Pub Overview The Blue Bell offers a great opportunity for someone who wants to take on a well-backed, newly refurbished community pub with strong local potential. A full refurbishment will revitalise the pub, restoring it as a proper community venue. What would you do with this pub to make it even more of a success? The Area The pub is located in the suburbs of Washington, Tyne and Wear and stands alone on the main road through the suburb. It is surrounded by houses and benefits from having its own local catchment with limited direct competition. The Offer The Blue Bell is available on our investment tenancy agreement. Click here for more information on this agreement. A full refurbishment will redecorate all trade areas and customer toilets, with the kitchen redeveloped to support a simple but effective pub menu. New furniture, finishes and layout improvements will create a warm and functional space for both drinkers and diners, while external upgrades will improve kerb appeal and outdoor trading capacity. 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 Blue Bell will have extensive experience in community-led hospitality businesses. They will have a clear vision for their food & drink menu, entertainment offer, and can create memorable experiences 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 Catering Kitchen Pub Games Car Park Outdoor Trade Private Accommodation Refurbishment Planned Trading Area & Facilities The Blue Bell will be undergoing a refurbishment which will cover the internal and external areas of the pub. A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads. The pub’s trading areas and facilities post refurbishment will be: Main trading area with bars 86 internal covers 44 external covers Catering kitchen HEINEKEN SmartDispense Large outdoor trade Car park Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs, an Investment Exemption will be required. The exemption means that the option of a Market Rent Option lease won’t be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016). Private Accommodation The private accommodation consists of two bedrooms, lounge, kitchen and bathroom. Pub Financials Pub Financials Icon Estimated Total Ingoing Costs £35,498 Estimated Minimum Ingoing Costs £35,498 Annual Rent £27,994 Estimated Annual Turnover £442,843 Deposit £6,998 Estimated Fixtures & Fittings Value £20,000 Estimated Stock Valuation £5,000 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 Energy Performance Certificate Download arrow Refurbishment Details Download arrow