New Inn Norwich
12 New Inn Hill, Norwich, NR14 7HPAgreement Type:
Investment Tenancy
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George & Dragon Newton
George & Dragon Newton
23, Bennett Street, Hyde, SK14 4TQ Pub Code: 2303418101
Pub Code: 2303418101
Foundation TenancyEst Min Ingoing Costs: £12,868
Annual Rent: £17,471
Be the Heart of the Local Community
Great place to play darts and grab a pint of beer on Bennett Street, Newton, Hyde, where you will find the George & Dragon. Situated in a prominent position on the main road which attracts walk-in trade from local residents, as well as visitors to this popular area.
This pub is currently 100% drinks led, therefore a superb opportunity exists to boost trade in an already thriving community business.
Community Champion Wanted
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
Internally, the George & Dragon is decorated with bright colours and plenty of natural light giving the pub a welcoming feel, with comfortable seating throughout. An open plan trading operation, with the main bar area leading into a dedicated sports TV & pub games zone, with a pool table and dart board.
An additional income stream is provided with a Gaming Machine.
Externally, car parking facilities are provided to accommodate approximately 10 cars. Great outside trade opportunity in the beer garden at the rear of the building with plenty of wooden tables and bench sets.
Private Accommodation
The private accommodation at the George & Dragon comprises of a lounge, kitchen, bathroom, two bedrooms.
Estimated Total Ingoing Costs
£20,868
Estimated Minimum Ingoing Costs
£12,868
Annual Rent
£17,471
Estimated Annual Turnover
£287,465
Deposit
£4,368
Estimated Fixtures & Fittings Value
£8,000
Estimated Stock Valuation
£5,000
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:
23, Bennett Street, Hyde, SK14 4TQ
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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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