Peacock Newcastle

Arlington Avenue, Kenton, Newcastle Upon Tyne, NE3 4TS

  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle
  • Peacock Newcastle

Peacock Newcastle

Large Local Pub

The Peacock Inn is a large community pub located in Kenton, a densely populated suburb to the north of Newcastle. The abundance of affordable housing and the close proximity of a school, metro station, sports center, and shopping park make Kenton a popular place to live for families and represents an excellent opportunity for an entrepreneurial operator.

Community Operator Wanted

The ideal operator of the Peacock would have knowledge of the local area as this would be a real advantage and previous experience of running a similar style large food-based community outlet. The ability to develop on the current a good food offering will be key to driving trade forward for the business.

Pub Features

  • Rolling Tenancy
  • Car Parking
  • Catering Kitchen
  • Live Sports
  • Private Accommodation
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Internally the Peacock is a large and open planned space. The pub is served by one main, horseshoe-shaped bar. The generous space is divided into a section for dining occasions and another smaller section perfect for casual drinking.

Externally the pub has a large car park for approx. 20 cars and a paved terrace used during the better weather.

Private Accommodation

The private accommodation consists of three bedrooms, a lounge, kitchen, and bathroom, and where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade Promise.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00 11:00 - 23:00

Financials

Annual Rent £
21,000
Estimated Tenants Annual Operating Profit £
25,820
Representative HEINEKEN UK Brand Discount Per Barrel £
140
Estimated Annual Turnover £
304,249
Estimated Annual Barrelage
100

“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 £
4,405
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,000
Deposit Amount £
5,250
Rent In Advance £
404
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 £
16,244
Estimated Minimum Ingoing Costs £
9,589

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 £
2,716
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

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