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RegisterSun Inn Morpeth
Sun Inn Morpeth
High Church, Morpeth, NE61 2QT Pub Code: 0070217101
Pub Code: 0070217101
Foundation TenancyEst Min Ingoing Costs: £30,728
Annual Rent: £91,366
Stunning high volume wet & dry led business in Morpeth.
What would you do with this pub to make it even more of a success?
The area:
The Sun Inn is located in the town of Morpeth, close to neighbouring villages such as Ashington & Bedlington. The pub is surrounded by mixed housing.
Demographics:
The pub benefits from being one of 3 pubs found in an area of around 2,309 adults. The Sun Inn customer base is made up of Mature and midlife adults.
The offer:
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a high-quality, high-volume food offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via Entertainment and a selection of pubs games, such as pool. It offers a selection of a pub classic menu, cask ales, and popular beers, ciders, wines and spirits.
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 community led hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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 combined restaurant & bar
- Commercial Kitchen
- 120 internal covers
- 50 external covers
- Heineken SmartDispense
- Large Beer Garden
- Large Car park
- Pool Table
- Live Entertainment
Private Accommodation
Private accommodation consists of three bedrooms, a living room, kitchen, bathroom.
Estimated Total Ingoing Costs
£73,691
Estimated Minimum Ingoing Costs
£30,728
Annual Rent
£91,366
Estimated Annual Turnover
£1,265,730
Deposit
£22,841
Estimated Fixtures & Fittings Value
£27,735
Estimated Stock Valuation
£19,615
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:
High Church, Morpeth, NE61 2QT
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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
