Chichester Arms South Shields
Star Pubs Leased & Tenancy
Location
South Shields, Tyne and Wear | United Kingdom
Job description
Pub Overview
The Chichester Arms is located in the costal town of South Shields, next to the Chichester Metro Station and less than 2 miles from Sandhaven Beach and coastal amenities. The pub is located next to the main road leading to the coast and close to the Tyne Tunnel trading area. The pub is surrounded by shops, food and retails outlets and mixed housing.
The pub benefits from being one of 9 pubs found in an area of around 8,000 adults. The customer base is made up of singles & cohabiting couples.
Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in maintaining a strong drinksoffer. What drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of popular beers, ciders, wines and spirits, and coffees.
We're always open to new ideas, what would you do to drive trade? 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
- Live Sports
- Pub Games
- Outdoor Trade
- Private Accommodation
Trading Area & Facilities - Main trading area with bar
- Separate dining room
- 55 internal covers
- 15 external covers
- Function room
- SmartDispense
- Outdoor Trade
- Pub Games
Private Accommodation Private accommodation consists of 3 bedrooms, a living room, kitchen and bathroom.
Pub Financials Annual Rent £
24,025
Estimated Annual Turnover £
384,272
Deposit £
6,006
Estimated Fixtures & Fittings Value £
23,000
Estimated Stock Valuation £
5,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
37,506
Estimated Minimum Ingoing Costs £
10,502
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.
Job tags
Salary
