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Ramshill Hotel Scarborough
66 Ramshill Road, Scarborough, YO11 2QGAgreement Type:
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Peacock Newcastle
Peacock Newcastle
Arlington Avenue, Kenton, Newcastle Upon Tyne, NE3 4TS Pub Code: 0070162101
Pub Code: 0070162101
Investment TenancyEst Min Ingoing Costs: £38,652
Annual Rent: £26,091
What would you do with this pub to make it even more of a success?
The area
Located in the middle of a large estate in Kenton, close to Goforth, Newcastle. The pub benefits from a huge number of adults with no other pub nearby, with 3,937 people within a 10-minute walk and 13,362 within 20 minutes. The customer base is predominantly mid-affluence and over 35 years old. The pub is key to the estate and close to bus stops.
The offer
The Peacock is available on our investment tenancy agreement, Click here for more information on this agreement. We’re carrying out a full refurbishment to all rooms and toilets, redeveloping the kitchen, and updating the exterior with new signage and repairs to the fascia and roofline. Once complete, it will offer family pub favourites, Heineken UK drinks, coffee pod service, and a strong rhythm of the week including quizzes and live sport.
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 Peacock will have extensive experience in community led hospitality businesses. They will have a clear vision for their food & drinks menu, entertainment offer and sports offer, and can create 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
The Peacock will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- 95 internal covers
- 24 external covers
- Catering kitchen
- SmartDispense
- Small garden
- Car park with 25 spaces
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, bathroom, a living room, and a living room
Estimated Total Ingoing Costs
£38,652
Estimated Minimum Ingoing Costs
£38,652
Annual Rent
£26,091
Estimated Annual Turnover
£433,333
Deposit
£6,522
Estimated Fixtures & Fittings Value
£22,000
Estimated Stock Valuation
£6,630
Estimated Working Capital
£3,500
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:
Arlington Avenue, Kenton, Newcastle Upon Tyne, NE3 4TS
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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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