Railway Tavern Newport

62 Upper Bar, Newport, Newport TF10 7EJ

  • Railway Tavern Newport
  • Railway Tavern Newport
  • Railway Tavern Newport
  • Railway Tavern Newport
  • Railway Tavern Newport

Railway Tavern Newport

Sporting High Street Pub

The Railway Tavern is a great high street pub in a superb location. The pub attracts locals in with a variety of events and increases trade by hosting functions. With its wide high street and a fabulous range of shops, Newport is a very popular place to live in this part of Shropshire. Newport boasts more than its fair share of good schools and is set within beautiful countryside. The fabulous walks of the Wrekin are close by.

Local entrepreneur required!

The Railway Tavern will appeal to someone from the local area who can maintain and develop the current retail offer. Ideal you ll be passionate about keeping real ales as well as committed to high retail and service standards, and you ll enjoy the lively trade generated in this high street location. This could be the perfect pub for a first-time publican."

Pub Features

  • Business Start-Up Agreement
  • Music Venue
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Railway Tavern is excellent decorative order, with an open-plan trading space, there are serveral TVs and a pool table attracting sports trade.

Private Accommodation

There are two bedrooms, a kitchen and a lounge, in good condition throughout. In line with our "Ready to Trade Promise", should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Please refer to the Premises Licence for further 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 - 00:00

Financials

Annual Rent £
13,000
Estimated Annual FMOP (Licensee Profit) £
16,037
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
296,377
Estimated Annual Barrelage
179

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 £
8,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,250
Rent In Advance £
250
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
16,685
Estimated Minimum Ingoing Costs £
9,268

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
TBC
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