Penny Black Stockton

Ellerton Road, Hartburn, Stockton On Tees TS18 5PU

  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton
  • Penny Black Stockton

Penny Black Stockton

Refurbishment Planned

The Penny Black is a contemporary pub situated in a large residential estate, on the outskirts of Stockton. Stylishly decorated throughout with warm, modern colours, the pub enjoys a good reputation amongst the local community and hosts regular entertainment evenings.

Due to undergo a refurbishment, there is a large dining area and the catering kitchen can accommodate for around 60 guests. This venue poses a superb opportunity for an experienced food orientated operator.

Experienced Licensee Required

Can you become the hub of the community? Do you have previous catering and business management experience? We are ideally seeking an experienced community operator who has the ability to capitalise on the full trade potential the Penny Black has to offer.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Long-Term FRI Lease
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally, this is a two bar operation. The lounge has enjoyed great success with the introduction of a substantial food offer and has room for further growth.

Externally, the pub also benefits from a large car park.

Private Accommodation

The private accommodation at the Penny Black consists of three bedrooms, lounge, kitchen and bathroom.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 00:00 11:00 - 01:00 11:00 - 01:00 11:00 - 00:30

Financials

Annual Rent £
26,500
Estimated Annual FMOP (Licensee Profit) £
28,742
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
389,529
Estimated Annual Barrelage
297

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
3,275
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
6,625
Rent In Advance £
510
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
15,945
Estimated Minimum Ingoing Costs £
10,743

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
1,198
Estimated Annual Maintenance Compliance Charge £
1,690
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased