Hollybush Inn Lower Machen
Draethen, Newport, NP10 8GBAgreement Type: Investment Tenancy
View details for Hollybush Inn Lower Machen
Three Horseshoes Malpas
45, Pillmawr Road, Newport, NP20 6WG
Pub Code: 2301713101
Key Features
- Community local Pub
- Great Beer Garden with Children’s Play Area
- Catering Kitchen - Food Opportunity
- Function Room
- Sports
- Car Park
Est Min Ingoing Costs: £12,996
Annual Rent: £23,955
More Information
Great location
Large-scale community pub with great outside space, the Three Horseshoes has plenty to offer locals and visitors alike
What would you do with this pub to make it a success?
The area
The Three Horeshoes is located in the town of Malpas, in an affluent area of Newport. The pub is surrounded by residential housing.
The pub benefits from being one of only three pubs found in an area of around 5,000 adults. The mixed customer base is made up of married couples in 30’s – 40’s, classic grandparents and retired home owners.
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 via live sports, selection of pubs games, such as pool. It offers a selection of a pub classic menu and popular beers, ciders, wines and spirits.
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 pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and sports offer and can create a memorable experience 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…
Trading Area & Facilities
Trading areas and facilities
- Main large trading area with bar
- Separate dining area
- 50 internal covers
- Large Catering kitchen
- Function room
- Large secure garden with children’s play area
- Car park with 20 plus spaces
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen, bathroom, separate toilet.
| Annual Rent | £ 23,955 |
| Estimated Annual Turnover | £ 315,009 |
| Deposit | £ 5,989 |
| Estimated Fixtures & Fittings Value | £ 10,000 |
| Estimated Stock Valuation | £ 7,500 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 26,989 |
| Estimated Minimum Ingoing Costs | £ 12,996 |
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.
Location:
45, Pillmawr Road, Newport, NP20 6WG
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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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