Run a Star Pub - Station Hotel Bishop Auckland - Bishop Auckland

Overview

Run a Star Pub – Station Hotel Bishop Auckland. The pub is located in Bishop Auckland, close to the train station and Auckland Castle, surrounded by shops and housing. It is one of eight pubs in an area of around 5,000 adults, with a customer base of singles and cohabitees without children, the elderly, and home sharers. Available on our foundation tenancy agreement, with potential to develop a strong food and drink offer.

The site currently drives trade via live entertainment and offers a selection of popular beers, ciders, wines and spirits, a pub classic menu, and coffee. We welcome new ideas to drive trade and would like to hear what you would bring to this opportunity.

The right operator will have extensive experience in a high street hospitality business, a clear vision for the food and drinks menu, marketing strategy and entertainment offer, and the ability to create a memorable experience for customers.

If this sounds like the incredible pub opportunity you have been waiting for, apply today and tell us what you can bring to the pub’s next chapter.

Features

• Foundation Tenancy
• Catering Kitchen
• Live Sports
• Private Accommodation

Trading Area & Facilities

• Main trading area with bar
• 60 internal covers
• Catering kitchen
• SmartDispense
• Decked garden area

Private Accommodation

Private accommodation consists of 4 bedrooms, kitchen, bathroom, a living room and office. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.

Pub Financials

Estimated Total Ingoing Costs
£40,721

Estimated Minimum Ingoing Costs
£10,769

Annual Rent
£27,222

Estimated Annual Turnover
£434,433

Deposit
£6,806

Estimated Fixtures & Fittings Value
£25,415

Estimated Stock Valuation
£5,000

Estimated Working Capital
£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 and 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 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.

Downloads

• Demographics Report Download arrow
• Energy Performance Certificate Download arrow