Pub Overview The area The Collingwood Arms is located in the Jesmond area of Newcastle. The pub is surrounded by residential housing. Demographics The pub benefits from being one of 13 pubs found in an area of around 6,000 adults. The customer base is made up of young adults and families. 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 strong food & drinksoffer. What food & drinks would you look to implement in the pub? It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales. There is an opportunity to introduce live entertainment and/or live sports. 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 experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy 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 Catering Kitchen Foundation Tenancy Outdoor Trade Private Accommodation Pub Games Cask Ale Trading Area & Facilities Main trading area with bar 45 internal covers Small catering kitchen SmartDispense Outdoor Trade Pub Games Private Accommodation Private accommodation consists of 2 bedrooms, kitchen, a living room, bathroom and a small roof terrace. Pub Financials Annual Rent £ 32,097 Estimated Annual Turnover £ 390,725 Deposit £ 8,024 Estimated Fixtures & Fittings Value £ 11,335 Estimated Stock Valuation £ 7,000 Estimated Working Capital £ 3,500 Estimated Total Ingoing Costs £ 29,859 Estimated Minimum Ingoing Costs £ 13,175 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.