- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- Newgate Street, Bishop Auckland, DL14 7EN
- Salary
- To be discussed
- Ref
- 1933871149
- Starts
- Closes
Pub Overview
The Cumberland Arms is a traditional wet-led pub with a focus on sports. Newgate Street is the main thoroughfare into the Town Centre. It is also the start/end of the main drinking circuit and is a popular destination for race goers. The Cumberland Arms also boasts regular weekend entertainment.
The right operator for The Cumberland Arms will be community focused and passionate about sports. Star Pubs & Bars is looking for someone who can bring a traditional wet-led pub to life.
Features
Trading Area & Facilities
The pub is a simple one bar operation with several tables and chairs. It has a separate area with a pool table and games machine. Live Sports, Karaoke and a great events calendar is key to the success of the site in the local area.
There is a small courtyard drinking/smoking area located at the rear. Public on-street parking.
Private Accommodation
Private accommodation consists of three bedrooms, lounge, kitchen/diner and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is up to standard so that you can focus on your business.
Pub Financials
Annual Rent £
16,020
Estimated Annual Turnover £
240,467
Deposit £
4,005
Estimated Fixtures & Fittings Value £
1,335
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
15,870
Estimated Minimum Ingoing Costs £
8,835
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.
The Cumberland Arms is a traditional wet-led pub with a focus on sports. Newgate Street is the main thoroughfare into the Town Centre. It is also the start/end of the main drinking circuit and is a popular destination for race goers. The Cumberland Arms also boasts regular weekend entertainment.
The right operator for The Cumberland Arms will be community focused and passionate about sports. Star Pubs & Bars is looking for someone who can bring a traditional wet-led pub to life.
Features
- Foundation Tenancy
- Live Sports
- Pub Games
- Smoking Area
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities
The pub is a simple one bar operation with several tables and chairs. It has a separate area with a pool table and games machine. Live Sports, Karaoke and a great events calendar is key to the success of the site in the local area.
There is a small courtyard drinking/smoking area located at the rear. Public on-street parking.
Private Accommodation
Private accommodation consists of three bedrooms, lounge, kitchen/diner and bathroom. In line with our Ready to Trade Promise, we will ensure the private accommodation is up to standard so that you can focus on your business.
Pub Financials
Annual Rent £
16,020
Estimated Annual Turnover £
240,467
Deposit £
4,005
Estimated Fixtures & Fittings Value £
1,335
Estimated Stock Valuation £
4,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
15,870
Estimated Minimum Ingoing Costs £
8,835
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.
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