Three Fiddles Guisborough
34 Westgate, Guisborough, TS14 6BAAgreement Type:
Investment Tenancy
View details for Three Fiddles Guisborough
Five Alls Stockton
Five Alls Stockton
Bothal Drive, Bishops Garth, Stockton, TS19 8UQ Pub Code: 0070084101
Pub Code: 0070084101
Investment TenancyEst Min Ingoing Costs: £47,145
Annual Rent: £22,821
The pub offers a great opportunity for someone who wants to take on a well-backed, newly 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 benefits from being one of only two pubs in an area of around 3,907 adults within a 10-minute walk. The customer base is made up of working class and mid-affluence adults from the surrounding private housing estate.
Located in Stockton, Teesside, the pub sits at the centre of a well-established community. It's close to local shops, a Sainsbury’s Local, bus stops and other neighbourhood amenities, making it a convenient and central meeting point for local residents.
The offer
This pub is available on our investment tenancy agreement. Click here for more information on this agreement.
We’re investing in a full internal and external refurbishment to create the leading sports and community pub in the area. Works include upgrades throughout the trading areas, new back bar, improved lighting, new fixtures and fittings, and a pool table in both bar and lounge areas. Externally, the pub will benefit from new signage, full redecoration, and a revamped front decking area.
With limited competition nearby, there is a great opportunity for an experienced operator to build a thriving, community-led business with a clear rhythm of the week focused on sports, entertainment and pub teams.
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 this site will have extensive experience in hospitality businesses. They will have a clear vision for their local offer, pub teams, and event calendar, and can create a great-value, inclusive pub where everyone feels welcome.
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
This pub will be undergoing a refurbishment which will cover the internal and external areas of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pub’s trading area and facilities post refurbishment will be:
- Main trading area with bar
- 84 internal covers
- 118 external covers (including redeveloped front decking)
- HEINEKEN SmartDispense®
- Pool tables in both lounge and bar
- Car park with 30 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 2 bedrooms, kitchen, bathroom, lounge, toilet and office.
Estimated Total Ingoing Costs
£47,145
Estimated Minimum Ingoing Costs
£47,145
Annual Rent
£22,821
Estimated Annual Turnover
£386,110
Deposit
£5,705
Estimated Fixtures & Fittings Value
£32,000
Estimated Stock Valuation
£5,940
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.
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:
Bothal Drive, Bishops Garth, Stockton, TS19 8UQ
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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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