Collingwood Arms Brandling
Brandling, Newcastle Upon Tyne, NE2 4RSAgreement Type: Foundation Tenancy
View details for Collingwood Arms Brandling
Punchbowl Jesmond
Jesmond Road, Jesmond, Newcastle Upon Tyne, NE2 1JY
Pub Code: 0070442101
Key Features
- Foundation Tenancy
- Catering Kitchen
- Outdoor Trade
- Live Music
- Cask Ales
- Private Accommodation
Est Min Ingoing Costs: £23,278
Annual Rent: £72,005
More Information
The area
Beautiful historic pub that holds a prominent position within the “city village” of Jesmond. The Punchbowl is a striking, stone built pub situated within walking distance from local businesses and redeveloped flats and housing. The pub is located on the main road from the city of Newcastle out to Whitley Bay. The area is made up of great demographics, young professionals, and career couples flock to this area of Newcastle to set up home and enjoy the city and village lifestyle all in one.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment. It offers a selection of popular beers, ciders, wines and spirits, cask ales, and a pub classic menu.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- Catering kitchen
- Function room
- SmartDispense
- Outdoor Trade
- Car park
Private Accommodation
Private accommodation consists of 3 bedrooms, kitchen, a living room, and bathroom.
| Annual Rent | £ 72,005 |
| Estimated Annual Turnover | £ 1,051,974 |
| Deposit | £ 18,001 |
| Estimated Fixtures & Fittings Value | £ 69,955 |
| Estimated Stock Valuation | £ 13,778 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 105,234 |
| Estimated Minimum Ingoing Costs | £ 23,278 |
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.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
Jesmond Road, Jesmond, Newcastle Upon Tyne, NE2 1JY
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View details for Queen Victoria Newcastle Upon TyneTo 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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