tenancy
St Michael's Hill, Bristol BS2 8BS, UK
Approx. Total Ingoings
£11,500Annual Rent
£18,000The White Bear is a student pub which enjoys seasonal trade due to university term times, and is located in a prominent position on the well-known St Michaels Hill in the popular district of Kingsdown. The business is situated adjacent to Bristol City Centre and nearby is Bristol University and hospitals. with the affluent areas of Clifton, Redland and Cotham all close-by. Shops, businesses and residences along with student accommodation are all nearby, which creates a diverse and large catchment of potential trade. This is a former coaching inn dating back many hundreds of years and is set over three storeys with a very attractive beer garden to the side. There is a sports area with pool and darts plus an upstairs area that accommodates all different types of entertainment. We are now seeking a catering minded publican with an eye on current trends and knowledge of this fantastic area.
Private Accommodation: The private accommodation comprises three bedrooms, a lounge and kitchen.
Indoor trading area
Upon entering, there is a large trading area that caters for casual drinks and dining. Due to its size, it can easily accommodate bands, student evenings and parties. The main bar is very well fitted with the servery featuring cask ales and international brands and the room with quality tables and chairs to seat approximately 40. There is also a games bar with a pool table, darts throw and seating for a further 40. There is a good sized first floor kitchen with dumbwaiter for ease of service.
Outdoor trading area
To the rear is an attractive courtyard style trading area with a few picnic tables.
Regional Manager Comments
The pub has very good facilities and can cater for large groups of people and events for all occasions. It is popular with students and young professionals who enjoy comedy nights and live music. The successful publican should also have good catering skills to produce an affordable, quality food menu and snacking offer to the customers in a casual and relaxed environment.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Function Room
Approx. Total Ingoings
£11,500
Annual Rent
£18,000
Potential Turnover: £374,000 per annum
This is an estimate of the potential annual turnover of the pub business. It does not include the financial benefits of any living accommodation, which you will need to consider.
Introductory Rent: £18,000 per annum, payable weekly in advance.
This pub needs personal investment of time, effort and skills to realise its potential. Our vision for this pub is a business capable of sustaining a rent of £24,000 per annum.
The Proposed Agreement: Retail Partnership Tenancy
The Landlord is prepared to discuss other Partnership agreements.
They will also discuss your purchasing options (Wines, spirits, cask, minerals and flavoured alcoholic beverages) which you can choose all, a combination or none. Tie release fees will apply.
Estimated Capital Start-up: £11,500 (excl VAT)
Often referred to as ingoings. Includes stock & glassware at valuation, deposit, refundable at the end of your agreement dependent upon your account being in good order. Up to 2 weeks rent and other contractual charges will be payable in advance. Please note, the actual deposit payable will be 25% of the final agreed rent.
In addition you will need to provide funds for professional advice and a level of working capital - the amount will be dependent on your business plan.
Estimated Fixtures and Fittings Value: £14,000 (excl VAT)
To be discussed with the Regional Manager.
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