Victoria Gardens Sunderland

1 China Street, Sunderland SR2 8RT

Under Offer
  • Victoria Gardens Sunderland
  • Victoria Gardens Sunderland
  • Victoria Gardens Sunderland
  • Victoria Gardens Sunderland
  • Victoria Gardens Sunderland
  • Victoria Gardens Sunderland

Victoria Gardens Sunderland

Fantastic Community Pub!

Situated in the south side of Sunderland, this attractive venue has massive kerb appeal and is integral to the local community. The main trade comes from the surrounding, densely populated area and is boosted by students during term time.

The outside trading area and catering kitchen makes the pub a great choice for socialising with friends and family. Recently refurbished, the pub has contemporary design mixed with natural finishes.

Community Focused Operator Wanted!

Are you able to immerse yourself in the local community and deliver exceptional service? Can you build on the existing food and drinks offer to attract new visitors? The Victoria Gardens is a great opportunity to run a successful pub business.

Pub Features

  • Rolling Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Pub Games
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

With its impressive mock tudor façade and outside trade area, the pub is a landmark in the local area.

Internally, the pub is newly decorated to a high standard with a beautiful wood bar. Exposed brick contrasts with contemporary natural finishes and the catering kitchen can provide meals for circa 60 covers.

There is a pool table and potential to introduce self-contained letting rooms giving the operator a further income stream.

The outside trading area is well maintained and increases kerb appeal.

Private Accommodation

The private accommodation consists of three bedrooms, lounge, kitchen & bathroom.

In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
12:00 - 00:30 12:00 - 00:30 12:00 - 00:30 12:00 - 00:30 12:00 - 01:30 12:00 - 01:30 12:00 - 00:00

Financials

Annual Rent £
26,750
Estimated Annual FMOP (Licensee Profit) £
28,818
Representative HEINEKEN UK Brand Discount Per Barrel £
106
Estimated Annual Turnover £
204,603
Estimated Annual Barrelage
262

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 £
14,175
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
6,688
Rent In Advance £
514
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
28,562
Estimated Minimum Ingoing Costs £
12,414

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 £
1,638
Estimated Annual Maintenance Compliance Charge £
1,167
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
5,950

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