Run a Star Pub

2 weeks ago

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

The area

The Mill House is a flagship destination pub, located in Birtley with great access to Newcastle, Durham and the surrounding areas.

Demographics

The pub benefits from being the only pub found in an area of around 200 adults. The customer base is made up of settled familied, busy couples and homeowners.

The offer

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

It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales.

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 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

  • Catering Kitchen
  • Car Park
  • Outdoor Trade
  • Cask Ale
  • Foundation Tenancy


Trading Area & Facilities

  • Main trading area with bar
  • Separate dining room
  • Catering kitchen
  • Function room
  • SmartDispense
  • Outdoor trade
  • Car park


Private Accommodation

There is no private accommodation at the pub.

Pub Financials

Annual Rent £
64,335
Estimated Annual Turnover £
1,003,163
Deposit £
16,084
Estimated Fixtures & Fittings Value £
59,605
Estimated Stock Valuation £
20,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
99,189
Estimated Minimum Ingoing Costs £
28,861

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.

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