tenancy
Shalfleet, Newport PO30 4NS, UK
Approx. Total Ingoings
£19,750Annual Rent
£35,000The New Inn is an historic pub with charm and character on the main road in Shalfleet, just a 10 minutes’ drive from Yarmouth and a 15 minutes’ drive to Newport. Shalfleet harbour can be easily accessed along a path which runs past the pub and in summer months the sailors walk the short distance to visit the pub for refreshing beer and a bite to eat. The pub boasts a cosy setting for guests to enjoy a home cooked pub meal with plenty of dining space within the three separate trading areas. This New Inn is a very popular food destination pub which in previous years has won awards for its quality food offer. There is an intimate patio area to the rear which is popular in the summer month for alfresco drinks. Stonegate Pub Partners are now seeking an experienced food operator who can continue and develop the already established food offer. It is important the publican also markets the pub effectively to attract further passing trade to maximise revenue.
Private Accommodation: The private accommodation is compact but well-presented and comprises of one bedroom, a shower room with toilet and a lounge.
Indoor trading area
The internal area is traditional in style boasting olde worlde charm with flagstone floors and a cosy log fire place. The pub offers a home from home setting with comfortable seating throughout and a welcoming atmosphere. The space internally is split into three small sections, there are dining tables located in each with a feature fireplace positioned to the side of the characterful bar. There is a fully fitted trade kitchen providing the publican the opportunity to create high-quality food.
Outdoor trading area
There is an intimate patio area to the rear of the pub which can be accessed by walking up six steps. There is convenient on-site parking available for up to six cars for guests to use.
Regional Manager Comments
The New Inn presents a rare opportunity for an experienced publican to take over a destination food pub with great character in a great location. The applicant would need a proven food background due to the trading segmentation of the pub and enthusiasm to attract further trade from people in the local area as well as those passing by to visit the local village.
Retail Partnership Tenancy
Beer Garden Private Accommodation Kitchen Parking Cask Ale Restaurant/Food
Approx. Total Ingoings
£19,750
Annual Rent
£35,000
Potential Turnover: £478,000 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: £35,000 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: £19,750 (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: £38,000 (excl VAT)
To be discussed with the Regional Manager.
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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.
