Somerset House Clifton

11 Princess Victoria St, Clifton, Bristol, BS8 4BX

  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton
  • Somerset House, Clifton

Somerset House Clifton

Busy Bar in Central Clifton

Holding prime position on the bustling Princess Victoria Street in wealthy Clifton, the Somerset House is a fantastic, trendy pub. Benefiting from passing trade and great demographics, the site caters to both young professionals and families looking for a dynamic spot to socialise.

The Somerset House currently has a great look and feel and would benefit from an offer that caters to all occasions. Customers should be able to visit for both a quick bite to a premium dining experience and everything in-between. Being able to stand out and offer something different will be key to this sites success.

Experienced Food Operator Wanted

Star Pubs and Bars are looking for an experienced food operator with a good knowledge of wines and spirits who can think outside the box. Preferably you be able to attract all types of customers through different offers and advertising. Does this sound like you? Then make an application today!

Pub Features

  • Rolling Tenancy
  • Function Room
  • Catering Kitchen
  • Live Sports
  • Cask Ale
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

Coming in from the busy high street, the Somerset welcomes you into a cosy lounge area, ideal for a casual drink. With various types of seating and large flat screen TV's for live sports, there are plenty of incentives to stay for another drink. The large wooden bar leads you down through to a great designated dining area, with a semi-open kitchen.

The Somerset House also boasts a medium sized function room. This is upstairs and is fully equipped with a private bar. This can be used for private functions, gin tasting nights and even team meetings.

Private Accommodation

There is no private accommodation at this site.

Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
09:00 - 23:30 09:00 - 23:30 09:00 - 23:30 09:00 - 00:30 09:00 - 00:30 09:00 - 00:30 09:00 - 00:30

Financials

Annual Rent £
TBC
Estimated Annual FMOP (Licensee Profit) £
TBC
Representative HEINEKEN UK Brand Discount Per Barrel £
TBC
Estimated Annual Turnover £
TBC
Estimated Annual Barrelage
TBC

“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 £
7,688
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
6,000
Deposit Amount £
TBC
Rent In Advance £
TBC
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
60
Premises Licence Fee £
295
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
TBC
Estimated Minimum Ingoing Costs £
18,000

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 £
0
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