Red Kite Winlaton Mill
Spar Well Road, Winlaton Mill, Blaydon On Tyne, NE21 6RTAgreement Type:
Investment Tenancy
View details for Red Kite Winlaton Mill
Bute Arms Rowlands Gill
Bute Arms Rowlands Gill
High Spen, Rowlands Gill, NE39 2BX Pub Code: 2303321101
Pub Code: 2303321101
Foundation TenancyEst Min Ingoing Costs: £12,729
Annual Rent: £29,524
Fantastic opportunity to take over a community-focused pub.
What would you do with this pub to make it a success?
The area
The Bute Arms is located in the village of High Spen, close to Rowlands Gill. The pub has a lovely village location with mixed housing as well as a new development close by at Bradley Point within the region of 185 new homes under construction.
Demographics
The pub benefits from being the only pub found in an area of around 905 adults within a 10-minute walk time. The mixed customer base is made up of midlife and mature adults.
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 competitive food offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports and live entertainment. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu.
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, entertainment offer 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
- 68 internal covers
- 20 external covers
- Small catering kitchen
- Function room
- Smart Dispense
- Small beer garden
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£54,530
Estimated Minimum Ingoing Costs
£12,729
Annual Rent
£29,524
Estimated Annual Turnover
£469,709
Deposit
£7,381
Estimated Fixtures & Fittings Value
£36,880
Estimated Stock Valuation
£6,769
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.
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:
High Spen, Rowlands Gill, NE39 2BX
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To 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
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