Fountain Lichfield
169 Beacon Street, Lichfield, WS13 7BGAgreement Type:
Foundation Tenancy
View details for Fountain Lichfield
Safe Harbour Witton
Safe Harbour Witton
Moor Lane, Birmingham, B6 7AE Pub Code: 2301920101
Pub Code: 2301920101
Foundation TenancyEst Min Ingoing Costs: £19,863
Annual Rent: £16,350
The Safe Harbour is located in the thriving suburb of Birmingham Witton directly opposite the cemetery and close to Aston Villa Football Club and King Standing. The pub is surrounded by residential housing with a few commercial premises nearby.
The pub benefits from being one the only pub found in an area of around 1134 adults. The main customer base is made up of fulltime employed adults and retired adults.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in introducing a well thought through Reintroducing sports and community trade
The site currently can drive trade via live sports, selection of pubs games, such as pool and pub games machines. It offers a selection of beers, ciders, wines and spirits.
The right operator for the pub will have experience in a similar hospitality business. A community operator that can build and increase match day trade.
They will have a clear vision for their drinks menu, and sports 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
- two bar operation
- separate lounge
- Part enclosed beer garden
- Open grass drinking area
Private Accommodation
Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Estimated Total Ingoing Costs
£27,588
Estimated Minimum Ingoing Costs
£19,863
Annual Rent
£16,350
Estimated Annual Turnover
£267,799
Deposit
£4,088
Estimated Fixtures & Fittings Value
£15,000
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:
Moor Lane, Birmingham, B6 7AE
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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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