Stoke Inn
43 Davenport Road, Plymouth, PL3 4DLAgreement Type: Investment Tenancy
View details for Stoke Inn
Old Inn Malborough
Higher Town, Kingsbridge, TQ7 3RL
Pub Code: 2303030101
Key Features
- Great Location
- Established Trade
- 5 Letting Rooms
- Outside Trading Area
- Great Food Opportunity
- Car Park
Est Min Ingoing Costs: £13,168
Annual Rent: £32,020
More Information
The Old Inn is located in the town of Malborough, close to Salcombe.
Old Inn is in the perfect location for attracting visitors to the area as it is only a short distance from many major tourist attractions such as South Milton Sands, Hope Cove, Soar Mill Cove to name a few. It is also near local caravan and camping sites making it an ideal place for locals and holiday makers to visit for breakfast, lunch or tea.
Demographics:
The pub benefits from being one of 2 pubs found in an area of around 566 adults. The majority customer base is made up of midlife and mature adults. Also, a magnet for holiday makers throughout the summer months.
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 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 providing a strong food offer, 5 letting rooms. and entertainment. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits, 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-volume 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
Trading areas and facilities:
- Main trading area with bar
- Two Separate dining areas
- 60 internal covers
- 15 external covers
- Medium size catering kitchen
- 5 letting rooms.
- Outside trading
- Car park with approx. 10 spaces
Private Accommodation
Private accommodation consists of 2 bedrooms, bathroom, a living room and kitchen
| Annual Rent | £ 32,020 |
| Estimated Annual Turnover | £ 418,412 |
| Deposit | £ 8,005 |
| Estimated Fixtures & Fittings Value | £ 16,250 |
| Estimated Stock Valuation | £ 7,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 34,755 |
| Estimated Minimum Ingoing Costs | £ 13,168 |
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:
Higher Town, Kingsbridge, TQ7 3RL
More properties in this region
Three Tuns
133 High Street, Honiton, EX14 1HRAgreement Type: Investment Tenancy
View details for Three Tuns
Maltsters Wadebridge
Chapel Amble, Wadebridge, PL27 6EUAgreement Type: Foundation Tenancy
View details for Maltsters WadebridgeTo 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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