Bulls Head Inn Bideford Bid
36 High Street, Alcester, B50 4AAAgreement Type: Foundation Tenancy
View details for Bulls Head Inn Bideford BidUnder Offer
White Hart
Stratford Road, Stratford Upon Avon, CV37 8TS
Pub Code: 2302932101
Key Features
- Restaurant area with 50 covers
- Private Accommodation
- Car Park
- Free of Tie Wine, Spirits & Food
Est Min Ingoing Costs: £11,325
Annual Rent: £21,900
More Information
The White Hart, Newbold on Stour is 16th-century traditional country pub and restaurant. Situated in the village of Newbold on Stour on the A3400, between the historic market towns of Shipston on Stour and Stratford upon Avon, The White Hart is an ideal place for people to stop for a drink, lunch or evening meal.
The current offer is home-cooked food from an extensive menu as well as specials boards, which changes to reflect seasonal availability. The pub also benefits from serving well kept real ales and a comprehensive selection of wines.
The ideal operator will be hands-on and have food experience. You will build upon the White Hart's reputation for good food and extend this to attract visitors and families from further afield, turning this busy local pub into a destination food venue.
The current offer is home-cooked food from an extensive menu as well as specials boards, which changes to reflect seasonal availability. The pub also benefits from serving well kept real ales and a comprehensive selection of wines.
The ideal operator will be hands-on and have food experience. You will build upon the White Hart's reputation for good food and extend this to attract visitors and families from further afield, turning this busy local pub into a destination food venue.
Trading Area & Facilities
The pub has a lounge area and restaurant. The White Hart's restaurant can currently cater for up to 50 seated guests. Both have traditional decor with exposed beams and fireplaces.
Private Accommodation
The private accommodation has three bedrooms and a large living area and kitchen.
| Annual Rent | £ 21,900 |
| Estimated Annual Turnover | £ 358,621 |
| Deposit | £ 5,475 |
| Estimated Fixtures & Fittings Value | £ 6,000 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 24,975 |
| Estimated Minimum Ingoing Costs | £ 11,325 |
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:
Stratford Road, Stratford Upon Avon, CV37 8TS
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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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