New Inn Tadley
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Thirsty Bear Reading
110, Kings Rd, Reading, RG1 3BY
Pub Code: 0090017101
Key Features
- Well Established
- Huge Function Room
- Roof Top Seating Area
- Good Food opportunity
- Private Accomodation
Est Min Ingoing Costs: £67,699
Annual Rent: £56,797
More Information
The Thirsty Bear is located in the town of Reading, close to reading centre. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 38 pubs found in an area of around 7899 adults. The main customer base is made up of families, young adults, and elderly.
Available on our FRI agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a well thought through food & drinks offer. As well as maximizing the function room. The Thirsty Bear is well known for pizza offer now.
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 similar 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
- Open plan one bar operation
- Function Room Upstairs with bar
- 92 internal covers
- 36 external covers
- Catering kitchen
Private Accommodation
Private accommodation consists of 3 bedrooms, bathroom and toilet.
| Annual Rent | £ 56,797 |
| Estimated Annual Turnover | £ 792,664 |
| Deposit | £ 14,199 |
| Estimated Fixtures & Fittings Value | £ 35,000 |
| Estimated Stock Valuation | £ 15,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 67,699 |
| Estimated Minimum Ingoing Costs | £ 67,699 |
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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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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