Pub Overview
The area
The Spread Eagle is located in the village of Preston, close to Tynemouth. The pub is surrounded by mixed housing.
Demographics
The pub benefits from being one of 3 pubs found in an area of around 4,000 adults. The customer base is made up of elderly couples, older residents, and single renters.
The offer
Available on our foundation tenancy agreement. The potential of this pub lies in maintaining a strong food & drink offer. What food & drinks would you look to implement in the pub?
It offers a selection of a pub classic menu, popular beers, ciders, wines, spirits, and cask ales.
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 destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy, 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
* Foundation Tenancy
* Catering Kitchen
* Function Room
* Outdoor Trade
* Private Accommodation
* Car Park
Trading Area & Facilities
* Main trading area with bar
* Separate dining room
* Catering kitchen
* Function room
* SmartDispense
* Outdoor Trade
* Car park
Private Accommodation
There is no private accommodation.
Pub Financials
Estimated Total Ingoing Costs: £42,833
Estimated Minimum Ingoing Costs: £11,434
Annual Rent: £47,213
Estimated Annual Turnover: £654,015
Deposit: £11,803
Estimated Fixtures & Fittings Value: £23,530
Estimated Stock Valuation: £4,000
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 & 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.
Downloads
* Demographics Report
* Energy Performance Certificate
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