Black Horse
Melton Road, Brigg, DN20 8SLAgreement Type: Investment Tenancy
View details for Black Horse
Nottingham House Cleethorpes
5-7, Sea View Street, Cleethorpes, DN35 8EU
Pub Code: 2302303101
Key Features
- Foundation Tenancy
- Charming Traditional Pub
- Excellent Cask Ale Reputation
- 4 Letting Rooms
- Catering Kitchen
Est Min Ingoing Costs: £11,845
Annual Rent: £40,137
More Information
The area
The Nottingham House is located in the town of Cleethropes, sits shore front in an area with plenty of footfall and is only a four-minute walk from both Ross Castle & Cleethorpes Garden Pier.. The pub is surrounded by shops, food and retails outlets and mixed housing.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via 3rd party booking systems for the letting rooms. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and cask ales.
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 similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and drive cask ale sales, creating a memorable experience for their customers.
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
- Main trading area with bar
- Ground floor wet trade, first floor dining, second floor letting rooms
- 40 internal covers
- Catering kitchen
- SmartDispense
- 4 letting rooms
Private Accommodation
The pub has no private accommodation.
| Annual Rent | £ 40,137 |
| Estimated Annual Turnover | £ 455,219 |
| Deposit | £ 10,034 |
| Estimated Fixtures & Fittings Value | £ 25,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 43,534 |
| Estimated Minimum Ingoing Costs | £ 11,845 |
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:
5-7, Sea View Street, Cleethorpes, DN35 8EU
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View details for Light Dragoon Inn EttonTo 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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