Duke Bridgwater

61 High Street, Bridgwater, Bridgwater TA6 3BQ

  • Duke Bridgwater
  • Duke Bridgwater
  • Duke Bridgwater
  • Duke Bridgwater
  • Duke Bridgwater
  • Duke Bridgwater

Duke Bridgwater

Lively High Street Bar

In the market town of Bridgwater, you will find the Duke Bar, perfectly positioned on the high street in the bustling Somerset town. Known for its music and sports offer, it s a lively venue that has a late trading weekend licence. The town has a population of about 36,000 with a great catchment area of mixed customer profiles surrounding the pub.

The current offer is live TV Sports, coupled with its skittle alley, pool area and darts makes this a real driver of sales, particularly on big match nights.

Vibrant High Street Operator Required

Can you create a fun atmosphere for your guests? Ideally you will have a good understanding of the local area. Door staff are a requirement of the licence here and you will need to be strong in terms of licensing controls.

Pub Features

  • Rolling Tenancy
  • Music Venue
  • Live Sports
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the Duke is an open plan trading operation with clearly zoned areas. Upstairs, there s a function room that can cater for small parties and gatherings providing an additional income stream. The property also offer four en-suite letting rooms.

Private Accommodation

The private accommodation at the Duke consists of three bedrooms, a kitchen and a lounge. In line with our "Ready to Trade Promise", should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
07:00 - 01:30 07:00 - 01:30 07:00 - 01:30 07:00 - 01:30 07:00 - 03:30 07:00 - 03:30 07:00 - 01:30

Financials

Annual Rent £
7,250
Estimated Annual FMOP (Licensee Profit) £
14,660
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
176,781
Estimated Annual Barrelage
103

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
4,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
3,000
Rent In Advance £
139
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
11,334
Estimated Minimum Ingoing Costs £
10,000

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased