Shakespeare Inn Newport

66 Upper Bar, Newport, TF10 7AW

  • Shakespeare Inn Newport
  • Shakespeare Inn Newport
  • Shakespeare Inn Newport

Shakespeare Inn Newport

An exciting refurbishment will transform The Shakespeare Inn

Located in the bustling market town of Newport, The Shakespeare Inn has access to over 135,000 adults within a 20 minute drive all looking for a great local pub with excellent food. Nestled within a range of shops, schools and residential areas, the pub receives high levels of passing traffic and footfall. This position, combined with the uplifting refurbishment both inside and out, will allow the incoming operator to establish a loyal pool of customers as well as attracting local visitors.


Passionate, Driven operator Wanted

Have you got the positive and driving attitude of a successful pub owner? Do you have a clear vision for how you can bring success to this pub? If so, we want to partner with you. We are looking for someone that can serve excellent products with passion and quality. The ability to drive trade by a unique and fantastic offer of food and drink is essential.

Pub Features

  • Rolling Tenancy
  • Refurbishment Planned
  • Catering Kitchen
  • Outdoor Trade

Trading Area & Facilities


This refurbishment tastefully combining modern finishes with period features will reposition The Shakespeare Inn as a standout pub, catering to the whole community. Its uplifting rebrand, with a quality food offer and extensive drinks range, will allow the pub to pull in customers from across the area. Traditional wooden beams, cosy fireplaces and luxurious furniture will create a homely, traditional pub with plenty of character will appeal to a wide audience, all looking for a great local pub.
Full layout and details of the refurbishment are available on the attachment 'Refurbishment Details' under downloads.

A private dining room and a versatile transitional area will generate multiple income streams from a variety of occasions. Also a vibrant beer garden to the rear that will attract custom during warmer months. With a fully refurbished and redecorated kitchen, area with new appliances and equipment will cater for up to 70 covers.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process. Where significant investment is made in a pub by Star Pubs & Bars, an 'Investment Exemption' will be required. The exemption means that the option of a Market Rent Option lease will not be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016)

Private Accommodation

The private accommodation at the Shakespeare consists of three bedrooms, kitchen, lounge area and bathroom.

In line with our 'Ready to Trade Promise', should any works be required, we will ensure your private accommodation is in good condition,so that you can focus on your business.

Premises Licence Details

Please refer to the Premises Licence for further details.

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
10:00 - 23:00 10:00 - 23:00 10:00 - 23:00 10:00 - 01:00 10:00 - 01:00 10:00 - 01:00 12:00 - 22:30

Financials

Annual Rent £
29,500
Estimated Annual FMOP (Licensee Profit) £
30,861
Representative HEINEKEN UK Brand Discount Per Barrel £
150
Estimated Annual Turnover £
372,748
Estimated Annual Barrelage
219

“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 £
24,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
5,000
Deposit Amount £
7,375
Rent In Advance £
567
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 £
39,137
Estimated Minimum Ingoing Costs £
12,653

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 £
1,678
Estimated Annual Maintenance Compliance Charge £
1,473
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