Lincoln Green North Hykeham
Lincoln Rd, North Hykeham, Lincoln, LN6 8DLAgreement Type: Foundation Tenancy
View details for Lincoln Green North Hykeham
Inn On The Green Coddington
The Green, Newark, NG24 2PS
Pub Code: 2303022101
Key Features
- Excellent Location
- Fantastic Food Opportunity
- Large Car Park
- Outdoor Trading Space
- Private Accommodation
Est Min Ingoing Costs: £16,264
Annual Rent: £33,162
More Information
Exciting Potential
On the main street in the affluent village of Coddington, the Inn on the Green is surrounded by a mix of private homes. It is close to the Historic town of Newark and only one mile from Newark Showground, famous for its Antique and Collectors fairs, as seen on Bargain Hunt and hosting other regular events. With good road connections, close to the A1 , A17 and A46 it is in the perfect location to capture a strong passing trade
This premium local currently offers Classic Pub Food with regular specials, cask ales and good coffee. With the right operator there is the potential to develop this offer taking the pub to the next level, a great pub with great food!
The all-day food offer will maximise sales across different trading points of the day and will attract a wide range of customers from passing trade, families, to the more mature individuals and couples. The community-focused atmosphere will appeal to local groups.
Experienced and Ambitious Operator Wanted!
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 a clear vision for the pub 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
The pub has an open plan lay out with zoned areas separating the bar and a private dining area. With traditional style décor and a large open fire creating a cosy atmosphere. There is a good-sized, U-shaped kitchen with good storage catering for the 90 covers.
Large wraparound car park. Some outdoor trading space with picnic style benches at the front of the pubs 2 entrances.
Private Accommodation
The Private accommodation is across two floors and has been recently decorated. The First floor has 3 bedrooms, kitchen with living room off it, bathroom & separate toilet. The second floor has two further bedrooms/storerooms. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition so that you can focus on your business.
| Annual Rent | £ 33,162 |
| Estimated Annual Turnover | £ 546,946 |
| Deposit | £ 8,291 |
| Estimated Fixtures & Fittings Value | £ 25,515 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 47,306 |
| Estimated Minimum Ingoing Costs | £ 16,264 |
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.
Downloads
Location:
The Green, Newark, NG24 2PS
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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