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Cumberland Arms Bishop Auckland

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Cumberland Arms Bishop Auckland

Newgate Street, Bishop Auckland, DL14 7EN Pub Code: 0070322101

Pub Code: 0070322101

Investment Tenancy

Est Min Ingoing Costs: £31,405

Annual Rent: £14,884

Apply for this Pub

Refurbished circuit bar in Bishop Auckland town centre. The Cumberland offers a great opportunity for someone who wants to take on a well-backed, refurbished pub with plenty of potential.

What would you do with this pub to make it even more of a success?

The area:

The pub is located on the high street in Bishop Auckland, forming part of a traditional town centre circuit. It sits just five minutes from the train station, multiple bus routes, and a busy shopping centre. There are 3,300 adults within a 10-minute walk and almost 9,000 within 20 minutes. The pub will be one of 17 along the high street, with the main competitor being The King’s Head.

Demographics:

 The local population is of medium affluence, with a higher proportion of mature customers compared to the national average. The pub is well-positioned to appeal to community wet-led circuit drinkers, couples, and male daytime customers.

The offer:

 The Cumberland is available on our investment tenancy agreement. Click here for more information on this agreement.

The refurbishment will create a high-quality circuit pub environment, improving all finishes from the bar front to the toilets, with an external “glow up” to make the frontage stand out. The pub will focus on a strong drinks range of lagers and ales, supported by live sport, pub games and regular entertainment.

We’re always open to new ideas, what would you do to drive trade?

If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.

The right operator for the Cumberland will be an experienced local, who understands circuit trade and how to maximise the rhythm of the week.

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…

  • Investment Tenancy

  • Refurbishment Planned

  • Outdoor Trade

  • Live Sports

  • Pub Games

  • Private Accommodation

Trading Area & Facilities

The Cumberland Arms will be undergoing a refurbishment which will cover the interior and exterior of the pub.

A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.

The pubs trading area and facilities post refurbishment will be:

  • Main trading area with bar
  • Separate dining room
  • Pub games area
  • SmartDispense

 

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Private Accommodation

Private accommodation consists of three bedrooms, lounge, kitchen/diner and bathroom.

Pub Financials Icon

Estimated Total Ingoing Costs

£31,405


Estimated Minimum Ingoing Costs

£31,405

Annual Rent
£14,884
Estimated Annual Turnover
£258,167
Deposit
£3,721
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£4,184
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.

Location:

Newgate Street, Bishop Auckland, DL14 7EN

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