Pub Overview

The Study Room is located in the heart of Lancaster, one of Englands Heritage Cities. The City itself provides historical interest, with castles, churches and cathedrals as well as providing one of the top 15 universities in the UK, making this pub a great opportunity to attract footfall from a range of customers - from tourists, students and locals.

A 3D walkthrough of the pub is available here - The Study Room (google.com)

There are 40 pubs within a 10 minute walk time of just under 8,000 adults, making this a great opportunity for the right operator to create a unique offering to stand out from the pubs competitors. The customer base is mainly made up of a mixture of low and high-affluence adults, making this a great opportunity to be diverse and flexible with your food & drinks offering.

The Study Room is a beautiful example of artistic décor, comprising of open plan seating of over 100 covers internally with a further 20 guests seating outside in the raised external drinking area to the rear.

This pub has the look and modern feel, of a Stately Home Study Room internally, hence the name, currently offering ample bar bites like hot dogs, burgers & nachos, Halloumi Fries, Chorizo Skewers plus draught beer & many, many cocktails on offer.

With an array of shops, businesses, eateries, car parking and Universities and Schools locally, there is an abundance of tourists, passers-by and locals to tap into, to attract them to the unique Cocktail Bar and Dining establishment and their current Bottomless Bruch offer every Saturday and Sunday afternoons.

Take-aways are also a big attraction here available via Deliveroo and Just Eat, catering for all of the university students on a daily basis.

Cuisine Style is a more of a British Cocktail Bar feel that serves British and International Food that currently caters for Special Diets, Vegetarian Friendly, Vegan and Gluten Free Options.

The Study Room provides a great place for Lunch, Dinner, Brunch, Drinks and evening entertainment, serving great cocktails. The pub hosts a weekly quiz night on a Thursday with prizes and also hosts live music at weekends.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a 60/40 drinks & food 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 weekly quizzes. It offers a selection of popular beers, ciders, wines and spirits, cocktails, and small plates.

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 high street foot outlet hospitality business, with knowledge on kitchen operations and bistro style food. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer in order to create a memorable experience for their customers. Cocktail experience would be an advantage.

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
Cask Ale
Catering Kitchen
Music Venue
Outdoor Trade
Pub Games
Private Accommodation

Trading Area & Facilities

Main trading area with bar
Separate dining room
100 internal covers
20 external covers
Large open plan kitchen
Decked outdoor terrace area with festoon lighting
Local parking available

Private Accommodation

No private accommodation is available. There is office space available to run the business from, and storage facilities available upstairs.

Pub Financials

Annual Rent £
48,500
Estimated Annual Turnover £
807,936
Deposit £
12,125
Estimated Fixtures & Fittings Value £
40,000
Estimated Stock Valuation £
8,230
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
63,855
Estimated Minimum Ingoing Costs £
15,772

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.

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Run a Star Pub - Study Room Lancaster - Lancaster