Pub Overview
The Cork & Bottle is a drinks lead venue that benefits from a high street location within the centre of Barnstaple.
The Area
The Cork & Bottle is located in the town of Barnstable, surrounded by shops, food and retail outlets, and mixed housing.
Demographics
The pub benefits from being located on a busy high street with around 4600 adults within a 10-minute walk of the pub. The Cork & Bottle customer base consists of young, carefree, and mature adults.
Features
* Foundation Tenancy
* Pub Games
* Outdoor Trade
* Private Accommodation
Trading Area & Facilities
* Main trading area with bar
* 100 internal covers
* 30 external covers
* Outside trading area with bench style seating
Private Accommodation
The private accommodation consists of two bedrooms, a lounge, office, kitchen, and bathroom.
Pub Financials
Estimated Total Ingoing Costs: £14,937
Estimated Minimum Ingoing Costs: £8,646
Annual Rent: £13,748
Estimated Annual Turnover: £223,881
Deposit: £3,437
Estimated Fixtures & Fittings Value: £4,000
Estimated Stock Valuation: £4,000
Estimated Working Capital: £3,500
The above figures are provided as a guide only and will be finalized 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. Additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, and SmartDispense will be outlined prior to completing a business plan and finalized 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.
Downloads
* Demographics Report Download arrow
* Energy Performance Certificate Download arrow
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