Safe Harbour Witton

Moor Lane, Birmingham, B6 7AE

Under Offer
  • Safe Harbour Witton

Safe Harbour Witton

The Safe Harbour is surrounded by lots of housing, an industrial estate and the Witton cemetery.

The pub has a loyal local following for live sports and pub games. There is a large outdoor area behind the pub which will be key to attracting customers.

Pub Features

  • Business Start-Up Agreement
  • Car Parking
  • Live Sports

Trading Area & Facilities

The pub has a twin-bar layout separated by the central servery and also has a dartboard and a pool table.

Outside there is a large grass garden which has enough room for 15 plus benches and could easily host events in the warmer months of the year.

Private Accommodation

Details of the private accommodation tbc.

Premises Licence Details

For full licensing details please refer to the premises license.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:00 - 01:30 09:00 - 01:30 09:00 - 01:30 09:00 - 03:30 09:00 - 03:30 09:00 - 03:30 09:00 - 01:30

Financials

Annual Rent £
16,000
Estimated Tenants Annual Operating Profit £
23,001
Representative HEINEKEN UK Brand Discount Per Barrel £
175
Estimated Annual Turnover £
224,545
Estimated Annual Barrelage
187

“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 £
5,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
2,500
Deposit Amount £
3,000
Rent In Advance £
308
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 £
13,003
Estimated Minimum Ingoing Costs £
8,003

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 £
2,281
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £
4,908

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