Run a Star Pub - Cork & Bottle Barnstaple - Barnstaple

Pub Overview

The Cork & Bottle is a drinks-led venue in a prime high street location in the heart of Barnstaple.

What would you do with this pub to make it even more of a success?

The area:

Situated in the town centre, The Cork & Bottle is surrounded by shops, food outlets, retail stores, and mixed housing. It benefits from high footfall and a vibrant local atmosphere.

Demographics:

With around 4,600 adults living within a ten-minute walk, The Cork & Bottle attracts a diverse mix of young, carefree, and mature adults. Its busy high street setting makes it a convenient and popular choice for locals and visitors alike.

Features

• Foundation Tenancy
• Pub Games
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

• Main trading area with bar
• 100 internal covers
• 30 external covers
• Outside trading area with bench style seating

Private Accommodation

The private accommodation consists of two bedrooms, lounge, office, kitchen and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £14,937

Estimated Minimum Ingoing Costs: £8,646

Annual Rent: £13,748

Estimated Annual Turnover: £223,881

Deposit: £3,437

Estimated Fixtures & Fittings Value: £4,000

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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow