Grey Horse Houghton Le Spring
Old Penshaw, Houghton Le Spring, DH4 7ERAgreement Type: Foundation Tenancy
View details for Grey Horse Houghton Le Spring
Victoria Gardens Sunderland
1, China Street, Sunderland, SR2 8RU
Pub Code: 0070224101
Key Features
- Foundation Tenancy
- Catering Kitchen
- Letting Rooms
- Cask Ales
- Large Outdoor Trade
- Private Accommodation
Est Min Ingoing Costs: £8,963
Annual Rent: £16,718
More Information
The area
The Victoria Gardens is located in the city of Sunderland, close to Newcastle Upon Tyne. The pub is surrounded by residential housing.
Demographics
The pub benefits from being one of 2 pubs found in an area of around 5,000 adults. The customer base is made up of you adults and families.
The offer
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in maintaining a strong food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and cask ales.
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 pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment 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
- Main trading area with bar
- 4 Letting Rooms
- Catering kitchen
- SmartDispense
- Large Outdoor trade
- Pub games
Private Accommodation
The private accommodation consists of three bedrooms, lounge, kitchen & bathroom.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.
| Annual Rent | £ 16,718 |
| Estimated Annual Turnover | £ 264,575 |
| Deposit | £ 4,180 |
| Estimated Fixtures & Fittings Value | £ 20,675 |
| Estimated Stock Valuation | £ 4,070 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 32,425 |
| Estimated Minimum Ingoing Costs | £ 8,963 |
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:
1, China Street, Sunderland, SR2 8RU
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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