Licensee - Craven Arms
Craven Arms Shropshire
Ingoing Costs: £17,465
Annual Rent: £55,000
Annual Turnover: £484,427
The subject of a major refurbishment, the Craven is a large, prominent pub and hotel located in the centre of the market town of Craven Arms, Shropshire. Situated next to the busy A49, the pub is in the centre of Craven Arms and located beside a small island which causes cars slow to down when driving past, making it a perfect location to attract passing trade. The area is supported by affluent demographics of families with grown up children living in suburban housing, alongside recent retirees and a workforce that serves the needs of the town.
The refurbishment will develop a fantastic site with two bars and a restaurant, and add eight brand new en-suite letting rooms to attract both locals and travellers who are visiting the beautiful Shropshire Hills.
Ideal candidate will have experience in developing and expanding a food offer, and operating letting bedrooms. They will also have the capability to advertise, market, use social media to promote their business.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
The private accommodation at the Craven Arms consists of four bedrooms, lounge, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
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.