Harbour Lights
101 Lawe Road, South Shields, NE33 2AJAgreement Type: Investment Tenancy
View details for Harbour Lights
Spread Eagle North Shields
Preston Village, North Shields, NE29 9LB
Pub Code: 0070482101
Key Features
- Foundation Tenancy
- Catering Kitchen
- Function Room
- Outdoor Trade
- Car Park
- Private Accommodation
Est Min Ingoing Costs: £17,182
Annual Rent: £49,000
More Information
The area
The Spread Eagle is located in the village of Preston, close to Tynemouth. The pub is surrounded by mixed housing.
Demographics
The pub benefits from being one of 3 pubs found in an area of around 4,000 adults. The customer base is made up of elderly couples, older residents and single renters.
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?
It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, and cask ales.
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 destination food outlet 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
- Main trading area with bar
- Separate dining room
- Catering kitchen
- Function room
- SmartDispense
- Outdoor Trade
- Car park
Private Accommodation
Private accommodation to be confirmed.
| Annual Rent | £ 49,000 |
| Estimated Annual Turnover | £ 623,944 |
| Deposit | £ 12,250 |
| Estimated Fixtures & Fittings Value | £ 15,000 |
| Estimated Stock Valuation | £ 9,599 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 40,349 |
| Estimated Minimum Ingoing Costs | £ 17,182 |
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:
Preston Village, North Shields, NE29 9LB
More properties in this region
Chichester Arms South Shields
Chichester Road, South Shields, NE33 4AAAgreement Type: Foundation Tenancy
View details for Chichester Arms South Shields
Mill Tavern Hebburn
Mill Lane, Hebburn, NE31 2EUAgreement Type: Foundation Tenancy
View details for Mill Tavern HebburnTo 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
Pub Vacancy Alerts
Register now to receive regular email or text updates when new pubs to let come onto the market and get the latest news from Star Pubs & Bars. It’s free and puts you under no obligation.
Register
Want to know more?
To download our no nonsense guide to running your own pub click below.
Download