Licensee - Norman Arms, St Leonards

Location
St Leonards-on-Sea, East Sussex
Salary
Business Opportunity
Posted
05 Sep 2017
Closes
05 Oct 2017

Licensee - Norman Arms, St Leonards

Minimum Ingoing Costs: £11,282

Annual Rent: £35,000

Annual Turnover: £350,110

Seaside Site
Located on a fantastic high street position in St. Leonards-on-Sea, the Norman Arms is a superb site, due to undergo a massive investment. This incredible location is within walking distance to East Sussex popular beaches, promenade and Warrior Square public gardens.

Future Food Focus
Overlooking the street, the spacious lounge and bar has ample room to accommodate both drinkers and diners. This feature, combined with the town’s changing demographic profile, means there is a considerable opportunity to grow the business through the introduction of a suitable food offer.

Visionary Operator 
Do you have the vision to develop an incredible proposition and make best use of the refurbishment works? Skills in developing a good food offering are important, alongside engagement with the local community. Local knowledge of this area would be a benefit but not essential.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an “Investment Exemption” will be required. The exemption means that the option of a Market Rent Option lease won’t be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Important information

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.