Run a Star Pub - Fishnet Tavern North Shields - North Shields

Star Pubs Leased & Tenancy; North Shields; On-site; GBP 11,000 - 38,000; Full time

Job description

Pub Overview

The Saltwater Tavern is situated in the heart of North Shields Fish Quay. The pub is surrounded by shops, food and retail outlets and mixed housing.

The pub benefits from being one of 10 pubs found in an area of around 3,000 adults. The customer base is made up of homeowners, flat sharers, and families.

Available on our foundation tenancy agreement. The potential of this pub lies in developing 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 for live entertainment, cask ales, popular beers, ciders, wines, and spirits. A classic pub menu would be the perfect addition to the offer.

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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy, 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...

Features

• Car Park
• Foundation Tenancy
• Outdoor Trade
• Private Accommodation

Trading Area & Facilities

• Main trading area with bar
• Catering kitchen that is currently closed off to customers, however the panels can be removed to reveal an open kitchen depending upon the style of operation. Please note catering equipment would need to be sourced & funded by the prospective tenant. Current equipment includes Extraction & Walk-In Chiller.
• Additional kitchen preparation room with walk-in chiller
• Smart Dispense
• Outdoor trading area
• Car park with four car parking spaces belonging to the business

Private Accommodation

Private accommodation consists of 2 bedrooms, a living room, kitchen, bathroom & office. Where required, there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Pub Financials

Estimated Total Ingoing Costs: £37,666

Estimated Minimum Ingoing Costs: £11,335

Annual Rent: £22,027

Estimated Annual Turnover: £322,444

Deposit: £5,506

Estimated Fixtures & Fittings Value: £22,660

Estimated Stock Valuation: £6,000

Estimated Working Capital: £3,500

The above figures are provided as a guide only and will be finalized 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 finalized 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 of £10,000 un-borrowed funds.

Downloads

• Demographics Report Download
• Energy Performance Certificate Download