Run a Star Pub

Pub OverviewPlease note that the financials that are advertised are indicative numbers and subject to change.Pub is furnished to combine “rural character” with a modern twist.What would you do with this pub to make it even more of a success?The areaThe Milbourne Arms is located in the village of Hollywell in Whitley Bay. The pub is surrounded by some local businesses and mixed housing.DemographicsThe pub benefits from being one of 3 pubs found in an area of around 1,295 adults within a 10-minute walk time. The Milbourne Arms customer base is made up of mature and midlife adults.The offerAvailable on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a food & drinks offer. What food & drinks would you look to implement in the pub?The site currently has the ability to drive trade via live entertainment, live sports. It offers a selection of a pub classic menu, a popular carvery, and popular beers, ciders, wines and spirits.We’re always open to new ideas, what would you do to drive trade?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 pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer 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...FeaturesFoundation TenancyOutdoor TradeFunction RoomCatering KitchenCar ParkPub GamesPrivate AccommodationMusic VenueLive SportsTrading Area & FacilitiesMain trading area with barLarge beer garden & separate courtyard area90 internal covers within the main building & sports bar60 external coversCatering kitchenStable Bar act as a separate Function room if requiredSmartDispenseCar park with 8 spacesPrivate AccommodationPrivate accommodation consists of 3 bedrooms, office, a living room, kitchen, bathroomPub FinancialsPub Financials IconEstimated Total Ingoing Costs£58,042Estimated Minimum Ingoing Costs£13,280Annual Rent£28,571Estimated Annual Turnover£515,032Deposit£7,142Estimated Fixtures & Fittings Value£40,000Estimated Stock Valuation£7,400Estimated Working Capital£3,500The 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.DownloadsDemographics Report Download arrowEnergy Performance Certificate Download arrow #J-18808-Ljbffr