Travellers Rest Witton Gilbert

Front Street, Witton Gilbert, Durham DH7 6TQ

  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert
  • Travellers Rest Witton Gilbert

Travellers Rest Witton Gilbert

Exciting Business Opportunity

This beautiful pub has been invested in heavily in recent years and it has become a real destination outlet for great food and perfect pour drinks. Travellers Rest is in the village of Witton Gilbert which is situated about 3.7 miles to the north-west of Durham. The pub has a large well-appointed and maintained trading area that includes a conservatory, making it ideal for all occasions and giving the operator multiple income streams.

Ambitious Operator Wanted

Are you an ambitious operator who has the necessary skill and drive to develop The Travellers Rest? With our support, you will grow your business using your passion for service and insight into what you customers wants.

Pub Features

  • Rolling Tenancy
  • Function Room
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Travellers Rest has a large, zoned open plan trading area and a commercial kitchen that can easily support the circa 100 covers available.

The conservatory can be used for private functions of up to 40 customers and the pub is decorated to a very high standard, using natural stone and wood finishes against cool contemporary fabrics and furniture.

The private accommodation could be adapted in the future to be a one bedroom flat with the remaining rooms changed to letting rooms for a further income stream.


Externally The Travellers Rest boasts a large car park at the rear with more parking space at the front, there is a patio area with decking to give your customers an Al Fresco dining option.

Private Accommodation

Onsite accommodation includes four bedrooms, lounge, kitchen and bathroom.

The accommodation could be adapted in future to be a one bedroom flat with the remaining rooms changed to letting rooms for a further income stream.

Should they be required, there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 12:00 - 22:30

Financials

Annual Rent £
37,500
Estimated Annual FMOP (Licensee Profit) £
39,040
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
520,537
Estimated Annual Barrelage
100

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

Historical volume figures may not include purchases made through 3rd Parties.

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
10,125
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
10,000
Deposit Amount £
9,375
Rent In Advance £
721
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
32,406
Estimated Minimum Ingoing Costs £
18,435

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) 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.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,477
Estimated Annual Maintenance Compliance Charge £
1,329
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
Wet & Dry - from 6,108pa

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* 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

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased