Hastings Arms Seaton Delaval

Wheatridge Row, Seaton Delaval, Whitley Bay, NE25 0QH

  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval
  • Hastings Arms Seaton Delaval

Hastings Arms Seaton Delaval

Established Destination Outlet

This charming destination pub in Seaton Delval benefits from little competition and a great reputation. Sitting in the heart of the community, it appeals both to the immediate locals and the surrounding areas.
The Hastings Arms currently excels in offering a fresh and locally sourced menu, as well as an extremely well-received tapas offer. Although the site is notorious for its food, it still caters as a community wet pub, ensuring the locals can always nip in for a pint. The pub currently has a great rhythm of the week, including pub quizzes, charity nights and live music.


BDM Vision

"This is a fantastic opportunity to run an already established site. The pub already has a great calendar of events, I'm looking for someone with fresh ideas and a good understanding of food to take it to the next level."


Enthusiastic Entrepreneur Wanted

Star Pubs & Bars are looking to work with an enthusiastic entrepreneur, someone who understands food and can easily integrate into the community. Are you looking for a new challenge? Do you have a great business plan and the drive to make it happen? If so, we'd love to hear from you.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Private Accommodation
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

The Hastings Arms is a historic pub that was respectfully refurbished in 2015, still respecting its steep history. The large pub is open, airy and has a great flow throughout, thanks to the bright and natural décor. The site is served by one large bar, spreading throughout open areas, allowing guests to be served in both the dining area and pool/bar room. Flat-screen TVs are also available throughout, ensuring a prime view for live sports.

Externally, this prominent site has picnic benches to the front and the rear, perfect for alfresco dining in the summer months. The Hastings Arms also boasts a large car park, a necessity for a destination site.

Private Accommodation

The private accommodation at the Hastings Arms consists of bedrooms, lounge, kitchen and bathroom. In line with our "Ready to Trade Promise", should any works be required, we will ensure your private accommodation is in good order so that you can focus your energy on getting business right.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30 08:00 - 02:30

Financials

Annual Rent £
36,750
Estimated Annual FMOP (Licensee Profit) £
39,174
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
565,537
Estimated Annual Barrelage
285

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
10,045
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
9,188
Rent In Advance £
707
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
28,240
Estimated Minimum Ingoing Costs £
14,426

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
2,372
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
6,108

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased