Lincoln Green North Hykeham
Lincoln Rd, North Hykeham, Lincoln, LN6 8DLAgreement Type:
Foundation Tenancy
View details for Lincoln Green North Hykeham
Wishing Well Lincoln
Wishing Well Lincoln
The Parade, Cherry Willingham, LN3 4JL Pub Code: 0050623101
Pub Code: 0050623101
Foundation TenancyEst Min Ingoing Costs: £15,352
Annual Rent: £22,231
Community Pub with Plenty of Potential!
The Wishing Well is a community local situated within Cherry Willingham. The pub sits within a shopping precinct, close to other amenities and a public car park.
The pub is a two room operation that allows for both drinkers and diners to be catered to comfortably. The drinker's side boasts big screen TVs to showcase the latest sporting games, while the dining area can cater to circa 60 covers.
The pub would suit a traditional home cooked food menu.
Passionate Operator Wanted!
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…
The Wishing Well is a community local situated within Cherry Willingham. The pub sits within a shopping precinct, close to other amenities and a public car park.
The pub is a two room operation that allows for both drinkers and diners to be catered to comfortably. The drinker's side boasts big screen TVs to showcase the latest sporting games, while the dining area can cater to circa 60 covers.
The pub would suit a traditional home cooked food menu.
Passionate Operator Wanted!
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
The pub is a two room operation, which has a clear split in trade between community local and dining area. It was refurbished within the past couple of years and is still in brilliant condition, with a bright and fresh interior that still retains traditional charm.
There is a small patio to the front of the pub, with plenty of car parking nearby due to the pub's location in a shopping precinct.
There is a small patio to the front of the pub, with plenty of car parking nearby due to the pub's location in a shopping precinct.
Private Accommodation
Private accommodation consists of two bedrooms, living room, kitchen, bathroom and small storage room.
Estimated Total Ingoing Costs
£34,897
Estimated Minimum Ingoing Costs
£15,352
Annual Rent
£22,231
Estimated Annual Turnover
£362,868
Deposit
£5,557
Estimated Fixtures & Fittings Value
£15,840
Estimated Stock Valuation
£10,000
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:
The Parade, Cherry Willingham, LN3 4JL
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Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
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www.starpubs.co.uk
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