Gate Framwellgate Moor
3 Beech Road, Durham, DH1 5JEAgreement Type: Foundation Tenancy
View details for Gate Framwellgate Moor
Cumberland Arms Bishop Auckland
Newgate Street, Bishop Auckland, DL14 7EN
Pub Code: 0070322101
Key Features
- Live Sports
- Pub Games
- Town Centre
- Private Accommodation
Est Min Ingoing Costs: £8,835
Annual Rent: £16,020
More Information
The Cumberland Arms is a traditional wet-led pub with a focus on sports. Newgate Street is the main thoroughfare into the Town Centre. It is also the start/end of the main drinking circuit and is a popular destination for race goers. The Cumberland Arms also boasts regular weekend entertainment.
The right operator for The Cumberland Arms will be community focused and passionate about sports. Star Pubs & Bars is looking for someone who can bring a traditional wet-led pub to life.
The right operator for The Cumberland Arms will be community focused and passionate about sports. Star Pubs & Bars is looking for someone who can bring a traditional wet-led pub to life.
Trading Area & Facilities
The pub is a simple one bar operation with several tables and chairs. It has a separate area with a pool table and games machine. Live Sports, Karaoke and a great events calendar is key to the success of the site in the local area.
There is a small courtyard drinking/smoking area located at the rear. Public on-street parking.
Private Accommodation
Private accommodation consists of three bedrooms, lounge, kitchen/diner and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is up to standard so that you can focus on your business.
| Annual Rent | £ 16,020 |
| Estimated Annual Turnover | £ 240,467 |
| Deposit | £ 4,005 |
| Estimated Fixtures & Fittings Value | £ 1,335 |
| Estimated Stock Valuation | £ 4,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 15,870 |
| Estimated Minimum Ingoing Costs | £ 8,835 |
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:
Newgate Street, Bishop Auckland, DL14 7EN
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Kings Head
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View details for Kings HeadTo 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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