At a Glance
- Tasks: Run a vibrant pub, create exciting food and drink menus, and host live events.
- Company: The North Terrace, a lively pub near Newcastle University.
- Benefits: Fixed rent, private accommodation, and the chance to shape your own pub experience.
- Other info: Great opportunity for creativity and community engagement.
- Why this job: Join a dynamic environment and make your mark in the hospitality scene.
- Qualifications: Experience in hospitality and a passion for creating memorable customer experiences.
The predicted salary is between 30000 - 40000 £ per year.
Pub Overview
The North Terrace is located in the town of Newcastle, sitting on Claremont Road, just slightly outside the main city centre. The pub is right next to the university campus, near hospitals and within walking distance to the city centre of Newcastle and not far from St James Park.
Demographics
The pub benefits from being one of 4 pubs found in an area of around 5,125 adults. The North Terrace customer base is made up of young adults.
The Offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining the food & drinks offer. What food & drinks would you look to implement in the pub? The site currently has the ability to drive trade via private function hire, live sports and live entertainment. It offers a selection of popular beers, ciders, wines and spirits. 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 extensive experience in a similar hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and entertainment offer and can create a memorable experience for their customers.
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...
Features
- Catering Kitchen
- Foundation Tenancy
- Function Room
- Private Accommodation
Trading Area & Facilities
- Main trading area with bar
- Separate dining room with 70 internal covers
- Catering kitchen
- Function room with bar
- SmartDispense
Private Accommodation
Private accommodation consists of 1 bedroom, a living room, kitchen and bathroom.
Pub Financials
With our 5 Star Promise, the rent at the start of your agreement is fixed until the end of its initial term. Indicative entry costs range from £13,942 - £36,800. Annual Estimated Annual Turnover £416,723. Annual Rent £29,300. Entry Costs Deposit build up from 1 month rent £7,325. Estimated Fixtures & Fittings Value £17,975. Stock Valuation £8,000. Working Capital Required £3,500.
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.
Run a Star Pub - North Terrace Newcastle - Newcastle Upon Tyne employer: Star Pubs Leased & Tenancy
At North Terrace, we pride ourselves on being an exceptional employer, offering a vibrant work culture that thrives on creativity and collaboration. Located in the heart of Newcastle, just steps from the university and city centre, we provide our team with unique opportunities for personal and professional growth, alongside competitive benefits and a supportive environment that encourages innovative ideas to enhance our food and drink offerings. Join us to be part of a dynamic pub experience where your contributions can truly make a difference.
Contact Details:
Star Pubs Leased & Tenancy Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Run a Star Pub - North Terrace Newcastle - Newcastle Upon Tyne
✨Tip Number 1
Get to know the local scene! Spend some time in the North Terrace area, check out what other pubs are doing, and chat with locals. This will help us understand what food and drink options could really resonate with the young adult crowd.
✨Tip Number 2
Show off your personality! When you apply, let your passion for hospitality shine through. Share your vision for the pub and how you plan to create a memorable experience for customers. We want to see your unique ideas!
✨Tip Number 3
Network like a pro! Reach out to people in the industry, attend local events, and connect with potential customers. Building relationships can give us insights into what the community wants and help drive trade.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love hearing directly from passionate individuals who are ready to take the North Terrace to the next level!
We think you need these skills to ace Run a Star Pub - North Terrace Newcastle - Newcastle Upon Tyne
Some tips for your application 🫡
Show Your Passion:When you're writing your application, let your enthusiasm for the pub industry shine through! We want to see how much you care about creating a great atmosphere and memorable experiences for customers.
Be Specific About Your Ideas:Don’t just say you have ideas; share them! Whether it’s a unique food menu or exciting entertainment options, we love to hear your creative thoughts on how to drive trade at The North Terrace.
Highlight Relevant Experience:If you've got experience running or owning a pub, make sure to showcase it! Tell us about your successes and what you learned along the way. We’re looking for someone with a solid background in hospitality.
Apply Through Our Website:Ready to take the plunge? Make sure to apply through our website for the best chance of getting noticed. We can’t wait to read your application and see what you can bring to this exciting opportunity!
How to prepare for a job interview at Star Pubs Leased & Tenancy
✨Know Your Audience
Since the North Terrace attracts a young adult crowd, think about what they enjoy. Research popular food and drink trends among this demographic and be ready to share your ideas on how to enhance the menu.
✨Showcase Your Experience
Be prepared to discuss your previous experience in the hospitality industry. Highlight specific examples of how you've successfully managed a pub or similar venue, focusing on your ability to create memorable customer experiences.
✨Bring Fresh Ideas
The pub is open to new concepts, so come armed with innovative ideas for driving trade. Whether it’s themed nights, special events, or unique promotions, show them you can think outside the box.
✨Understand the Financials
Familiarise yourself with the financial aspects of running a pub. Be ready to discuss how you would manage costs, drive turnover, and ensure profitability while maintaining quality service and offerings.
