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First In Last Out, Winchester
37, Wales Street, Winchester, SO23 0ET
Pub Code: 2302658101
Key Features
- Great Location
- Affluent Residents
- Fantastic Food
- Beautiful Outdoor Space
Est Min Ingoing Costs: £33,838
Annual Rent: £26,871
More Information
Local Hub
This pub will become a real community hub following the refurbishment. People can come to watch sport, play darts or relax in the landscaped garden by the river. It has the potential to provide a best-in class offer, bringing more trade in through rhythm of the week events, a fantastic outdoor space and brilliant hospitality.
Fantastic food, great location!
The new kitchen will provide a fantastic pub grub menu, while also offering a serious Sunday lunch. Located on the way into town, it provides a great opportunity to attract passing trade.
Innovative Operator Wanted
Are you looking to expand your business portfolio? As the future vision for the site is to provide a premium food menu, catering experience and knowledge is essential, along with the ability to demonstrate innovation and great business management. Due to the location of this site, marketing skills are necessary as the pub should be marketed to attract tourists visiting the region.
Trading Area & Facilities
A zoned indoor set-up around a centrally fitted bar will provide different options for different customers.
The new kitchen will provide a fantastic pub grub and Sunday lunch menu.
A landscaped garden right on the river will provide beautiful outdoor space.
Private Accommodation
The private accommodation consists of a lounge, kitchen, bathroom and bedrooms. As part of our promise to you, we will ensure your private accommodation is in good order so that you can focus your energy on getting the business right.
Premises Licence Details
See premises licence for full details.
Premises Licence Opening Hours
| Mon | Tue | Wed | Thu | Fri | Sat | Sun |
|---|---|---|---|---|---|---|
|
11:00 - 23:30 |
11:00 - 23:30 |
11:00 - 23:30 |
11:00 - 01:30 |
11:00 - 01:30 |
11:00 - 01:30 |
12:00 - 23:00 |
| Annual Rent | £ 26,871 |
| Estimated Tenants Annual Operating Profit | £ 28,369 |
| Representative HEINEKEN UK Brand Discount Per Barrel | £ 125 |
| Estimated Annual Turnover | £ 313,979 |
| Estimated Annual Barrelage | 155 |
* 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
** All figures quoted are exclusive of VAT
| Ingoing Costs | |
|---|---|
| Estimated Licensee Fixtures and Fittings Value | £ 16,983 |
| Estimated Fixtures and Fittings Valuation Fee | £ 250 |
| Estimated Stock Valuation | £ 8,000 |
| Deposit Amount | £ 6,718 |
| Rent in Advance | £ 517 |
| Training Fee | £ 425 |
| Estimated Designated Premises Supervisor / Manager Fee | £ 60 |
| Premises Licence Fee | £ 180 |
| Rates Assessment Fee | £ 55 |
| Estimated Legal Fees | £ 650 |
| Estimated Total Ingoing Costs | £ 33,838 |
| Estimated Minimum Ingoing Costs | £ 33,838 |
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.
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 | £ 2,567 |
| Estimated Annual Maintenance Compliance Charge | £ 1,862 |
| Estimated Annual Accountancy & Stocktaking Charge (including tills) |
£
6108
|
| Estimated Annual Repairs Fund | £ 1300 |
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
* 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
To 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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