Property Description
What would you do with this pub to make it even more of a success?
The area
The Basil’s pub is in the village of Newhaven, close to the harbour. The pub is surrounded by residential housing.
Demographics
The pub benefits from being one of 7 pubs found in an area of around 5,838 adults. There has been a lot of new residential development in the last 5 years which has encouraged more young professionals to move Newhaven.
The offer
Available on our business start-up agreement. Click here for more information on this agreement. The potential of this pub lies in attracting both people who live in the area and visitors to this attractive part of the city by the Forth. What food & drinks would you look to implement in the pub? The pub has attractive premium drinks offer and a good reputation for quality food. These are available in modern comfortable surroundings both internally and externally.
The site currently could drive trade via activities such as weekly quiz night, music entertainers and themed food promotions/events. The introduction of trams from the city centre will increase footfall and the opportunity develop the business.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring.
The right operator for the pub will have experience of running a quality food operation within a pub environment. Local knowledge of the area would be an advantage and willingness to drive evening drinks sales.. They will have a clear vision of the direction which the pub should take given the new developments in the local area
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…
Main trading area with bar – L shaped
45 internal covers
20 external covers
Open galley catering kitchen
Smart Dispense
The pub has no private accommodation
Premises license available on request.
Agreement Type
Foundation Tenancy
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.
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