Star Pubs Leased & Tenancy Careers
The Cork & Bottle is a drinks-led pub located in the bustling high street of Barnstaple, surrounded by various shops and eateries. It attracts a diverse clientele of around 4,600 adults within a ten-minute walking radius. The venue features a main trading area with 100 internal and 30 external covers, alongside private accommodation. With an annual rent of £13,748 and an estimated annual turnover of £223,881, it offers significant financial potential. A 25% rent reduction is available for the first year under selected lease agreements, making it an appealing opportunity for prospective operators.
Pub Overview
The Cork & Bottle is a drinks-led venue in a prime high street location in the heart of Barnstaple.
What would you do with this pub to make it even more of a success?
The area:
Situated in the town centre, The Cork & Bottle is surrounded by shops, food outlets, retail stores, and mixed housing. It benefits from high footfall and a vibrant local atmosphere.
Demographics:
With around 4,600 adults living within a ten-minute walk, The Cork & Bottle attracts a diverse mix of young, carefree, and mature adults. Its busy high street setting makes it a convenient and popular choice for locals and visitors alike.
* 25% rent reduction will be applied to first 12 months following completion of a fully signed lease agreement (5 years England & Wales, 3 years Scotland) on selected properties only. No cash alternative is payable.
Features
- Foundation Tenancy
- Pub Games
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities
- Main trading area with bar
- 100 internal covers
- 30 external covers
- Outside trading area with bench style seating
Private Accommodation
The private accommodation consists of two bedrooms, lounge, office, kitchen and bathroom.
Pub Financials
Pub Financials Icon
Estimated Total Ingoing Costs
£14,937
Estimated Minimum Ingoing Costs
£8,646
Annual Rent
£13,748
Estimated Annual Turnover
£223,881
Deposit
£3,437
Estimated Fixtures & Fittings Value
£4,000
Estimated Stock Valuation
£4,000
Estimated Working Capital
£3,500
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.
Downloads
- Demographics Report Download arrow
- Energy Performance Certificate Download arrow
Source ⇲
joblookup.com