- Beer Garden
- External Drinking Area
- Catering Kitchen
- Function Room
- Team Games
- Pool Area
- Live Entertainment
- Car Park
- Childrens Play Area
- Live Sports
- Experienced Operator
£600,000 Investment creating a community pub to be proud of!
|Agreement Type:||Self Employed Management|
|Reference Number:||8M9JTW / 2302695101|
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Situated only a five-minute drive from Scunthorpe town centre, this large pub is set to undergo a stunning external and internal refurbishment to build a new trade kitchen, and to reclaim a largely underutilised function space to bolster the trading area found at the heart of the pub. The Cocked Hat is surrounded by plenty of residential housing with 1,900 adults living within a 10-minute walk - all of whom are families and aspiring homemakers, showcasing how this is the perfect pub for a mainstream family offer.
The landlords plan to invest in The Cocked Hat to transform it into a modern family hub that everyone can enjoy. Inside, the change to an open plan dining and drinking area will maximise the use of the previous function room area. It will appeal to both drinkers and diners alike and accommodate 122 covers internally. The interior will also be fully refurbished with new flooring and fixtures, and a variety of decorative features will be added to create an enjoyable space that appeals to all.
An added bonus is the pub's large external refurbishment, alongside the new signage and lighting scheme, this will make the most of the area to see footfall increase. They will also be installing a children's play area to keep the little ones happy while adults relax on the new patio areas making it a great place for families to come.
Following the investment the landlords expect to see all the trading areas transformed, increasing the internal covers to 122 growing the food and coffee offer in the site, making it the go-to pub in the heart of the family dominated areas. Live sports and pub games are currently popular, and they will be looking for the next operator to capitalise on this as they will be creating a dedicated pub game & sports area.
Are you skilled in customer service? Do you have the ability to lead a motivated team? You may be from a management background in hospitality or retail - what matters is your passion for great customer service and your ability to lead and motivate a team of staff. Prior experience in a team leadership role will be essential. Knowledge of the local area will also be preferred for this pub.
Private accommodation consists of three bedrooms, living room, kitchen and bathroom. In line with the landlords ready to trade Promise, they will ensure the necessary works are completed on the private accommodation of the pub.
Key Financial Information
Please be aware energy performance certificates are available from the landlord.
- At least 25% of the net turnover
- 20% of the net operating profit which is uncapped and fixed across all sites
The ingoing costs are much lower on this agreement than a standard lease at £4,000, while the level of support from the landlords is high. Your reward for your hard work and dedication will be uncapped earnings through their shared profit & turnover scheme, being your own boss and running your own business. In addition to all of this, you will have a new home to call your own for you and your family.
MISREPRESENTATION ACT 1967
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