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For Companies At a Glance
- Tasks: Run a vibrant pub, create exciting food and drink menus, and host live entertainment.
- Company: The North Terrace, a lively pub near Newcastle University.
- Benefits: Fixed rent, private accommodation, and potential for high turnover.
- Other info: Great opportunity for creativity and community engagement.
- Why this job: Join a dynamic environment and shape the pub's future with your vision.
- 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: £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.
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
Contact Detail:
Star Pubs Leased & Tenancy Recruiting 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! Since the North Terrace is right next to the university and hospitals, think about how you can attract students and staff. Maybe host themed nights or special events that resonate with them.
✨Tip Number 2
Show off your experience! When you apply, highlight any previous pub management or hospitality experience you have. We want to see how you’ve successfully driven trade in the past and what unique ideas you can bring to the table.
✨Tip Number 3
Don’t be shy about your vision! Share your thoughts on the food and drinks menu, and how you plan to create a memorable experience for customers. We’re all about fresh ideas, so let your creativity shine!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it gives you a chance to showcase your personality and passion for running a pub like the North Terrace.
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 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 vision for driving trade at The North Terrace.
Highlight Relevant Experience: If you've run or owned a pub before, make sure to detail that experience in your application. We’re looking for operators with a solid background in hospitality, so show us what you’ve done!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently, so don’t miss out on this fantastic 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, tailor your ideas to appeal to this demographic. Think about trendy food and drink options that resonate with them, and be ready to discuss how you can create a vibrant atmosphere that keeps them coming back.
✨Showcase Your Experience
If you've run or owned a pub before, share specific examples of what worked well for you. Highlight your successes in driving trade through events, promotions, or unique offerings. This will demonstrate your capability and vision for the North Terrace.
✨Bring Fresh Ideas
The pub is open to new concepts, so come prepared with innovative ideas for the food and drinks menu, as well as marketing strategies. Think about how you can leverage live sports and entertainment to attract customers and create memorable experiences.
✨Understand the Financials
Familiarise yourself with the financial aspects of running the pub, including entry costs and potential turnover. Be ready to discuss how you would manage these effectively while ensuring profitability. This shows you're not just creative but also business-savvy.