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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: £11,315
Annual Rent: £60,500
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.
We are looking for an experienced operator with a strong food background to drive trade and make this a great pub.
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.
We are looking for an experienced operator with a strong food background to drive trade and make this a great pub.
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.
Premises Licence Details
Please see attached premise license
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 00:00 |
10:00 - 00:00 |
10:00 - 00:00 |
10:00 - 00:00 |
10:00 - 00:00 |
10:00 - 00:00 |
11:00 - 00:00 |
| Annual Rent | £ 60,500 |
| Estimated Tenants Annual Operating Profit | £ 60,498 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 696,312 |
| Estimated Annual Barrelage | 295 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 27,070 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 3,500 |
| Deposit Amount | £ 15,125 |
| Rent in Advance | £ 1,163 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 50 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 48,468 |
| Estimated Minimum Ingoing Costs | £ 11,315 |
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
| Other SP&B Ongoing Charges | |
|---|---|
| Estimated Annual Building Insurance | £ 2,244 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
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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