby districts. It is surrounded by pubs and most of the remaining old buildings of the town. The Market Place also contains a fine old market cross, the old town stocks, the war memorial and a horse trough placed here to celebrate Queen Victoria’s Diamond Jubilee. Chapel-en-le-Frith railway station is located 1.5 km from the town centre, on the commuter line from Buxton to Manchester Piccadilly. Each year in June Chapel-en-le-Frith comes alive for the local carnival. The streets are decorated, local shopkeepers deck out their windows, and a colourful procession wends its way to the Memorial Park. 

Private Accommodation

The private accommodation on the first floor is large and in good condition. It consists of a lounge, four good-sized bedrooms, office area, well fitted kitchen, bathroom and toilet. 

Property Address

New Inn Chapel 1 MANCHESTER ROAD
Chapel-En-Le-Frith
Derbyshire
SK23 9SR

Website

New Inn

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Overview

**REFURBISHMENT PLANNED FOR 2018 - click here to see**  The New Inn is a traditional stone-built, detached pub set on the Manchester Road through the village of Chapel-en-le-Frith in the High Peak area of Derbyshire.  Surrounded by housing this popular pub has a good reputation for food and drink.  Robinsons are seeking a new licensee, ideally with catering experience, who is willing to take the pub on now (with a generous rent concession) and have the ability to work in partnership with us to deliver the refurbishment in 2018. Please note: The terms advertised are post-refurb. For illustrative purposes please see the attached proposed designs and floorplan.

Trading Accommodation

Currently the New Inn has a main bar area with two lounge rooms off, the room to the left features a stone fireplace with wood-burning stove, original wooden flooring and comfortable seating for drinking and dining. The room to the right is also comfortably decorated, again with original wooden flooring. Stairs lead up to the 1st floor games room with a full sized snooker table and pool table. Behind the bar you access a storeroom which houses fridges and freezers before stepping into the well-equipped catering kitchen.  There is also a beer patio and small car park to rear.  Please note: The terms advertised are post-refurb.  For illustrative purposes please see the attached proposed designs and floorplan here.

Financials

Rent: £20,000 per annum
Potential FMT turnover: £262,175
  • Accommodation
    £N/A
  • Beverages
    £200,175
  • Food
    £60,000

Barrelage

A barrel is a unit of measurement adopted by the pub and brewing industry. A barrel is 36 gallons or 288 pints. This excludes wines, minerals and spirits.

FMT Barrelage 175
Current MAT Barrelage 106
Last Year's MAT Barrelage 124
2 Years Ago MAT Barrelage 159
3 Years Ago MAT Barrelage 174

Discounts excl VAT

This rent assessment includes a discount of £65 per barrel on Robinsons beers and up to £55 on other beers and ciders.

Level Of Investment

This is a one-off payment made at the start of the vacancy agreement. All figures are estimates and include VAT.

4 Week's Rent £1,538
Trading Deposit £5,000
Professional Fees £1,400
Stock & Glassware £3,000
Sub Total £10,938
Fixtures & Fittings £12,000 TBD

Disclaimer

FMT barrelage: Please note that this assessment is based on the "fair maintainable trade" that can be achieved by a "reasonably efficient operator" and is not therefore a guarantee of volume or consequential sales or profit.

Similarly Historic performance, whilst a significant factor to consider, is not a guarantee of future performance of a pub and you should bear this in mind in your assessment of trading potential.

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