Pub Overview
The Cork & Bottle is a drinks-led venue in a prime high street location in the heart of Barnstaple.
What would you do with this pub to make it even more of a success?
The area:
Situated in the town centre, The Cork & Bottle is surrounded by shops, food outlets, retail stores, and mixed housing. It benefits from high footfall and a vibrant local atmosphere.
Demographics:
With around 4,600 adults living within a ten-minute walk, The Cork & Bottle attracts a diverse mix of young, carefree, and mature adults. Its busy high street setting makes it a convenient and popular choice for locals and visitors alike.
* 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
Pub Games
Outdoor Trade
Private Accommodation
Trading Area & Facilities
Main trading area with bar
100 internal covers
30 external covers
Outside trading area with bench style seating
Private Accommodation
The private accommodation consists of two bedrooms, lounge, office, kitchen and bathroom.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£14,937
Estimated Minimum Ingoing Costs
£8,646
Annual Rent
£13,748
Estimated Annual Turnover
£223,881
Deposit
£3,437
Estimated Fixtures & Fittings Value
£4,000
Estimated Stock Valuation
£4,000
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
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Energy Performance Certificate Download arrow