Victoria Gardens Sunderland
1 China Street, Sunderland, SR2 8RUAgreement Type:
Investment Tenancy
View details for Victoria Gardens Sunderland
Stumble Inn Sunderland
Stumble Inn Sunderland
Chester Road, Sunderland, SR2 7PP Pub Code: 0070087101
Pub Code: 0070087101
Investment TenancyEst Min Ingoing Costs: £35,031
Annual Rent: £20,125
Exciting News! The Stumble Inn is set for a refurbishment that will enhance both its interior and exterior. Soon to be renamed The Royalty, it aims to create a warm and inviting atmosphere for both locals and the student community.
What would you do with this pub to make it a success?
The area
A complete refurbishment is planned for The Stumble Inn, located right on the Sunderland University campus and close to the city centre. With a fresh, clean look both inside and out, including a return to its original name, The Royalty, this pub is set to become a welcoming spot for both the local community and students. The refurbishment will enhance the cosy atmosphere and add features like sports and live entertainment to attract regulars and new faces alike.
With 8,000 adults within a 10-minute walk and another 24,000 within 20 minutes, there’s a strong potential customer base nearby. The pub is ideally situated - close to student halls, a metro stop, and The Royalty Theatre. The city centre competition is distant enough to allow this pub to stand out, particularly with its new appeal to both locals and students. A licensee with local knowledge, ideally with experience managing student-friendly venues, would be well-suited to take advantage of this opportunity.
The offer
The Stumble Inn is available on our investment tenancy agreement. Click here for more information on this agreement.
Drinks:
• Full range of beers and ciders, low and no alcohol options such as Heineken 0.0, alongside quality wine, spirits and soft drinks.
Coffee:
• A great coffee offering can be put in place, ensuring a satisfying brew every time.
Events:
• Offer a lively rhythm of the week every week with local live entertainment and a full sports package
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the Stumble Inn will have strong local knowledge and ideally have experience managing student-friendly venues. They will have a clear vision for their drinks menu, entertainment offer 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 pubs next chapter…
Trading Area & Facilities
The Stumble Inn will be undergoing a refurbishment which will cover the interior and exterior of the pub.
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
The pubs trading area and facilities post refurbishment will be:
- Main trading area with bar
- Small function room
- Smart Dispense
- Small pavement trading area
- Off street parking for 5 cars
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a 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 won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private Accommodation
Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom, and office.
Estimated Total Ingoing Costs
£35,031
Estimated Minimum Ingoing Costs
£35,031
Annual Rent
£20,125
Estimated Annual Turnover
£350,030
Deposit
£5,031
Estimated Fixtures & Fittings Value
£20,000
Estimated Stock Valuation
£6,500
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:
Chester Road, Sunderland, SR2 7PP
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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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