Pub Overview
We are planning to refurbish this pub and the lease term offer is a Three Year Investment Tenancy.
Are you an innovative operator who can appeal to this key demographic?
We would love to hear from you if you are interested in this opportunity, so hit the apply button below and we will be in touch to take your interest further
Features
* Foundation Tenancy
* Refurbishment Planned
* Catering Kitchen
* Live Sports
* Outdoor Trade
Trading Area & Facilities
The details on the proposed scheme will be advertised very shortly.
Private Accommodation
There is no Private Accommodation on site.
Pub Financials
Annual Rent £
46,878
Estimated Annual Turnover £
621,334
Deposit £
11,719
Estimated Fixtures & Fittings Value £
34,000
Estimated Stock Valuation £
7,500
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
56,719
Estimated Minimum Ingoing Costs £
56,719
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.
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