Merlin Andover
King Arthurs Way, Andover, SP10 4BSAgreement Type: Foundation Tenancy
View details for Merlin AndoverRefurbishment Planned
First In Last Out, Winchester
37, Wales Street, Winchester, SO23 0ET
Pub Code: 2302658101
Key Features
- Exciting Refurbishment Planned
- Affluent Residents
- Great Location
- Beautiful Outdoor Space
Est Min Ingoing Costs: £38,291
Annual Rent: £27,165
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.
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 First In Last Out will have extensive experience in similar hospitality businesses. They will have a clear vision for their food & drinks menu and Marketing strategy and can create a memorable experience for their 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 pubs next chapter…
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.
| Annual Rent | £ 27,165 |
| Estimated Annual Turnover | £ 367,430 |
| Deposit | £ 6,791 |
| Estimated Fixtures & Fittings Value | £ 20,000 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 38,291 |
| Estimated Minimum Ingoing Costs | £ 38,291 |
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:
37, Wales Street, Winchester, SO23 0ET
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View details for Royal Oak Whitehill (Dovecote Inn)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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