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RegisterThirsty Bear Reading
Thirsty Bear Reading
110, Kings Rd, Reading, RG1 3BY Pub Code: 0090017101
Pub Code: 0090017101
Foundation TenancyEst Min Ingoing Costs: £15,019
Annual Rent: £54,226
Well Established Town Centre Site. What would you do with this pub to make it even more of a success?
The area
The Thirsty Bear is located in the town of Reading. The pub is surrounded by shops, food and retails outlets and mixed housing.
Demographics
The pub benefits from being one of 18 pubs found in an area of around 6445 adults. The main customer base is made up of employed adults. The pub is in a high affluence area.
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 well thought through food and drinks offer. What food & drinks would you look to implement in the pub?
The site currently offers a selection of food, popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade?
[experienced] If you’ve benefited from running or owning a food led pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have extensive experience in a high street 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
- 80 internal covers
- 16 external covers
- Large catering kitchen with separate pizza oven counter
- Function room with own bar
- SmartDispense
Private Accommodation
Private accommodation consists of 3 bedrooms, bathroom, a living room, and kitchen.
Estimated Total Ingoing Costs
£54,057
Estimated Minimum Ingoing Costs
£15,019
Annual Rent
£54,226
Estimated Annual Turnover
£728,021
Deposit
£13,557
Estimated Fixtures & Fittings Value
£30,000
Estimated Stock Valuation
£7,000
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:
110, Kings Rd, Reading, RG1 3BY
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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
