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Peacock Newcastle

Arlington Avenue, Kenton, Newcastle Upon Tyne, NE3 4TS

Pub Code: 0070162101

Key Features

  • Spacious Pub
  • Catering Kitchen
  • Free of Tie on Wines & Spirits
  • Large Car Park
  • Private Accomidation

Est Min Ingoing Costs: £7,884

Annual Rent: £19,983

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More Information

Large Local Pub

The Peacock Inn is a large community pub located in Kenton, a densely populated suburb to the north of Newcastle. The abundance of affordable housing and the close proximity of a school, metro station, sports center, and shopping park make Kenton a popular place to live for families and represents an excellent opportunity for an entrepreneurial operator. This pub also benefits from a large following for sports and entertainment that could be capitalised on further.

Community Operator Wanted

The ideal operator of the Peacock would have knowledge of the local area as this would be a real advantage and previous experience of running a similar style large food-based community outlet. The ability to develop on the current a good food offering will be key to driving trade forward for the business.

  • Catering Kitchen

  • Foundation Tenancy

  • Live Sports

  • Pub Games

  • Car Park

  • Private Accommodation

  • Weekly Billing

Trading Area & Facilities

Internally the Peacock is a large and open planned space. The pub is served by one main, horseshoe-shaped bar. The generous space is divided into a section for dining occasions and another smaller section perfect for casual drinking.

Externally the pub has a large car park for approx. 20 cars and a paved terrace used during the better weather.

Private Accommodation

The private accommodation consists of three bedrooms, a lounge, kitchen, and bathroom, and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 -
23:00
11:00 -
23:00
11:00 -
23:00
11:00 -
23:00
11:00 -
23:00
11:00 -
23:00
11:00 -
23:00

Annual Rent £
19,983
Estimated Tenants Annual Operating Profit £
25,165
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
328,639
Estimated Annual Barrelage
250
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
5,950
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
4,996
Rent in Advance £
384
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
70
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,830
Estimated Minimum Ingoing Costs £
7,884
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
2,852
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** 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

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