Red Kite Winlaton Mill
Spar Well Road, Winlaton Mill, Blaydon On Tyne, NE21 6RTAgreement Type: Foundation Tenancy
View details for Red Kite Winlaton Mill
Coachman Whickham
Burnthouse Lane, Whickham, Newcastle Upon Tyne, NE16 5AW
Pub Code: 0070058101
Key Features
- Large Spacious Pub
- Catering Kitchen
- Beer Garden
- Cask Ales
- Private Accommodation
Est Min Ingoing Costs: £18,923
Annual Rent: £41,080
More Information
The Coachman is located in the heart of Whickham Village in the middle of a popular, affluent housing estate. Easy access to the A1 close to both the Intu Metro Centre and the Team Valley trading Estate. Beamish Hall and Museum are also only a short drive away.
The Coachman underwent a £550k investment in 2018 transforming the site into a great socialising spot for the surrounding houses. It boasts a large dining area to the front of the pub, with a feature fireplace, a snug area to the middle, large bar area to the rear and a games room.
This pub offers a great range of Draught and packaged Cider, Lager and Beers, as well as Craft & Cask Ales. The site has a large commercial kitchen which has been designed to maximize a great food offering. Live Sports is also on offering and the size of the site allows for functions and private parties as well as live music & sporting events. Lots of external car parking and a great Village green to the front of the pub, give this site everything it needs.
The Coachman underwent a £550k investment in 2018 transforming the site into a great socialising spot for the surrounding houses. It boasts a large dining area to the front of the pub, with a feature fireplace, a snug area to the middle, large bar area to the rear and a games room.
This pub offers a great range of Draught and packaged Cider, Lager and Beers, as well as Craft & Cask Ales. The site has a large commercial kitchen which has been designed to maximize a great food offering. Live Sports is also on offering and the size of the site allows for functions and private parties as well as live music & sporting events. Lots of external car parking and a great Village green to the front of the pub, give this site everything it needs.
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 Coachman 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
The pub has a large trading space to the front dining area as well as a very large bar area to the rear. It also benefits from a games area comprising of a pool table, darts board and gaming machines.
There is a fully fitted commercial kitchen with an outside walk-in fridge to maximise food sales.
Large village green to the front and an enclosed rear garden, so plenty of opportunity to maximize the outdoor space for additional trading opportunities.
This site benefits from 2 car parking areas to the side and front of the pub. It could also be used to create a great external space for customers and external events. The Village green, with permission from the local council, could also be used for additional seating during the summer months and a safe place for children to play.
There is a fully fitted commercial kitchen with an outside walk-in fridge to maximise food sales.
Large village green to the front and an enclosed rear garden, so plenty of opportunity to maximize the outdoor space for additional trading opportunities.
This site benefits from 2 car parking areas to the side and front of the pub. It could also be used to create a great external space for customers and external events. The Village green, with permission from the local council, could also be used for additional seating during the summer months and a safe place for children to play.
Private Accommodation
The private accommodation consists of a 3-bedroom apartment, kitchen, bathroom and a lounge. There will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
| Annual Rent | £ 41,080 |
| Estimated Annual Turnover | £ 675,536 |
| Deposit | £ 10,270 |
| Estimated Fixtures & Fittings Value | £ 47,645 |
| Estimated Stock Valuation | £ 12,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 73,415 |
| Estimated Minimum Ingoing Costs | £ 18,923 |
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:
Burnthouse Lane, Whickham, Newcastle Upon Tyne, NE16 5AW
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View details for Fleet Street NewcastleTo 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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