Newburgh Inn Newburgh

2 weeks ago

Main Street, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Job Description:

Skills, Experience, Qualifications, If you have the right match for this opportunity, then make sure to apply today.
Pub Overview

Amazing location, multiple income stream business

Situated in the village of Newburgh, just outside Ellon in Aberdeenshire, the site is close to the beach and nature reserve that attracts many visitors. There are also approx. 20 golf courses in the vicinity and the Newburgh Inn is the only pub in the village.
The Newburgh has everything you need, a pub, kitchen, function room, car parking, child's play area and 10 en suite letting rooms, all decorated to a high finish.

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 Newburgh Inn will have extensive experience in hospitality businesses. They will have a clear vision for their food & drinks menu, marketing strategy 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…

Features

Foundation Tenancy
Catering Kitchen
Childrens Play Area
Function Room
Letting Rooms
Live Sports
Car Park
Outdoor Trade

Trading Area & Facilities

The Newburgh Inn is a large site over two floors. There is a pub & restaurant area, a separate function room and a third trading area that is currently used as the public bar with a pool table, darts & live sports. All are in good condition and brightly decorated. There is a full catering kitchen to support the popular food offer and carvery.

The 10 letting rooms are en suite with power showers and have a contemporary Scottish theme, there is a mix of twin and double rooms.

Externally, The Newburgh Inn is an impressive, welcoming building with car parking to the front and back. There is a beer garden and children's play areas.

Private Accommodation

There is no private accommodation on site

Pub Financials

Annual Rent £
50,080
Estimated Annual Turnover £
823,347
Deposit £
12,520
Estimated Fixtures & Fittings Value £
53,975
Estimated Stock Valuation £
12,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
81,995
Estimated Minimum Ingoing Costs £
19,673

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.