Priory Tynemouth
Front Street, Newcastle, NE30 4DXAgreement Type:
Just Add Talent
View details for Priory Tynemouth
Ship Inn Wylam
Ship Inn Wylam
Main Road, Wylam, NE41 8AQ Pub Code: 0070474101
Pub Code: 0070474101
Foundation TenancyEst Min Ingoing Costs: £12,710
Annual Rent: £25,055
The area
The Ship Inn is located in the village of Wylam, along the Hadrian’s Wall Path in the Tyne Valley.
Demographics
The pub benefits from being one of 4 pubs found in an area of around 1,529 adults. The Ship Inn customer base is made up of midlife and mature adults.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through food & drinks offer as well as developing the potential of the letting rooms.
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 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
Trading areas and facilities
- Main trading area
- 6 x letting rooms
- 50 x internal covers
- 20 external covers
- Small catering kitchen
- Smart Dispense
- External beer garden
- Car park with 6 spaces
Private Accommodation
Private accommodation consists of 2-3 bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£44,436
Estimated Minimum Ingoing Costs
£12,710
Annual Rent
£25,055
Estimated Annual Turnover
£436,341
Deposit
£6,263
Estimated Fixtures & Fittings Value
£27,550
Estimated Stock Valuation
£7,123
Estimated Working Capital
£3,500
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:
Main Road, Wylam, NE41 8AQ
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To 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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