Run a Star Pub - Peacock Newcastle - Newcastle Upon Tyne

Job Details

Pub Overview

A major refurbishment investment of around £225,000 is planned to transform The Peacock into a quality local pub with food, sport and entertainment at its heart, perfect for it's residential setting. What would you do with this pub to make it a success?

The area

Located in the middle of a large estate in Kenton, close to Goforth, Newcastle. The pub benefits from a huge number of adults with no other pub nearby, with 3,937 people within a 10-minute walk and 13,362 within 20 minutes. The customer base is predominantly mid-affluence and over 35 years old. The pub is key to the estate and close to bus stops.

The offer

The Peacock is available on our investment tenancy agreement, Click here for more information on this agreement . We’re carrying out a full refurbishment to all rooms and toilets, redeveloping the kitchen, and updating the exterior with new signage and repairs to the fascia and roofline. Once complete, it will offer family pub favourites, Heineken UK drinks, coffee pod service, and a strong rhythm of the week including quizzes and live sport.

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 Peacock will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and sports offer, and can create a memorable experience for their customers.

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

• Investment Tenancy
  
• Refurbishment Planned
  
• Cask Ale
  
• Pub Games
  
• Outdoor Trade
  
• Car Park
  

Trading Area & Facilities

The Peacock will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pubs trading area and facilities post refurbishment will be:

• Main trading area with bar
• 95 internal covers
• 24 external covers
• Catering kitchen
• SmartDispense
• Small garden
• Car park with 25 spaces

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

Private accommodation consists of 3 bedrooms, kitchen, bathroom, a living room, and a living room

Pub Financials

Pub Financials Icon
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.

Indicative entry costs range from**:

£16,692 - £38,692

Annual

Estimated Annual Turnover

£431,950

Annual Rent

£26,248

Entry Costs

Deposit

£6,562

Estimated Fixtures & Fittings Value

£22,000

Stock Valuation

£6,630

Working Capital Required

£3,500

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow
• Refurbishment Details Download arrow