Gate Framwellgate Moor
3 Beech Road, Durham, DH1 5JEAgreement Type: Foundation Tenancy
View details for Gate Framwellgate Moor
Bridge Durham
40, North Road, Durham, DH1 4PW
Pub Code: 0070047101
Key Features
- Foundation Tenancy
- Central Location
- Letting Rooms
- Catering Kitchen
- Cask Ales
- Private Accommodation
Est Min Ingoing Costs: £17,849
Annual Rent: £53,715
More Information
The area
The Bridge Hotel is located in the town centre in the historic city of Durham. Durham is a beautiful city featuring a castle and university. The Bridge is conveniently situated just below the train station and two minutes from the bus station. Surrounding the Bridge is a mix of residential homes and local businesses.
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 strong food & drinks offer. What food & drinks would you look to implement in the pub?
It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales.
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 similar hospitality business. They will have a clear vision for their food & drinks menu and marketing strategy 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
- Main trading area with bar
- Separate dining room
- 70 internal covers
- Catering kitchen
- SmartDispense
- 8 letting rooms
Private Accommodation
The private accommodation consists of a large kitchen/diner, 2 other good-sized rooms, bathroom and toilet.
| Annual Rent | £ 53,715 |
| Estimated Annual Turnover | £ 641,765 |
| Deposit | £ 13,429 |
| Estimated Fixtures & Fittings Value | £ 25,000 |
| Estimated Stock Valuation | £ 9,873 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 51,802 |
| Estimated Minimum Ingoing Costs | £ 17,849 |
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:
40, North Road, Durham, DH1 4PW
More properties in this region
Travellers Rest Witton Gilbert
Front Street, Witton Gilbert, Durham, DH7 6TQAgreement Type: Foundation Tenancy
View details for Travellers Rest Witton Gilbert
Grey Horse Houghton Le Spring
Old Penshaw, Houghton Le Spring, DH4 7ERAgreement Type: Foundation Tenancy
View details for Grey Horse Houghton Le SpringTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download