Riverdean Basingstoke

Windrush Close, Basingstoke, RG21 4BY

  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke
  • Riverdene Basingstoke

Riverdean Basingstoke

Excellent Opportunity

In the heart of the local community, Riverdene is a large pub, located with the Riverdene Estate in Basingstoke. Surrounded by a densely populated residential area and supported by good and broad demographics of young and middle aged singles and couples with steady incomes.

The pub's potential lies in introducing a simple, value driven food offer to compliment the drinks trade and keep the locals coming back.

Friendly, experienced Operator Wanted!

The ideal lessee for this pub would have previous trade experience, great commercial acumen and a desire to grow both the bar and food trade.


Pub Features

  • Rolling Tenancy
  • Business Start-Up Agreement
  • Car Parking
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Childrens Play Area
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

In good condition throughout, the pub is split in to two very individual areas each with their own bar, both of which are set up for drinking and dining. There are also nine TV screens which are ideal for driving sports.

The catering kitchen is located behind the bar and the pub could easily support 40 to 50 covers.

Externally Riverdene features an outdoor trading area, which has garden and a children's play area.

Private Accommodation

The private accommodation consists of four bedrooms, lounge, kitchen and bathroom and office.

Premises Licence Details

See licence for full 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 - 00:30 11:00 - 00:30 12:00 - 22:30

Financials

Annual Rent £
17,500
Estimated Annual FMOP (Licensee Profit) £
19,664
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
244,494
Estimated Annual Barrelage
169

“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 £
1,380
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
4,000
Deposit Amount £
3,000
Rent In Advance £
337
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
10,653
Estimated Minimum Ingoing Costs £
10,912

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 £
1,685
Estimated Annual Maintenance Compliance Charge £
730
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