Run a Star Pub - Holystone Shiremoor - Newcastle Upon Tyne

Job Details

Pub Overview

Fantastic opportunity to run a community pub with letting rooms.

What would you do with this pub to make it a success?

The area

The Holystone Shiremoor is located within a residential area of North Tyneside, 5 miles from the coast. The pub is surrounded by residential housing with commercial and retail premises nearby such as Cobalt Business Park and Silverlink. The location is just off the A19 with easy access to the Tyne Tunnel and the Coast Road to Newcastle.

Demographics

The pub benefits from being one of 2 pubs found in an area of around 2,162 adults. The customer base is made up of settled families, busy couples and homeowners.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a well thought through food, drinks, entertainment offer as well as managing the letting rooms effectively. What food would you look to implement in the pub?

The site currently has the ability to drive trade via live sports and a great pub food menu, selection of pub games, such as pool, darts and live sports. It offers a selection of a pub classic menu and popular beers, ciders, wines and spirits.

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 community led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and running the letting rooms to be able to 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...

* 25% rent reduction will be applied to first 12 months following completion of a fully signed lease agreement (5 years England & Wales, 3 years Scotland) on selected properties only. No cash alternative is payable.

Features

• Foundation Tenancy
  
• Letting Rooms
  
• Catering Kitchen
  
• Pub Games
  
• Live Sports
  
• Outdoor Trade
  
• Car Park
  

Trading Area & Facilities

• Main trading area with bar
• 70 internal covers
• 40 external covers
• Large, open trading kitchen
• Smart Dispense
• 9 letting rooms
• Patioed beer garden to the front and rear
• Car park

Private Accommodation

The pub has no private accommodation.

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**:

£12,855 - £31,564

Annual

Estimated Annual Turnover

£340,717

Annual Rent

£22,255

Entry Costs

Deposit
**Deposit build up from 1 month rent

£5,564**

Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available

£15,000**

Stock Valuation

£7,500

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