Montalt Arms Mablethorpe

8 George Street, Mablethorpe, Mablethorpe LN12 2BE

  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe
  • Montalt Arms Mablethorpe

Montalt Arms Mablethorpe

Traditional Family Pub, Seaside Setting

The Montalt Arms can be found in the small seaside town of Mablethorpe with its blue flag beaches, a traditional promenade and the usual resort attractions. Set a few streets back from the shore in a residential area, this traditional family pub enjoys footfall from locals and tourists alike.

Engaging Operator

With multiple income streams through its current offer of a traditional good value food menu, cask ales, function room, entertainment & children's club this is the perfect pub for an experienced operator who can develop the current offering. We are looking for you to integrate into the local community and provide the best standards and pub in the area.

Pub Features

  • Business Start-Up Agreement
  • Music Venue
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally open plan trading operation with traditional decor, oak beamed ceilings and comfortable seating throughout. There is a separate function room that can cater for small parties and gatherings providing additional income stream.

Externally there is decked area at the rear offering a nice setting to relax and enjoy a refreshing drink and a bite to eat. Small kerb space at the entrance with enough space additional outdoor seating.

Private Accommodation

The private accommodation consists of bedrooms, kitchen & bathroom and a lounge 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 refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:30 11:00 - 00:30 11:00 - 00:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 12:00 - 00:30

Financials

Annual Rent £
17,250
Estimated Annual FMOP (Licensee Profit) £
20,917
Representative HEINEKEN UK Brand Discount Per Barrel £
144
Estimated Annual Turnover £
208,470
Estimated Annual Barrelage
139

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 £
4,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,000
Deposit Amount £
3,000
Rent In Advance £
332
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
14,517
Estimated Minimum Ingoing Costs £
11,623

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
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