Royal Oak North Berstead
336 Chichester Road, Bognor Regis, PO21 5JFAgreement Type:
Foundation Tenancy
View details for Royal Oak North Berstead
Victoria Inn Bognor Regis
Victoria Inn Bognor Regis
Charlwood Street, Bognor Regis, PO21 2PQ Pub Code: 2302463101
Pub Code: 2302463101
Foundation TenancyEst Min Ingoing Costs: £9,000
Annual Rent: £18,001
Well established community local with live sports and darts, in the seaside town of Bognor Regis.
What would you do with this pub to make it even more of a success?
The Area:
The Victoria Inn is located in the seaside town of Bognor Regis.
Demographics:
The pub is one of seven pubs found in an area of around 6,192 adults. The customer base is made up of mostly mid-life and older clientele of medium affluence.
The Offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in a quality drinks offer, live sports, pub games like darts, and most importantly being engaged and involved with the local community, and community events.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
- Understanding of the local community
- You know what it takes to build a successful business
- You love hospitality and are great with 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
- 25 internal covers
Private Accommodation
Private accommodation consists of two bedrooms, bathroom, kitchen, and lounge.
Estimated Total Ingoing Costs
£19,670
Estimated Minimum Ingoing Costs
£9,000
Annual Rent
£18,001
Estimated Annual Turnover
£175,890
Deposit
£4,500
Estimated Fixtures & Fittings Value
£7,670
Estimated Stock Valuation
£4,000
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:
Charlwood Street, Bognor Regis, PO21 2PQ
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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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