Skip to content

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

Apply for this Pub

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.

  • Investment Tenancy

  • Pub Games

  • Smoking Area

  • Outdoor Trade

  • Private Accommodation

  • Refurbishment Planned

  • Weekly Billing

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.

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

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.
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

Pub Vacancy Alerts

Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.

Register

Want to know more?

To download our no nonsense guide to running your own pub click below.

Download