- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- 1, Newcastle Street, Newark, NG22 0LN
- Salary
- To be discussed
- Ref
- 2003340171
- Starts
- Closes
Pub Overview
The Sun Inn is situated in the small, affluent town of Tuxford. It sits off the A1 motorway, on the boarders of the Lincolnshire Wolds. A local camping site attracts visiting customers to the area in the holiday seasons.
The pub is wet led, with the opportunity to offer a small bar menu. A packed events calendar of music, pool, and games, make The Sun Inn a popular community local.
Passionate New 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…
Features
Trading Area & Facilities
The Sun Inn is a two-room operation. The pub features a horse-shoe bar area. One area is dedicated to gins & spirits, with the other main bar being draught led. There is a great opportunity here to grow the cask ale offering.
The outdoor decking area leads out to a 30 cover been garden, with space to expand. The pub has a 20-car carpark. There is a second free car park adjacent to it, giving customers ample parking.
Private Accommodation
The private accommodation consists of 3 bedrooms, living room, kitchen, and bathroom.
Pub Financials
Annual Rent £
20,871
Estimated Annual Turnover £
322,160
Deposit £
5,217
Estimated Fixtures & Fittings Value £
10,358
Estimated Stock Valuation £
8,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
27,102
Estimated Minimum Ingoing Costs £
13,239
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 Sun Inn is situated in the small, affluent town of Tuxford. It sits off the A1 motorway, on the boarders of the Lincolnshire Wolds. A local camping site attracts visiting customers to the area in the holiday seasons.
The pub is wet led, with the opportunity to offer a small bar menu. A packed events calendar of music, pool, and games, make The Sun Inn a popular community local.
Passionate New 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…
Features
- Foundation Tenancy
- Pub Games
- Car Park
- Outdoor Trade
- Private Accommodation
- Weekly Billing
Trading Area & Facilities
The Sun Inn is a two-room operation. The pub features a horse-shoe bar area. One area is dedicated to gins & spirits, with the other main bar being draught led. There is a great opportunity here to grow the cask ale offering.
The outdoor decking area leads out to a 30 cover been garden, with space to expand. The pub has a 20-car carpark. There is a second free car park adjacent to it, giving customers ample parking.
Private Accommodation
The private accommodation consists of 3 bedrooms, living room, kitchen, and bathroom.
Pub Financials
Annual Rent £
20,871
Estimated Annual Turnover £
322,160
Deposit £
5,217
Estimated Fixtures & Fittings Value £
10,358
Estimated Stock Valuation £
8,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
27,102
Estimated Minimum Ingoing Costs £
13,239
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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