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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

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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 -
10:00 -
10:00 -
10:00 -
10:00 -
10:00 -
12:00 -

Annual Rent £
Estimated Tenants Annual Operating Profit £
Representative HEINEKEN UK Brand Discount Per Barrel £
Estimated Annual Turnover £
Estimated Annual Barrelage
* 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 £
Estimated Fixtures and Fittings Valuation Fee £
Estimated Stock Valuation £
Deposit Amount £
Rent in Advance £
Training Fee £
Estimated Designated Premises Supervisor / Manager Fee £
Premises Licence Fee £
Rates Assessment Fee £
Estimated Legal Fees £
Estimated Total Ingoing Costs £
Estimated Minimum Ingoing Costs £
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 £
Estimated Annual Maintenance Compliance Charge £
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Estimated Annual Repairs Fund £
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

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