Lion & Lamb Daventry
12 High Street, Daventry, NN11 4HTAgreement Type:
Foundation Tenancy
View details for Lion & Lamb Daventry
New Inn
New Inn
Corn Street, Witney, OX28 6AU Pub Code: 2302421101
Pub Code: 2302421101
Foundation TenancyEst Min Ingoing Costs: £8,820
Annual Rent: £15,843
Attractive New Deal - £12,000 rent discount in your first year.
Community focused
The New Inn is located just outside the town centre of Witney. Within a ten-minute walk time there are over 4,000 people that this pub will appeal to. The local demographics have better than average affluence. There are several pubs situated in the town-centre of Witney, however, there are lots of residential properties non town side which people would need to walk past the New Inn to reach the town.
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
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
One room pub operation in zones:
- Bar Area and Sports area
- Separate dining area
- 20 internal covers
- 10 external covers
- Catering kitchen
- Small covered courtyard
- 10 car parking spaces
Private Accommodation
Private accommodation at the New Inn consists of 3 bedrooms, a lounge and kitchen.
Estimated Total Ingoing Costs
£20,461
Estimated Minimum Ingoing Costs
£8,820
Annual Rent
£15,843
Estimated Annual Turnover
£262,904
Deposit
£3,961
Estimated Fixtures & Fittings Value
£9,000
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
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:
Corn Street, Witney, OX28 6AU
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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