Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs. It’s free and puts you under no obligation.
RegisterFountain Tipton
Fountain Tipton
51, Owen Street, Tipton, DY4 8HE Pub Code: 2303289101
Pub Code: 2303289101
Foundation TenancyEst Min Ingoing Costs: £11,975
Annual Rent: £29,700
Well established warm friendly local’s traditional pub with a wide range of cask ales and weekday pub grub. Where customers receive a warm friendly welcome.
The Fountain Inn is located in the heart of the Black County in the small town of Tipton. The pub has a lovely Canalside location. The Pub is near the shops and mixed housing and is close to Tipton railway station. The pub benefits from being one of 6 pubs found in an area of around 4463 adults. The customer base is well established made up of mostly young to older customers of low to medium affluence.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a great food & drinks offer.
The site currently has the ability to drive trade via a simple daily lunch menu. The Pub offers a selection of popular beers, ciders, wines and spirits. As well as a great range of cask ales.
We’re always open to new ideas, what would you do to drive 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 pub will have extensive experience in a similar hospitality business. They will have experience in cask ales and basic food skills. They will retain the warmth of the pub and be able to build on this well-established and loved pub.
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
- One bar operation
- 50 internal covers
- 50 external covers
- Small kitchen next to servery counter
- SmartDispense
- Rear covered drinks area and beer garden.
- Canalside benches
- 5 car spaces
Private Accommodation
Private accommodation consists of 4 bedrooms, office a living room, bathroom, kitchen
Estimated Total Ingoing Costs
£32,925
Estimated Minimum Ingoing Costs
£11,975
Annual Rent
£29,700
Estimated Annual Turnover
£473,392
Deposit
£7,425
Estimated Fixtures & Fittings Value
£16,000
Estimated Stock Valuation
£6,000
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:
51, Owen Street, Tipton, DY4 8HE
[]
Selected pub
Other pubs
West Midlands, England events
Join us in your region
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
