Mitcham Mint London

1 Lilian Road, Streatham Vale, London SW16 5HN

Under Offer
  • Mitcham Mint London
  • Mitcham Mint London
  • Mitcham Mint London
  • Mitcham Mint London
  • Mitcham Mint London
  • Mitcham Mint London

Mitcham Mint London

Prominently Positioned Local

Located on Lilian Road, The Mitcham Mint is situated in a prominent position, in a busy residential area. Based in the prime commuter belt for London, the pub will attract more young professionals as the area develops further.

This pub currently operates as a community pub, predominately drinks led with the opportunity to introduce cask ales, bar snacks and fully utilise the outside seating area. There is scope to increase the pubs appeal to families and young professionals whilst retaining the core customer base.

Experienced Community Operator Wanted

This site would ideally suit an experienced community operator who can develop the already well-established drinks trade and create an inviting basic snack offer for the local community. An ideal operator for this site will have experience of running similar sized outlets and have the ability to develop a close connection with local trade.

Pub Features

  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing

Trading Area & Facilities

Internally, the site is in good repair with excellent light thanks to the generous windows, real wooden floors and a mixture of fixed seating and high tables. This site is a traditional one room operation with a central bar, pool table, dart board and jukebox.

Externally, the site is well kept and clearly visible from the road. Also, the pub benefits from a much sought-after external drinking area to the rear that can sit up to 40 customers.

Private Accommodation

The private accommodation at the Mitcham Mint consists of three bedrooms, living room, kitchen and bathroom. In line with our 'Ready To Trade Promise', should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 22:30

Financials

Annual Rent £
Estimated Annual FMOP (Licensee Profit) £
Representative HEINEKEN UK Brand Discount Per Barrel £
Estimated Annual Turnover £
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 £
Estimated Fixtures & Fittings Valuation Fee £
Estimated Stock Valuation £
Deposit Amount £
Rent In Advance £
Training Fee £
Estimated Designated Premises Supervisor / Manager Fee £
Premises Licence Fee £
Rates Assessment Fee £
Estimated Legal Fees £
Estimated Total Ingoing Costs £
Estimated Minimum Ingoing Costs £

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 £
896
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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