Chapel Inn Coggeshall
4 Market Hill, Colchester, CO6 1TSAgreement Type:
Long-Term FRI Lease
View details for Chapel Inn Coggeshall
The Gainsborough Sudbury
The Gainsborough Sudbury
King Street, Sudbury, CO10 2EB Pub Code: 2302113101
Pub Code: 2302113101
Foundation TenancyEst Min Ingoing Costs: £13,435
Annual Rent: £23,217
The Gainsborough is a lively and popular market town pub located within Sudbury. The pub sits roadside on the main roundabout leading in and out of the town. It is also close to plenty of residential housing. The surrounding area three other pubs and bars nearby.
The pub is spacious with one main trading area with space for 60-70 covers. On the bar there are 8 keg lines and 4 cask lines. The pub has historically benefited from a good back bar trade. There is also a kitchen to allow the next Operator to put on a food offering. The current offer at the pub is classic pub food including Sunday roasts. This is complemented by a range of premium drinks including cask ales and cocktails.
Friendly Local Operator Wanted
Are you a publican that takes pride in their work? You will have a run a similar business before and have experience with food. You will be familiar with the local area and know how to market your business through social media.
Are you a publican that takes pride in their work? You will have a run a similar business before and have experience with food. You will be familiar with the local area and know how to market your business through social media.
Trading Area & Facilities
Inside, the pub has one main trading area with lots of different seating areas for customers. The interior is traditional and homely. The beamed ceilings and five fireplaces create a cosy atmosphere. The catering kitchen on-site can accommodate circa 55-60 covers.
Outside, there is a patio terrace which is very popular during the warmer summer months. There is a marquee with enough space for 8 large tables and also a shed for kitchen storage.
Private Accommodation
Private accommodation consists of three bedrooms (including an en-suite to the master), kitchen, bathroom, office and living room. In line with our Ready To Trade Promise, we will ensure the private living accommodation is brought up to a good standard so that you can focus on getting your business right.
Estimated Total Ingoing Costs
£23,134
Estimated Minimum Ingoing Costs
£13,435
Annual Rent
£23,217
Estimated Annual Turnover
£386,592
Deposit
£5,804
Estimated Fixtures & Fittings Value
£5,830
Estimated Stock Valuation
£8,000
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:
King Street, Sudbury, CO10 2EB
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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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