Lord Nelson Millwall
1 Manchester Road, London, E14 3BDAgreement Type: Just Add Talent
View details for Lord Nelson Millwall
Millers Arms Bexley
81, Bexley High Street, Bexley, DA5 1JX
Pub Code: 2302485101
Key Features
- Town Centre Location
- Late Night Venue
- Attractive Beer Garden
- Private Accommodation
Est Min Ingoing Costs: £16,250
Annual Rent: £33,000
More Information
The area
The Millers Arms benefits from a town centre location, in Bexley Village.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in driving wet trade through a strong calendar of events and entertainment, utilising the late licence especially at the weekends. There is the space and planning permission to build a small kitchen and introduce a limited food offer. What would you look to implement in the pub?
The site currently has the ability to drive trade through it’s wet-led offer, focusing on weekends and entertainment.
We’re always open to new ideas, what would you do to drive trade?
The Operator
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 preferably have experience in a similar hospitality business. They will have a clear vision for their drinks offer, entertainment, and marketing strategy. They should be passionate about creating 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
Trading areas and facilities (DELETE IF THIS PUB DOES NOT HAVE):
- Main trading area with bar (split level)
- 36 internal covers
- 34 external covers
- SmartDispense
- Beer garden
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, lounge, and bathroom.
| Annual Rent | £ 33,000 |
| Estimated Annual Turnover | £ 422,957 |
| Deposit | £ 8,250 |
| Estimated Fixtures & Fittings Value | £ 13,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 34,750 |
| Estimated Minimum Ingoing Costs | £ 16,250 |
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:
81, Bexley High Street, Bexley, DA5 1JX
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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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