Are you looking to lease a pub in the Durham area ? Why not run ‘The Gate’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Gate is now available via Love Your Pub!
For more information about this venue and how you can take the next step in your hospitality career click the link below.
Lease A Pub In Durham – The Gate Is Now Available !
The Gate located in the Framwellgate Moor area of Durham City. The pub is surrounded by mixed housing. The pub benefits from being one of 4 pubs found in an area of around 3,000 adults. The customer base is made up of home sharers, singles and mature adults.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Gate Framwellgate Moor
The Gate located in the Framwellgate Moor area of Durham City. The pub is surrounded by mixed housing. The pub benefits from being one of 4 pubs found in an area of around 3,000 adults. The customer base is made up of home sharers, singles and mature adults.
Available on our foundation tenancy agreement. Click here for more information on this agreement. The potential of this pub lies in developing a strong food & drinks offer. What food & drinks would you look to implement in the pub?
The site currently has the ability to drive trade via live sports, selection of pub games, such as pool, and darts and live entertainment. It offers a selection of a pub classic menu and coffees.
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 community led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports 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
CAR PARK
PRIVATE ACCOMMODATION
Trading Area & Facilities
Main trading area with bar
66 internal covers
Catering kitchen
SmartDispense
Garden
Car park with 12 spaces
Private Accommodation
Private accommodation consists of bedrooms, a living room, kitchen and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
Lease A Pub In Durham – The Gate Is Now Available !
The Gate Framwellgate Moor
Annual Rent £ 36,071
Estimated Tenants Annual Operating Profit £ 38,070
Representative HEINEKEN UK Brand Discount Per Barrel £ 140
Estimated Annual Turnover £ 571,137
Estimated Annual Barrelage
£ 99
* 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
Your Investment
Ingoing Costs
Estimated Licensee Fixtures and Fittings Value £ 18,102
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £ 6,000
Deposit Amount £ 9,018
Rent in Advance £ 694
Training Fee £ 425
Estimated Designated Premises Supervisor / Manager Fee £ 50
Premises Licence Fee £ 180
Rates Assessment Fee £ 55
Estimated Legal Fees £ 650
Estimated Total Ingoing Costs £ 35,424
Estimated Minimum Ingoing Costs £ 11,310
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
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 are not included in the rent model or ongoing costs below.
Note that on FRI 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.
Other SP&B Ongoing Charges
Estimated Annual Building Insurance £ TBC
Estimated Annual Maintenance Compliance Charge £ 1,862
Estimated Annual Accountancy & Stocktaking Charge (including tills) £ 6108
Estimated Annual Repairs Fund £ 1300
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
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor – your solicitor’s fees are not included in the above estimate
The Gate Framwellgate Moor
The right operator for the pub will have extensive experience in a community led hospitality business. They will have a clear vision for their food & drinks menu, entertainment offer and sports 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…
