Red Kite Winlaton Mill
Spar Well Road, Winlaton Mill, Blaydon On Tyne, NE21 6RTAgreement Type: Foundation Tenancy
View details for Red Kite Winlaton Mill
Fellsider Whickham
Oakfield Road, Whickham, Newcastle Upon Tyne, NE16 5BY
Pub Code: 0070078101
Key Features
- Established Trade
- Prominent Position
- Catering Kitchen
- Live Sports
- Outside Trading Area
Est Min Ingoing Costs: £10,890
Annual Rent: £28,681
More Information
Established Modern Business Ready to Trade
The Fellsider was refurbished in 2016 and is a well-established modern local pub with food located in the heart of a large residential estate in Whickham. Whickham is a small, affluent commuter town located five miles south west of Newcastle Upon Tyne and this combined with easy access to excellent schools, transport, shops (Gateshead Metrocentre 3 miles) and local leisure facilities, means Whickham is a popular family place to live. This family and dog friendly pub forms part of a small shopping centre, consisting of a supermarket, newsagent and post office, and enjoys a high profile position on the corner of two busy roads.
The pub has built a good reputation for its traditional home cooked pub classics & tasty Sunday lunch, served alongside a mainstream range of drinks, with some premium offers. The pub shows live sports, as well as providing entertainment including live music and quiz nights. The current offer works well, but there is opportunity to introduce an appealing cocktail offer and more varied premium spirit range, including a gin range, to really drive the premium aspect of this popular community pub.
The Fellsider was refurbished in 2016 and is a well-established modern local pub with food located in the heart of a large residential estate in Whickham. Whickham is a small, affluent commuter town located five miles south west of Newcastle Upon Tyne and this combined with easy access to excellent schools, transport, shops (Gateshead Metrocentre 3 miles) and local leisure facilities, means Whickham is a popular family place to live. This family and dog friendly pub forms part of a small shopping centre, consisting of a supermarket, newsagent and post office, and enjoys a high profile position on the corner of two busy roads.
The pub has built a good reputation for its traditional home cooked pub classics & tasty Sunday lunch, served alongside a mainstream range of drinks, with some premium offers. The pub shows live sports, as well as providing entertainment including live music and quiz nights. The current offer works well, but there is opportunity to introduce an appealing cocktail offer and more varied premium spirit range, including a gin range, to really drive the premium aspect of this popular community pub.
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with customers
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…
Trading Area & Facilities
Internally, the Fellsider has a comfortable yet contemporary decor with soft fabrics against natural woods. The pub has a large open plan layout, with the dining area on a lower level from the bar area, separated by a few steps.
The Fellsider boasts a good sized catering kitchen, which was upgraded as part of the refurbishment in 2016 and features a theatre style viewing area. The pub is able to host approx. 94 covers.
Externally, the pub has a modern pub look with a soft green painted facade. There is an outside seating area and ample parking next to the pub that is for shared use with the shops.
The Fellsider boasts a good sized catering kitchen, which was upgraded as part of the refurbishment in 2016 and features a theatre style viewing area. The pub is able to host approx. 94 covers.
Externally, the pub has a modern pub look with a soft green painted facade. There is an outside seating area and ample parking next to the pub that is for shared use with the shops.
Private Accommodation
The private accommodation at the Fellsider consists of three bedrooms, lounge, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 28,681 |
| Estimated Annual Turnover | £ 477,819 |
| Deposit | £ 7,170 |
| Estimated Fixtures & Fittings Value | £ 23,530 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 39,200 |
| Estimated Minimum Ingoing Costs | £ 10,890 |
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:
Oakfield Road, Whickham, Newcastle Upon Tyne, NE16 5BY
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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