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Square Deeping

13, Market Place, Market Deeping, PE6 8EA

Pub Code: 0092016101

Key Features

  • Great Location
  • Food Opportunity
  • 140 covers
  • Good Demographics

Est Min Ingoing Costs: £10,388

Annual Rent: £33,940

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More Information

Great Food Opportunity

This Square is set in the centre of the historic market town of Market Deeping.  The pub attracts a good mixture of people as there is something for everyone of all ages: from young people looking for somewhere local at weekend instead of going in to Peterborough; or professionals and couples looking to go for a nice drink. Currently the pub has its own pool room and weekend entertainment to drive trade. There is a real opportunity to provide a good food offer as a full catering kitchen is on site with a dumb waiter elevator.

 

Local Food Operator

We are looking for an experienced food operator with good local knowledge. Someone to create and deliver a strong USP to make the Square stand out against the competition. Does this sound like you? If so come and talk to us today.

 

  • Foundation Tenancy

  • Function Room

  • Smoking Area

  • Outdoor Trade

  • Private Accommodation

Trading Area & Facilities

The Square is in good walk-in condition and has been recently painted throughout. The site boasts a full catering kitchen and this is a great opportunity to utilise this. The premises is split over 2 floors and can cater for 140 covers. The second bar upstairs could be a function room or restaurant. Outdoor there is an area with a few benches and covered smoking area. There is public parking too right outside in the main square.

Private Accommodation

The Living accomodation is on the third floor. This consist of one double bedroom, Living room, kitchen and bathroom. This would be ideal for one person or a couple but would not be suitable for family living.

Premises Licence Details

Please refer to the premises license for full details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
07:00 -
01:30
07:00 -
01:30
07:00 -
01:30
07:00 -
01:30
07:00 -
01:30
07:00 -
01:30
07:00 -
01:30

Annual Rent £
33,940
Estimated Tenants Annual Operating Profit £
34,688
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
424,807
Estimated Annual Barrelage
172
* 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

Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £
14,630
Estimated Fixtures and Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
8,485
Rent in Advance £
653
Training Fee £
425
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
30,503
Estimated Minimum Ingoing Costs £
10,388
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £
1,357
Estimated Annual Maintenance Compliance Charge £
1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6108
Estimated Annual Repairs Fund £
1300
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
** 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

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