George Stephenson Westmoor
Great Lime Road, Westmoor, Newcastle Upon Tyne, NE12 7NJAgreement Type: Foundation Tenancy
View details for George Stephenson Westmoor
Hastings Arms Seaton Delaval
Wheatridge Row, Seaton Delaval, Whitley Bay, NE25 0QH
Pub Code: 0070099101
Key Features
- Foundation Tenancy
- Catering Kitchen
- Function Room
- Cask Ales
- Car Park
- Private Accommodation
Est Min Ingoing Costs: £15,192
Annual Rent: £36,909
More Information
The area
The Hastings Arms is located 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 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 and selection of pubs games, such as pool. 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 destination food outlet 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
- Catering kitchen
- Function room
- SmartDispense
- Outdoor trade
- Car park
- Pub games
Private Accommodation
Private accommodation consists of bedrooms, kitchen, a living room and bathroom.
| Annual Rent | £ 36,909 |
| Estimated Annual Turnover | £ 593,135 |
| Deposit | £ 9,227 |
| Estimated Fixtures & Fittings Value | £ 25,960 |
| Estimated Stock Valuation | £ 8,616 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 47,303 |
| Estimated Minimum Ingoing Costs | £ 15,192 |
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:
Wheatridge Row, Seaton Delaval, Whitley Bay, NE25 0QH
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View details for Spread Eagle North Shields
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View details for Queen Victoria Newcastle Upon TyneTo 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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