Kings Arms Cheltenham
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View details for Kings Arms Cheltenham
Britannia Inn Tewkesbury
30, High Street, Tewkesbury, GL20 5AT
Pub Code: 0091656101
Key Features
- High Street location
- One Bar Operation
- Small Trade Kitchen
- Outside Trading Area
- Private Accommodation
Est Min Ingoing Costs: £8,933
Annual Rent: £17,198
More Information
The Britannia Inn is located in the town of Tewkesbury, close to the Cotswolds tourist trail . The pub is surrounded by shops, food and retails outlets and mixed housing.
Tourists are drawn to Tewkesbury for its medieval black and white townscape and 12th century Abbey.
Demographics
The pub benefits from being on the High Street and one of 13 pubs found in an area of around 2822 adults. There is a mixed customer base made up of Midlife adults both with families and carefree and Mature households.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade by offering a great selection of popular beers, ciders, wines and spirits, a simple food offer, coffee and by maximising the outside space to the rear of the pub over looking the River Avon.
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.
- Ability to drive your trade.
- 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…
Trading Area & Facilities
- Main trading area with bar with original features
- Approx 30 internal covers
- Approx 20 external covers
- Small Trade Kitchen
- Outdoor Patio area to the rear of the pub.
Private Accommodation
The private accommodation consists of 3 bedrooms over two floors with bathroom, Kitchen with lounge area.
| Annual Rent | £ 17,198 |
| Estimated Annual Turnover | £ 245,134 |
| Deposit | £ 4,300 |
| Estimated Fixtures & Fittings Value | £ 2,000 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 13,800 |
| Estimated Minimum Ingoing Costs | £ 8,933 |
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.
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
Location:
30, High Street, Tewkesbury, GL20 5AT
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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