Run a Star Pub - Hastings Arms Seaton Delaval - Whitley Bay

Pub Overview

The area

The Hastings Arms is located in Seaton Delval and benefits from little competition and a great reputation. Sitting in the heart of the community, it appeals both to the immediate locals and the surrounding areas.

The offer

Available on our foundation tenancy agreement. The potential of this pub lies in developing a strong food & drink offer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via live entertainment and a selection of pub games, such as pool. It offers a selection of popular beers, ciders, wines, 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 destination food outlet 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...

Features

• Car Park
• Cask Ale
• Catering Kitchen
• Foundation Tenancy
• Function Room
• Private Accommodation

Trading Area & Facilities

• Main trading area with bar
• Separate dining room
• Catering kitchen
• Function room
• SmartDispense
• Outdoor trade
• Car park
• Pub games

Private Accommodation

Private accommodation consists of bedrooms, kitchen, a living room, and bathroom.

Pub Financials

Estimated Total Ingoing Costs: £41,046
Estimated Minimum Ingoing Costs: £13,098
Annual Rent: £32,299
Estimated Annual Turnover: £528,080
Deposit: £8,074
Estimated Fixtures & Fittings Value: £22,565
Estimated Stock Valuation: £6,907
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, and 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 months' rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 months' 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