Plough Inn Gateshead

Kibblesworth, Gateshead NE11 0YJ

  • Plough Inn Gateshead
  • Plough Inn Gateshead
  • Plough Inn Gateshead
  • Plough Inn Gateshead
  • Plough Inn Gateshead
  • Plough Inn Gateshead
  • Plough Inn Gateshead
  • Plough Inn Gateshead

Plough Inn Gateshead

Popular Village Pub with Letting Rooms

The Plough Inn sits in the village of Kibblesworth and on the main route through the village leading to Gateshead and the A1. Kibblesworth is located a short distance west of Gateshead and about 5 miles from Newcastle. The pub is also only approximately 2 miles from the famous Angel of the North and Team valley Trading Estate, one of the UK's largest purpose-built commercial estates. It is immediately surrounded by residential properties and already popular with the local community. The pub has 4 letting rooms, which combined with its location provides real potential for the right operator to make the pub an appealing place for both locals and visitors. Star Pubs & Bars feels the Plough Inn can be a mix of a great community pub and destination site.

The pub has been offering a traditional pub food menu with good real ale options. There is a great opportunity for the new operator to refresh the food offer, providing high quality pub classics and a complimentary premium drink offer to entice customers to the pub and really drive trade.

Food & Letting Rooms Experience Required

We are looking for an operator who has experience putting together great menus and can also operate letting rooms. You will preferably have experience in operating a successful pub business, but we are also interested to hear from applicants with drive and ambition to adapt their business experience.

Pub Features

  • Rolling Tenancy
  • Letting Rooms
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Cask Ale
  • Weekly Billing

Trading Area & Facilities

The Plough Inn has a large open plan interior, with a bar area and snug to the left as you enter and a dining area to the right. Both areas feature their own bars. There is a catering kitchen which can service approximately 45 covers. The interior has an appealing rustic decor with lots of natural wood and exposed brickwork. Lantern style lighting, ceiling beams and an open fireplace have been used to give the pub a cosy, inviting feel.

The pub has 4 en-suite letting rooms upstairs all in good condition.

The exterior of the pub has a soft green painted traditional facade, which gives it great kerb appeal. There is beer garden to the rear, which will add real appeal in the summer months, and a good-sized car park for visitors.

Private Accommodation

There is no private accommodation.

Premises Licence Details

Please refer to the Premises Licence for full details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 12:00 - 22:30

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

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 £
TBC
Estimated Fixtures & Fittings Valuation Fee £
TBC
Estimated Stock Valuation £
TBC
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
TBC
Premises Licence Fee £
TBC
Rates Assessment Fee £
TBC
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
TBC

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 £
1,936
Estimated Annual Maintenance Compliance Charge £
TBC
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

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