Licensee - Cross Hands Hotel, Newport
Minimum Ingoing Costs: £11,028
Annual Rent: £28,000
Annual Turnover: £318,462
Fantastic Refurbishment Planned!
The Cross Hands holds a prominent corner position on the busy Chepstow Road to the east of Newport city centre. Situated in a densely populated residential area, and only a short drive to Jct 24 of the M4, the pub benefits from both local and passing trade.
The area is populated with low to middle income singles and families as well as older couples close to retirement, creating demand for a good local pub. A connection to the community with support for local pub games and teams is therefore important to the success of the Cross Hands.
It is currently a 90% wet led local pub. The Cross Hands also boasts 6 letting rooms, which due to the pub's location near the M4, proves popular with contractors working in the area. Currently accounting for 8% of turnover, this is a fantastic additional income stream for the pub and with the right marketing can be fully maximised.
Post refurbishment the improved bar area will appeal to existing customers looking for sport and pub games. The proposed work to the lounge and the rest of the pub will create a venue appealing to new customer segments looking to enjoy a catch up and a bite to eat with friends or family.
Experienced and Visionary Operator
The ideal operator for the Cross Hands will have a good level of local knowledge and be able to work closely with the local community. Support for pub teams such as pool and darts is essential, along with the enthusiasm to extend this to other team sports like rugby and football. Skills in engaging with social media and online advertising will also be important to the long term success of the Cross Hands.
Please be aware that all trading documents inclusive of the full Rent Model, Schedule of Conditions, Schedule of Works, Energy Performance Certificates etc are available directly from the Star Pubs & Bars website.
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.