Millstone Newton Le Willows
71 Mill Lane, Newton Le Willows, WA12 8BGAgreement Type: Investment Tenancy
View details for Millstone Newton Le Willows
Old Crow Newton Le Willows
248, Crow Lane East, Newton Le Willows, WA12 9TZ
Pub Code: 0020374101
Key Features
- Community wet led pub in Newton-le-Willows
- Open plan lounge and games room
- Prominent roadside location
- Large car park
- Private accommodation
Est Min Ingoing Costs: £10,208
Annual Rent: £20,500
More Information
Established Wet Let Community Pub
What would you do with this pub to make it a success?
The area
The Old Crow is in the town of Newton-le-Willows , close to Newton-le-Willows town centre. The pub is surrounded by residential housing.
Demographics
The pub benefits from being one of 6 pubs found in an area of around 5000 adults. The Old Crows customer base is made up of a mixture of early evening drinkers, customers wanting to watch Sport and entertainment at the weekend.
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 strong drinks offer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via entertainment live sports, selection of pub games, such as pool, and darts and pub games machines. It offers a selection of popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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 and games room
- Smart Dispense
- Paved beer garden
- Car park with 35 spaces
- 2 x Pool Tables
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, office and reception room
| Annual Rent | £ 20,500 |
| Estimated Annual Turnover | £ 339,402 |
| Deposit | £ 5,125 |
| Estimated Fixtures & Fittings Value | £ 12,000 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 25,625 |
| Estimated Minimum Ingoing Costs | £ 10,208 |
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:
248, Crow Lane East, Newton Le Willows, WA12 9TZ
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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