New Inn Sidley Bexhill On Sea

32 Ninfield Road, Bexhill On Sea TN39 5AB

  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea
  • New Inn Sidley Bexhill On Sea

New Inn Sidley Bexhill On Sea

14th Century Pub

The subject of proposed works, the New Inn offers a huge potential customer base with over 5,000 adults living within half a mile. The New Inn has very limited competition in the immediate area, with only one other pub within half a mile, this is the perfect location for an attractive pub with a stand-out offer.

Works are planned and once complete, the venue will be a relaxed family-friendly pub with welcoming surroundings.

Are you a local and experienced operator?

The ideal operator is preferably someone who's local to the area and understands the demographics and what the area needs. We are keen to partner with a passionate and ambitious operator who has a proven track record of running a similar successful pub.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Outdoor Trade
  • Private Accommodation
  • Smoking Area
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

The New Inn is a two bar operation with one bar being able to be used as a function room.

Externally, there will be a large attractive outside area including new furniture and signage. There is also a car park.

Private Accommodation

The private accommodation consists of four bedrooms, bathroom and a lounge. In line with our Ready To Trade promise, we will ensure the accommodation is in a good state of repair so you can focus on building your business.

Premises Licence Details

See premise license for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:30 - 23:30 10:30 - 23:30 10:30 - 23:30 10:30 - 00:30 10:30 - 01:30 10:30 - 01:30 12:00 - 23:00

Financials

Annual Rent £
30,000
Estimated Annual FMOP (Licensee Profit) £
32,001
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
359,772
Estimated Annual Barrelage
279

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,500
Rent In Advance £
577
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
70
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,162
Estimated Minimum Ingoing Costs £
15,162

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 £
2,306
Estimated Annual Maintenance Compliance Charge £
1,463
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