tenancy
54 High Street, Flore, Northampton NN7 4LW, UK
Approx. Total Ingoings
£13,500Annual Rent
£28,000The White Hart is located in Flore, Northampton. Prominently located on the A45 the pub has a large car park to the side of the building allowing the business to benefit from a high level of passing trade. In good condition throughout, the pub has been maintained to a high standard. The current customer base is mixed with a good local drinking trade and a large catchment area due to the establishment's reputation for food. There is a separate restaurant with a fully equipped trade kitchen. The White Hart is suitable for an experienced destination food publican who can deliver this with an equal focus on the local community.
Private Accommodation: The spacious private accommodation comprises four double bedrooms, bathroom, kitchen and living area all in good condition. The potential exists to divide some of the accommodation, converting two rooms into letting bedrooms.
Indoor trading area
The main bar area is contemporary in style and accommodates approximately 40 covers, with the large wooden bar servery offering a wide range of beer and traditional cask ales. The room is large and traditional with plenty of space to deliver high volume without impacting on the ambience of the two restaurant areas to the rear. These two sections have space for around 40 and 20 covers respectively. There is a fully equipped trade kitchen that is capable of producing a good quality, traditional pub menu. The size and space available in the pub also suits an occasional entertainment offer.
Outdoor trading area
There is an enclosed decked area with a smoking shelter which is enjoyed by locals during the summer months. The pub boasts a large car park with around 30 parking spaces.
Regional Manager Comments
The White Hart is in good condition and has a strong reputation for good food as well as being a popular village pub. The ideal publican would be adept at maintaining the food trade along with ensuring the business remains in the heart of the village.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£13,500
Annual Rent
£28,000
Potential Turnover: £367,000 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.
Guide Rent: £28,000 per annum, payable weekly in advance.
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: £13,500 (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: £15,000 (excl VAT)
To be discussed with the Regional Manager.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Our vast portfolio is now home to over 4,500 sites which range from Leased & Tenanted to Managed. We strongly believe that the pub is at the heart of British culture and we strive to deliver a fantastic customer experience.
