White Horse South Shields

Quarry Lane, South Shields, South Shields NE34 7QZ

  • White Horse South Shields
  • White Horse South Shields
  • White Horse South Shields
  • White Horse South Shields
  • White Horse South Shields
  • White Horse South Shields

White Horse South Shields

Multiple Income Stream Business

The White Horse in South Shields is in great condition throughout following a renovation last year. The pub is a superb business opportunity for any food focused operator. Positioned in a residential estate in South Shields, the pub is very well supported by the families surrounding the pub. The pub looks onto walking fields and South Shields Golf Club, which could generate further revenue for this fabulous pub. Currently the pub provides guests with a menu of locally sourced dishes and fresh produce. The welcoming service and comfortable atmosphere makes this a pleasant place to dine and drink. Live entertainment such as Karaoke, DJ and live music entices guests to this superb community local.

Family-Friendly Operator Wanted.

Are you truly passionate about consistency of service, with catering and customer experience? A robust business plan, detailing a steady rhythm of the week to drive trade will be required.

Pub Features

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

Trading Area & Facilities

The White Horse underwent renovations recently. Internally, it has a number of large open plan trading areas containing mixed seating. The focal point is the galley type bar and large rustic open fire. In addition there is another open fire, which along with the traditional décor and natural finishes gives the White Horse a cosy, welcoming feel.

Externally the pub is well maintained with good kerb appeal and there is also an outside trading area to the side and front.


Private Accommodation

The private accommodation consists of bedrooms, a kitchen and a lounge. As part of our Ready to Trade promise, we will ensure that your private accommodation is in a good state of repair so that you can focus your time and energy on your new business.

Premises Licence Details

Please refer to the Premises Licence for further 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 - 00:00 11:00 - 00:00 11:00 - 00:00 12:00 - 22:30

Financials

Annual Rent £
9,750
Estimated Annual FMOP (Licensee Profit) £
21,805
Representative HEINEKEN UK Brand Discount Per Barrel £
200
Estimated Annual Turnover £
255,520
Estimated Annual Barrelage
145

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 £
7,500
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
3,000
Rent In Advance £
188
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 £
15,873
Estimated Minimum Ingoing Costs £
8,998

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 £
TBC
Estimated Annual Maintenance Compliance Charge £
1,463
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