Pub Overview
What would you do with this pub to make it even more of a success?
The area
The New Inn Idle is prominently positioned at the junction of High Street and Town Lane. The pub is surrounded by commercial businesses.
Demographics
The pub benefits from being one of 12 pubs found in an area of around 5,375 adults within a 10- minute walk time. The New Inn Idle customer base is made up of Mature, Midlife and Young adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a wet-ledoffer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
* Understanding of the local community
* You know what it takes to build a successful business.
* You love hospitality and are great with 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
* Foundation Tenancy
* Function Room
* Live Sports
* Pub Games
* Music Venue
* Private Accommodation
* Outdoor Trade
Trading Area & Facilities
* Main trading area with bar
* 60 internal covers
* 20 external covers
* 50 internal covers in Function room
* Small beer garden to the front of the pub
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£28,084
Estimated Minimum Ingoing Costs
£9,253
Annual Rent
£21,036
Estimated Annual Turnover
£327,491
Deposit
£5,259
Estimated Fixtures & Fittings Value
£15,325
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
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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