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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
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.
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.
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.
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
** 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.
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
* 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
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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