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Run a Star Pub

4 months ago

Durham, County Durham, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

The Gate located in the Framwellgate Moor area of Durham City. The pub is surrounded by mixed housing. The pub benefits from being one of 4 pubs found in an area of around 3,000 adults. The customer base is made up of home sharers, singles and mature adults.

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a strong food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live sports, selection of pub games, such as pool, and darts and live entertainment. It offers a selection of a pub classic menu and coffees.

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 community led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports 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...

Features

  • Catering Kitchen
  • Foundation Tenancy
  • Car Park
  • Private Accommodation


Trading Area & Facilities

  • Main trading area with bar
  • 66 internal covers
  • Catering kitchen
  • SmartDispense
  • Garden
  • Car park with 12 spaces


Private Accommodation

Private accommodation consists of bedrooms, a living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Pub Financials

Annual Rent £
24,926
Estimated Annual Turnover £
413,057
Deposit £
6,232
Estimated Fixtures & Fittings Value £
76,070
Estimated Stock Valuation £
8,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
93,802
Estimated Minimum Ingoing Costs £
13,577

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.