Globe & Ale House Penzance
1 Queen Street, Penzance, TR18 4BJAgreement Type:
Foundation Tenancy
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Cork & Bottle Barnstaple
Cork & Bottle Barnstaple
56, High Street, Barnstaple, EX31 1JB Pub Code: 0091026101
Pub Code: 0091026101
Investment TenancyEst Min Ingoing Costs: £8,646
Annual Rent: £13,748
The Cork & Bottle is a drinks lead venue that benefits from a high street location within the centre of Barnstaple.
What would you do with this pub to make it even more of a success?
The area
The Cork & Bottle is located in the town of Barnstable, close to Click or tap here to enter text.. The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
The pub benefits from being located on a busy high street and around 4600 adults with in a 10-minute walk of the pub. The Cork & Bottle customer base is made up of Young, carefree and mature adults
Trading Area & Facilities
- Main trading area with bar
- 100 internal covers
- 30 external covers
- Outside trading area with bench style seating
Private Accommodation
The private accommodation consists of two bedrooms, lounge, office, kitchen and bathroom.
Estimated Total Ingoing Costs
£14,937
Estimated Minimum Ingoing Costs
£8,646
Annual Rent
£13,748
Estimated Annual Turnover
£223,881
Deposit
£3,437
Estimated Fixtures & Fittings Value
£4,000
Estimated Stock Valuation
£4,000
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:
56, High Street, Barnstaple, EX31 1JB
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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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