Inn On The Green Coddington
The Green, Newark, NG24 2PSAgreement Type: Foundation Tenancy
View details for Inn On The Green Coddington
Sun Inn Tuxford
1, Newcastle Street, Newark, NG22 0LN
Pub Code: 2302639101
Key Features
- Great Community Local
- Affluent Area
- Pool & Games Area
- Outdoor Space
- Car Park
Est Min Ingoing Costs: £13,239
Annual Rent: £20,871
More Information
The Sun Inn is situated in the small, affluent town of Tuxford. It sits off the A1 motorway, on the boarders of the Lincolnshire Wolds. A local camping site attracts visiting customers to the area in the holiday seasons.
The pub is wet led, with the opportunity to offer a small bar menu. A packed events calendar of music, pool, and games, make The Sun Inn a popular community local.
Passionate New Operator Wanted!
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
• Understanding of the local community
• You know what it takes to build a successful business
• You love hospitality and are great with 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 Sun Inn is a two-room operation. The pub features a horse-shoe bar area. One area is dedicated to gins & spirits, with the other main bar being draught led. There is a great opportunity here to grow the cask ale offering.
The outdoor decking area leads out to a 30 cover been garden, with space to expand. The pub has a 20-car carpark. There is a second free car park adjacent to it, giving customers ample parking.
Private Accommodation
The private accommodation consists of 3 bedrooms, living room, kitchen, and bathroom.
| Annual Rent | £ 20,871 |
| Estimated Annual Turnover | £ 322,160 |
| Deposit | £ 5,217 |
| Estimated Fixtures & Fittings Value | £ 10,358 |
| Estimated Stock Valuation | £ 8,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 27,102 |
| Estimated Minimum Ingoing Costs | £ 13,239 |
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:
1, Newcastle Street, Newark, NG22 0LN
More properties in this region
Lincoln Green North Hykeham
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View details for Lincoln Green North Hykeham
Bridge Inn Nottingham
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View details for Bridge Inn NottinghamTo 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
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