Mill Tavern Hebburn

Mill Lane, Hebburn NE31 2EU

  • Mill Tavern Hebburn
  • Mill Tavern Hebburn
  • Mill Tavern Hebburn
  • Mill Tavern Hebburn
  • Mill Tavern Hebburn
  • Mill Tavern Hebburn
  • Mill Tavern Hebburn
  • Mill Tavern Hebburn

Mill Tavern Hebburn

Investment Planned

The Mill Tavern is located in a residential area on the edge of Hebburn, a small town on the south bank of the River Tyne situated between the larger towns of Jarrow and Gateshead and with good access to the city of Newcastle. The pub is popular with the local community and attracts a mixed age group including families especially at the weekend who enjoy the carvery. Given it's location convenient to nearby towns and Newcastle there is significant opportunity for the right operator to build an exciting and appealing offer which will increase footfall from both the local community and neighbouring areas.

Currently the pub serves food throughout the day with a carvery roast on a Sunday, which is proven to be popular, and there is opportunity for the right operator to refresh the food offer and maximise this revenue stream. The pub has live music at the weekends and we are looking for an operator who will develop a varied events calendar.

Experienced Operator Wanted

The ideal operator for the Mill Tavern will have previous experience in running sites of a similar style, the ability to develop the existing food offer as well as keep the focus on the local community and driving wet sales.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Once the planned works are complete, the Mill Tavern will showcase a refreshed, contemporary décor complete with new or revamped fixtures & fitting and soft finishes throughout. Currently the pub has a bright contemporary feel with lots of natural finishes in wood.

The current layout consists of a large open plan trading area with a galley type bar as the focal point. The trading area includes a raised drinking area and a pub games area featuring a pool table.

Externally the pub will undergo a facelift which will see much improved kerb appeal through a new lighting & signage scheme. The pub also currently benefits from a large car park and outside trading area to the front of the premises.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

The private accommodation is of a good size and consists of three bedrooms, lounge, kitchen and bathroom and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

Please see licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 12:00 - 23:30

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
3,930
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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