Pub Overview The Area The pub is located in Bishop Auckland on the traditional town centre circuit. The area has medium affluence, with higher numbers of mature customers. There are 3,300 adults within a 10-minute walk and 8,967 within 20 minutes. Situated on a high street with 17 other pubs, the main competitor is The King’s Head. The site benefits from being five minutes from the train station, with multiple bus routes, a busy shopping centre and surrounding shops and pubs. The Offer The pub is available on our investment tenancy agreement, click here to learn more about our agreements We’re creating a community wet pub that will suit couples, circuit drinkers and daytime customers. It will stand out through quality finishes, TVs, sport and a great offer, with an impressive range of ales and lager. Entertainment will include sport, pub games and other entertainment. 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 be an experienced local with knowledge of the Bishop Auckland high street circuit. They will have a clear vision for their drinks menu, entertainment offer and marketing strategy and can create a memorable experience for their customers. Features Investment Tenancy Refurbishment Planned Outdoor Trade Live Sports Pub Games Private Accommodation Trading Area & Facilities The Cumberland Arms 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 Separate dining room Pub games area SmartDispense 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 three bedrooms, lounge, kitchen/diner and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £31,405 Estimated Minimum Ingoing Costs £31,405 Annual Rent £14,884 Estimated Annual Turnover £258,167 Deposit £3,721 Estimated Fixtures & Fittings Value £20,000 Estimated Stock Valuation £4,184 Estimated Working Capital £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 Refurbishment Details Download arrow