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Run a Star Pub
4 months ago
Fantastic Live Music Venue
The George Stephenson is a large and very well-maintained pub on Great Lime Road, Westmoor, Newcastle. While the pub has kept its traditional features and atmosphere, its fabrics and lighting give it a contemporary and comfortable edge.
This pub is well known for its live music, regular events and great drinks offer. Both pub teams and live sports are also key to George's success. There is also an opportunity for a small, well-done food offer for an additional income stream.
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 George Stephenson will have extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu and 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
- Music Venue
- Outdoor Trade
- Private Accommodation
- Monthly Billing
- Weekly Billing
Trading Area & Facilities
The pub has a large, attractive wood-paneled bar selling a wide range of good quality keg beers, lagers, ciders, and a range of cask ales.
Externally, there is a well-appointed patio area with a large lawn to the rear complete with benches for outdoor drinking. The pub benefits from its placement on a busy road, making it ideal for passing trade.
Private Accommodation
The upstairs private accommodation is a very spacious three-bedroom flat.
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.
Pub Financials
Annual Rent £
24,260
Estimated Annual Turnover £
336,296
Deposit £
6,065
Estimated Fixtures & Fittings Value £
10,890
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
26,455
Estimated Minimum Ingoing Costs £
11,522
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.
