Springwell Inn Wrekenton

Springwell Road, Gateshead, Gateshead NE9 7AB

  • Springwell Inn Wrekenton
  • Springwell Inn Wrekenton
  • Springwell Inn Wrekenton
  • Springwell Inn Wrekenton
  • Springwell Inn Wrekenton
  • Springwell Inn Wrekenton
  • Springwell Inn Wrekenton

Springwell Inn Wrekenton

Charming Community Local

The Springwell Inn is a popular, community pub on the outskirts on Gateshead, south of Newcastle City. Occupying a roadside location, in a semi-rural setting, the pub enjoys the support of local residents. The pub benefits from being the only one in the vicinity, making this a great opportunity for an experienced community operator. As a community local, the pub currently offers a range of activities to entice guests, such as televised sports, quiz nights, karaoke and bingo. While the offer is drinks led at present, there is excellent potential to create a tasty food offer, to increase dwell time of your guests.

Experienced, Passionate Operator Wanted

Are you an innovative & vibrant operator? If so, we would love to hear from you. You will need to demonstrate business management skills such as people management, financial management and customer service.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Live Sports
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Springwell Inn has an open plan trading area with zones for food and a pool table. A galley type bar is the focal point and the décor is traditional with a modern feel and lots of natural finishes in wood. There is a darts board and gaming machine. There are large screen TV to facilitate the showing of live sports.

Externally the pub is well maintained with good kerb appeal and there is also an outside trading area to the front.

Private Accommodation

The private accommodation consists of bedrooms, kitchen, bathroom and lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 00:00 10:00 - 00:00 10:00 - 23:00

Financials

Annual Rent £
9,250
Estimated Annual FMOP (Licensee Profit) £
22,645
Representative HEINEKEN UK Brand Discount Per Barrel £
219
Estimated Annual Turnover £
153,402
Estimated Annual Barrelage
171

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 £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
178
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
13,363
Estimated Minimum Ingoing Costs £
8,956

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 £
1,463
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

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