Property Description
Bring your experience in managing a team and executing a plan to build a successful pub business. What would you do with this pub to execute our retail offer.
The area
The Gate located in the Framwellgate Moor area of Durham City. The Gate is one of five pubs with an adult population of 2,640 within a 10-minute walk time to the pub. The majority customer base is made up of midlife and mature adults.
The offer
• The Just Add Talent management agreement provides the perfect combination of our retail offer, all of the support we provide and your talent to execute it.
• Our management agreement offers you a ready-made pub. We provide the menus, the fantastic brands, and a tried and tested food offer along with award winning training for you and the staff. All of which is locally executed by you.
• You will need a £3,000 deposit to enter the management agreement. We cover the operating costs of the business, excluding the staff wages and employee liability insurance. Accommodation is also included at many of our sites.
• You can earn between 20% to 30% of the net weekly sales. From this you’ll pay the staff wages, and your own income. In addition to this, you’ll receive quarterly a 20% share of the net operating profit.
• You’ll have us by your side throughout, offering the help and support you need to succeed.
• If you're enthusiastic and retail focused, you’re exactly what we’re looking for. You don’t need to have any specific industry experience; you simply need to be up for the challenge to execute the retail offer and bring out the best in the great British pub
Available on our management agreement, Just Add Talent, the pub has a tried and tested food & drinks offer Click here for more information on Just Add Talent.
We’re always open to new ideas, what would you do to drive trade?
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…
The Gate Framwellgate Moor 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.
The pubs trading area and facilities post refurbishment will be:
Main trading area with bar
73 internal covers
30 external covers
Catering kitchen
HEINEKEN Smart Dispense
Beer garden -128 covers
Car park with 14 spaces
Private accommodation consists of 2 bedrooms, office, a living room, kitchen, bathroom.
For the full licensing details, please refer to the premises license.
Agreement Type
Just Add Talent
Property Facilities
Refurbishment Planned
Live Sports
Pub Games
Kitchen
Outdoor Trade
Parking
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* 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
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
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.
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.
