Fridays Daventry

12 High Street, Daventry NN11 4HT

Under Offer
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry
  • Fridays Daventry

Fridays Daventry

Fantastic Food Opportunity Available

This large pub sits in the town centre of Daventry. With new homes being built in the area, Fridays presents a fantastic opportunity for a 'hands-on' operator who can grow the business. This pub is known locally for its pub games, regular entertainment and live sport viewings. The catchment area can provide the right operator with the opportunity to create a loyal and profitable customer base.

Fridays currently does not serve food, but has a catering kitchen that can cater for up to 20 covers, providing a great opportunity to introduce a small food offer.

Hands-on Operator Needed

Do you have the ability to immerse yourself into the community with a focus on food development, sport and entertainment? Then this is the site for you!

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, Fridays has four spacious trading zones including a chill out zone perfect to relax with a coffee, a dance floor, food area and a pool table. The pub is well decorated, with contemporary and bright decor throughout and a large bar that extends the length of the floor.

Externally, the site offers a large beer garden ideal for bringing in customers during the summer trade.

Private Accommodation

The private accommodation at Fridays consists of four bedrooms, kitchen and a bathroom. In line with our 'Ready To Trade' Promise, should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00 10:00 - 00:00

Financials

Annual Rent £
26,500
Estimated Annual FMOP (Licensee Profit) £
30,812
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
332,007
Estimated Annual Barrelage
184

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
27,300
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,625
Rent In Advance £
510
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
350
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
41,800
Estimated Minimum Ingoing Costs £
12,573

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,767
Estimated Annual Maintenance Compliance Charge £
799
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,920

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased