New Inn North Thoresby

Station Road, DN36 5QS

  •  New Inn North Thoresby
  •  New Inn North Thoresby
  •  New Inn North Thoresby
  •  New Inn North Thoresby
  •  New Inn North Thoresby
  •  New Inn North Thoresby
  •  New Inn North Thoresby
  •  New Inn North Thoresby

New Inn North Thoresby

Destination Outlet

Situated just North West of the seaside town Mablethorpe, in the exclusive village of North Thoresby, The New Inn is a desirable village pub. Located close to the village bus terminus and surrounded by large, detached residential homes, the pub enjoys an established trade from locals and visitors alike.

With the ability to hold up to 90 dining guests between the dining room and function suite, the New Inn has the potential to be a great pub with a great food offer. This site has great potential to increase footfall through the reintroduction of the football, darts and pool teams.

Are you an ambitious operator with a passion for quality pub food?

For The New Inn, we are keen to partner with an experienced operator who is as passionate about pubs as we are! You will be experienced in developing a quality food offer and have the ability to market your business online through social media.

Please note, we are considering a future investment in the pub. We are currently awaiting confirmation, which will then allow us to quote in going costs for an operator.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Outdoor Trade
  • Private Accommodation
  • Cask Ale

Trading Area & Facilities

Internally, this is a two room operation, beautiful open real fireplace in the lounge with 50 covers. There is a single bar servery that serves both rooms with a range of draught beers and hand pulled cask ales, there is a small games room off the lounge featuring a pool table and darts area.

To the rear of the pub is a large function/dining room which can be sub-divided into two rooms, with 60 & 30 covers respectively. This room opens out through large bi-folding patio doors to an outside area with further seating for 40 people. Beyond this there is a large fully turfed garden area.

The site has a well-proportioned and well equipped commercial kitchen with several storage and staff rooms situated behind the servery. There is a ground level cellar.

Externally, there is parking for approximately 30 cars. There is a large outside garden area, with a small roadside patio to the front of this beautiful pub.

Private Accommodation

The private accommodation at the New Inn consists of three bedrooms, kitchen, lounge 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

For full details, please refer to Premise Licence.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:30 11:00 - 23:30 12:00 - 22:30

Financials

Annual Rent £
21,250
Estimated Annual FMOP (Licensee Profit) £
23,094
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
288,544
Estimated Annual Barrelage
129

“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

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
4,445
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
3,000
Rent In Advance £
1,711
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
55
Premises Licence Fee £
180
Rates Assessment Fee £
50
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,626
Estimated Minimum Ingoing Costs £
11,181

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 £
1,311
Estimated Annual Maintenance Compliance Charge £
1,168
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