New Inn Bourneheath

10 Doctors Hill, Bromsgrove, Bromsgrove B61 9JE

  • New Inn Bourneheath
  • New Inn Bourneheath
  • New Inn Bourneheath
  • New Inn Bourneheath

New Inn Bourneheath

Exciting Investment Planned for the New Inn

The New Inn is situated in the village of Bournheath with close links to the M42 and M5 and is around 3 miles away from Bromsgrove. The New Inn is already well established in the local community and with a large investment planned we are looking for the good operator to introduce a new and exciting food and drink offer along with an engaging Rhythm of the Week.

Passionate, friendly and driven operator Wanted

Have you got a positive and driving attitude to make this business a success? Do you have a clear vision for how you can bring life to this pub? If so, we want to hear from you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential

Pub Features

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

Trading Area & Facilities

The New Inn has two main trading areas, the front bar has a traditional feel with an open fire place. The second area is the restaurant and has additional conservatory space. The trading area can be zoned to cater for small or large groups and can be adapted for function hire. Outside there is a beer garden at the front and parking for 25 cars.

Private Accommodation

The private accommodation consists of three 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

.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:30 11:00 - 23:30 11:00 - 23:30 11:00 - 01:30 11:00 - 01:30 11:00 - 01:30 12:00 - 00:00

Financials

Annual Rent £
44,500
Estimated Annual FMOP (Licensee Profit) £
46,964
Representative HEINEKEN UK Brand Discount Per Barrel £
121
Estimated Annual Turnover £
586,229
Estimated Annual Barrelage
197

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 £
30,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
11,125
Rent In Advance £
856
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 £
50,166
Estimated Minimum Ingoing Costs £
15,601

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) £
6,108

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