Lambs Arms Crawcrook
Jubilee Terrace, Crawcrook, Ryton, NE40 4HLAgreement Type: Foundation Tenancy
View details for Lambs Arms Crawcrook
Ship Inn Wylam
Main Road, Wylam, NE41 8AQ
Pub Code: 0070474101
Key Features
- Affluent Village
- Outdoor Trading
- Catering Kitchen
- Letting Rooms
- Private Accommodation
Est Min Ingoing Costs: £10,591
Annual Rent: £25,091
More Information
Stunning Village Inn
The Ship Inn is located in the affluent and pretty Northumberland village of Wylam, close to Newcastle. The surrounding villages of Heddon, Crawcrook and Prudhoe further add to the pub’s catchment area. A championship golf course at Close House is also only half a mile away from the pub.
Star Pubs & Bars previously invested heavily in Ship Inn, which has transformed the pub into a high-quality business, with three income streams. The project included the installation of a kitchen for a great dining experience and added five letting rooms, capitalising on the tourist trade in the area. There is scope to cosmetically enhance these rooms by a visionary licensee. All of this leads to the Ship being a great business proposition as a traditional country pub offering quality bed and breakfast accommodation.
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 Ship Inn will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and 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
The Ship Inn is a one bar operation with a wide range of good quality keg beers, lagers, ciders and a range of cask ales. The site can seat up to 70 guests served by a fully equipped catering kitchen, providing homemade dishes. Many traditional features were retained during the previous refurbishment including a feature fireplace, and wooden floor around the bar. The Ship Inn also has strong games representation, with its own separate area hosting TVs and a pool table.
Externally, the pub boats an excellent beer garden to the rear of the property where customers can sit and relax in the summer months. The pub does not have its own car park but there is one a short walk away.
Externally, the pub boats an excellent beer garden to the rear of the property where customers can sit and relax in the summer months. The pub does not have its own car park but there is one a short walk away.
Private Accommodation
The Ship Inn’s private accommodation is in good condition and consists of two bedrooms, lounge, kitchen, and bathroom with separate WC, office and garage.
| Annual Rent | £ 25,091 |
| Estimated Annual Turnover | £ 340,583 |
| Deposit | £ 6,273 |
| Estimated Fixtures & Fittings Value | £ 27,555 |
| Estimated Stock Valuation | £ 5,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 42,328 |
| Estimated Minimum Ingoing Costs | £ 10,591 |
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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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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