Newcastle Hotel Rothbury
Newcastle Hotel Rothbury
Main Street, Rothbury, NE65 7UT Pub Code: 2303082101
Pub Code: 2303082101
Foundation TenancyEst. Annual Turnover: £668,673
Annual Rent: £39,145
What would you do with this pub to make it even more of a success?
The area
The Newcastle Hotel occupies a prominent central position on Front Street in the village of Rothbury, Northumberland. The property is situated within the established village centre, close to High Street and Market Place The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
The pub benefits from being one of 7 pubs found in an area of around 1,998 adults. The Newcastle Hotel customer base is made up of mature and midlife adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via a selection of, coffees, cask ales, popular beers, ciders, wines and spirits, and a pub classic menu.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their marketing strategy, food & drinks menu and entertainment offer and can create a memorable experience for their customers.
Trading Area & Facilities
- Main trading area with bar
- Upstairs Function Room
- 70 covers including the restaurant and both bars
- 30 external covers subject to obtaining a pavement licence.
- Catering kitchen
- Letting Rooms
- Two bar operation
- HEINEKEN SmartDispense
Private Accommodation
No Private accommodation
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term.
Indicative entry costs range from**:
£16,762 - £43,286
**Deposit build up from 1 month rent
**Rented fixtures & fittings deal available
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:
Main Street, Rothbury, NE65 7UT
Selected pub
Other pubs
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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