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RegisterRefurbishment Planned
Cork & Bottle Barnstaple
56, High Street, Barnstaple, EX31 1JB
Pub Code: 0091026101
Key Features
- Town Centre Location
- New Catering Kitchen
- Refreshed Garden Area
- Fully Revamped Exterior
- Private Accommodation
Est Min Ingoing Costs: £15,207
Annual Rent: £30,541
More Information
This fully revamped pub will offer a fantastic experience for locals and visitors to the nearby town centre. A new kitchen will allow the operator to offer a full food menu while the refreshed garden will allow for additional covers. Sports on TV, and the fully revamped exterior will attract further customers, while a morning coffee offer will allow the operator to build business throughout the day.
Excellent Opportunity
This is a fantastic opportunity to take on a pub business that is being given a new lease of life.
The Cork & Bottle will attract a broad range of consumers looking for a range of experiences, from older clientele in the mornings, to office workers and shoppers during the day, becoming more energetic during the evenings and weekends.
Excellent Opportunity
This is a fantastic opportunity to take on a pub business that is being given a new lease of life.
The Cork & Bottle will attract a broad range of consumers looking for a range of experiences, from older clientele in the mornings, to office workers and shoppers during the day, becoming more energetic during the evenings and weekends.
Trading Area & Facilities
Internally, the pub consists of two large trade areas served by a single central island bar. The refurbishment will see a brand-new catering kitchen fitted on the first floor and the site has room for around 40 covers.
Externally, there is a garden area also being revamped.
We are looking for the operator to purchase the Fixture & Fittings but would consider renting the items.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
The private accommodation at the Cork & Bottle consists of two bedrooms, lounge, office, kitchen and bathroom.
Premises Licence Details
See licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
10:00 - 23:30 |
10:00 - 23:30 |
10:00 - 23:30 |
10:00 - 23:30 |
10:00 - 00:30 |
10:00 - 00:30 |
12:00 - 23:00 |
| Annual Rent | £ 30,541 |
| Estimated Tenants Annual Operating Profit | £ 32,540 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 150 |
| Estimated Annual Turnover | £ 445,870 |
| Estimated Annual Barrelage | 254 |
* 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 | £ 36,000 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 10,000 |
| Deposit Amount | £ 7,635 |
| Rent in Advance | £ 587 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 55,842 |
| Estimated Minimum Ingoing Costs | £ 15,207 |
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 | £ 1,185 |
| 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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