Travellers Rest Witton Gilbert
Front Street, Witton Gilbert, Durham, DH7 6TQAgreement Type:
Foundation Tenancy
View details for Travellers Rest Witton Gilbert
Gate Framwellgate Moor
Gate Framwellgate Moor
3, Beech Road, Durham, DH1 5JE Pub Code: 2302622101
Pub Code: 2302622101
Foundation TenancyEst. Annual Turnover: £431,799
Annual Rent: £26,349
Become the Heart of the Community, take Over The Gate Pub. What would you do with this pub to make it even more of a success?
The Area
The Gate Framwellgate Moor is located in the city of Durham, within Framwellgate Moor, a suburban village just north of Durham city centre. The pub is surrounded by residential housing and benefits from a strong local catchment.
This is a well-established community location with regular local trade and easy access to the city centre.
Demographics
The pub benefits from being one of 6 pubs found in an area of around 3,231 adults. The customer base is made up of mature and midlife adults.
The area provides a steady base of local customers with opportunity to grow frequency through a strong community-led offer.
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 strong food & drinks offer with a focus on consistent quality and community appeal. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, live entertainment and pub games, including pool and darts. It offers a selection of beers, ciders, wines, spirits, coffees and cask ales.
There is clear opportunity to build on existing trade by enhancing the entertainment rhythm and strengthening the food offer.
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 community-led hospitality business. They will have a clear vision for their food & drinks menu, marketing activity and entertainment offer, 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 pub’s next chapter...
Trading Area & Facilities
- Main trading area with bar
- 73 internal covers
- 30 external covers
- Catering kitchen
- HEINEKEN SmartDispense
- Beer garden (128 covers)
- Car park with 14 spaces
Private Accommodation
Private accommodation consists of two bedrooms, office, a living room, kitchen, bathroom.
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs
£54,518
Annual
Estimated Annual Turnover
£431,799
Annual Rent
£26,349
Entry Costs
Deposit
**Deposit build up from 1 month rent
**Deposit build up from 1 month rent
£6,587**
Estimated Fixtures & Fittings Value
**Rented fixtures & fittings deal available
**Rented fixtures & fittings deal available
£37,000**
Stock Valuation
£3,500
Working Capital Required
£7,431
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:
3, Beech Road, Durham, DH1 5JE
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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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