Londesborough Arms Hotel Seamer
24 Main Street, Scarborough, YO12 4PSAgreement Type:
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Lord Nelson Hotel Hull
Lord Nelson Hotel Hull
163, Endike Lane, Hull, HU6 7UA Pub Code: 2303375101
Pub Code: 2303375101
Foundation TenancyEst Min Ingoing Costs: £9,628
Annual Rent: £13,538
The Lord Nelson Hotel is a popular community pub situated in a residential area near to the University of Hull. It is a characterful venue and well supported by the local residents. The area has a mixed age group and includes local families and students from the University nearby, which provides the operator with an opportunity to build an exciting and enticing offer.
The Lord Nelson Hotel is known for it's fundraising events, support of local rugby teams and hosting local boxing club events.
It has a large function area, with its own private bar making it perfect for all group occasions which offers an excellent opportunity to expand on events and provide an additional income stream. The pub is popular for Live Sports, entertainment and pub games, including Pool and Darts. Currently there is no food offer.
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
The Lord Nelson Hotel has a traditional pub interior which is full of character, with natural finishes in wood and exposed stone wall giving it a welcoming feel. The layout consists of 3 areas, the public bar, function room and games room. The public bar is open plan and has a galley type bar as the focal point. The function room is good size and perfect for a variety of group occasions. The games room features a pool table and hatch access to the bar.
Externally the pub has a traditional community pub appearance with bold signage. There is parking to the front and side, along with some picnic benches to help make the most of the summer months.
Private Accommodation
The private accommodation is of a good standard, suitable for a family. It consists of 3 bedrooms, kitchen diner , bathroom, office and large lounge. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.
Estimated Total Ingoing Costs
£15,384
Estimated Minimum Ingoing Costs
£9,628
Annual Rent
£13,538
Estimated Annual Turnover
£216,529
Deposit
£3,384
Estimated Fixtures & Fittings Value
£3,500
Estimated Stock Valuation
£5,000
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:
163, Endike Lane, Hull, HU6 7UA
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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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