Plough Inn Gateshead
Kibblesworth, Gateshead NE11 0YJ
Plough Inn Gateshead
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
Trading Area & Facilities
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
Premises Licence 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 |
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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 |
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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 |
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In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds. |
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| 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 |
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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 |
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