- Recruiter
- Star Pubs & Bars Leased & Tenancy
- Location
- High Street, Newcastle Upon Tyne, NE3 1HD
- Salary
- To be discussed
- Ref
- 143910671
- Starts
- Closes
Pub Overview
The Queen Victoria is located in the village of Gosforth, close to Newcastle Upon Tyne. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 7 pubs found in an area of around 6,000 adults. The customer base is made up of professionals, couples, students, and families .
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies within introducing a competitor offer centric to a quality food and drink offer in addition to regular entertainment
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 high street 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
Trading Area & Facilities
Please note there is no private car park for this business but public car parking in the local vicinity is available
Private Accommodation
Private accommodation consists of a studio apartment style set-up whereby there is a separate kitchen, and en-suite bedroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Pub Financials
Annual Rent £
45,465
Estimated Annual Turnover £
732,494
Deposit £
11,366
Estimated Fixtures & Fittings Value £
60,655
Estimated Stock Valuation £
9,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
84,521
Estimated Minimum Ingoing Costs £
16,289
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 Queen Victoria is located in the village of Gosforth, close to Newcastle Upon Tyne. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 7 pubs found in an area of around 6,000 adults. The customer base is made up of professionals, couples, students, and families .
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies within introducing a competitor offer centric to a quality food and drink offer in addition to regular entertainment
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 high street 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
- Catering Kitchen
- Foundation Tenancy
- Function Room
- Private Accommodation
Trading Area & Facilities
- Main trading area with bar
- 90 internal covers
- 18 external covers
- Commercial kitchen
- Separate area upstairs complete with bar that can be used as a separate function room or a restaurant
- SmartDispense
Please note there is no private car park for this business but public car parking in the local vicinity is available
Private Accommodation
Private accommodation consists of a studio apartment style set-up whereby there is a separate kitchen, and en-suite bedroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Pub Financials
Annual Rent £
45,465
Estimated Annual Turnover £
732,494
Deposit £
11,366
Estimated Fixtures & Fittings Value £
60,655
Estimated Stock Valuation £
9,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
84,521
Estimated Minimum Ingoing Costs £
16,289
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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