Schooner at Amble

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Pub Overview

Traditional Pub located in the cosy town of Amble!
The Schooner Inn is tucked away just off the centre of Amble on Lime Street, just off the Harbour and close to the Marina. The large sunken walled garden to the Schooner has access to a popular footpath to the Harbour and outskirts of the town. A great deal of new housing stock and many tourist visitors during the season, it is this custom, with the more affluent locals, the project is looking to attract. An opportunity of circa 4,700 adults within 20 minutes walking distance, excluding tourist visitors expected to increase during the summer months. Several community wet and mainstream competitors create a vibrant circuit. The Schooner is a 45-minute drive from Newcastle and 13-minute drive to Alnmouth where there is a mainline station.
Details can be found in the 'location' section in the I4S briefing document.

Fantastic Refurbishment Planned to this cosy pub!
A fabulous refurbishment will transform the Schooner into a great traditional cosy pub. Inside, a full overhaul and redecoration of trade area, bar, and toilets on the ground floor. Outside, we will be improving the large beer garden with a covered area and lighting. This will turn the Schooner into an up-to-date cosy pub with good quality letting rooms and a superb beer garden.
Compliance works will be carried out in the seven letting rooms. There is also a flat providing ample accommodation with a kitchen, living room, bathroom, and several bedrooms. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on running the business.Details can be found in the 'refurbishment details' section in the I4S briefing document.

The Schooner is available on our investment tenancy agreement. Click here for more information on this agreement .

Tap into this pub's potential!
Opportunity to deliver a true Premium Local offer, with seven letting rooms and a superb beer garden to attract passing trade and make it a go to destination during the warmer weeks. It is anticipated the lion's share of the income will made during the tourist season, with good local trade off season.

We are looking for a positive and ambitious operator to take on the Schooner. Prior experience of developing a simple and enticing back bar food offer, delivering great hospitality with a great wet range, letting room offer, and delivering a great events calendar is preferred, for the pub to thrive. Details can be found in the 'potential' section of the I4S briefing document.

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 Schooner will have extensive experience in a destination food outlet hospitality businesses. They will have a clear vision for their food & drinks menu and 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 pubs next chapter…

Features

  • Investment Tenancy
  • Catering Kitchen
  • Outdoor Trade
  • Private Accommodation
  • Refurbishment Planned


Trading Area & Facilities

The Schooner will be undergoing a refurbishment which will cover the interior and exterior of the pub. A full list of works and pub floor plan can be found in the 'refurbishment details' in the downloads.

Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.

Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).

Private Accommodation

Private accommodation consists of 1 bedrooms, kitchen, a living room and bathroom.

Pub Financials

Annual Rent £
47,930
Estimated Annual Turnover £
667,572
Deposit £
11,982
Estimated Fixtures & Fittings Value £
25,435
Estimated Stock Valuation £
11,637
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
52,554
Estimated Minimum Ingoing Costs £
52,554

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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