Royal Oak Inn Brockham
Brockham Green, Betchworth, RH3 7JSAgreement Type:
Foundation Tenancy
View details for Royal Oak Inn Brockham
Derry Long Newton
Derry Long Newton
Darlington Road, Long Newton, Stockton On Tees, TS21 1PE Pub Code: 0070391101
Pub Code: 0070391101
Foundation TenancyEst Min Ingoing Costs: £15,342
Annual Rent: £37,376
The area
The Derry is located in the village of Longnewton, in the borough of Stockton-on-Tees. The pub is surrounded by residential housing.
Demographics
The pub benefits from being one of 2 pubs found in an area of around 800 adults. The customer base is made up of mature households, retired couples and families.
The offer
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 & 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 and selection of pub games, such as pool, and darts. It offers a selection of a pub classic menu 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 community led 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…
Trading Area & Facilities
- Main trading area with bar
- Separate dining room
- 70 internal covers
- 100 external covers
- Catering kitchen
- SmartDispense
- Large, uncovered beer garden with huts and children’s play area
- Car park with 25 spaces
- Pub games
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£51,571
Estimated Minimum Ingoing Costs
£15,342
Annual Rent
£37,376
Estimated Annual Turnover
£567,276
Deposit
£9,344
Estimated Fixtures & Fittings Value
£30,000
Estimated Stock Valuation
£8,727
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:
Darlington Road, Long Newton, Stockton On Tees, TS21 1PE
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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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