Bridge Durham
40 North Road, Durham, DH1 4PWAgreement Type:
Foundation Tenancy
View details for Bridge Durham
Big Jug Durham
Big Jug Durham
83, Claypath, Durham, DH1 1RG Pub Code: 0070029101
Pub Code: 0070029101
Foundation TenancyEst Min Ingoing Costs: £15,803
Annual Rent: £45,365
A fabulous refurbishment transformed the Big Jug in Durham into a great traditional community pub.
What would you do with this pub to make it a success?
The Area:
The Big Jug is located in the town of Durham, The pub benefits from ample passing trade, due to its prominence to a major supermarket. The demographics show an opportunity of circa 17,957 adults within 20 minutes walking distance. This is mainly made up of young, midlife, and mature adults.
The Offer:
High mix of premium drinks across all categories. Craft beer and cider heavy with premium spirits served free-pour with a great cocktail range.
Grab and go food offer such as pizza/kebab with salad station playing a large part during mid-week and lunchtime occasions but more takeaway on wet led weekend nights.
A great coffee offer anytime of the day to early evening.
Entertainment such as weekly live music, DJ nights and open mike nights linked into the vibrant student & craft scene.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a well thought through 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, and. It offers a selection of popular beers, ciders, wines and spirits, cask ales, 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 high street hospitality business. They will have a clear vision for their entertainment offer, 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…
Trading Area & Facilities
- Main trading area with bar
- 63 internal covers
- 16 external covers
- Catering kitchen
- Function room-small
- HEINEKEN Smart Dispense
Private Accommodation
Private accommodation consists of three bedrooms, kitchen, a living room and bathroom.
Estimated Total Ingoing Costs
£48,364
Estimated Minimum Ingoing Costs
£15,803
Annual Rent
£45,365
Estimated Annual Turnover
£551,796
Deposit
£11,341
Estimated Fixtures & Fittings Value
£25,000
Estimated Stock Valuation
£8,523
Estimated Working Capital
£3,500
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.
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.
Location:
83, Claypath, Durham, DH1 1RG
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To apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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