If you’re looking to lease a pub in Middlesborough, The Fountain is available !
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Lease A Pub In Middlesborough – The Fountain Is Available !
The Fountain is a community pub in the heart of an established local and respected residential areas. The pub is wet led, although has potential to offer a traditional food offer. It consists of a separate public bar and lounge on the ground floor and a first floor function room. There is a well equipped trade kitchen also located on the ground floor
The pub benefited from a major refurbishment in June 2022.The interior of the pub is decorated in a modern style whilst retaining its traditional pub character. The pub is popular for live music and weekly quiz nights.
Private Accommodation
The living accommodation consists of four bedrooms, a kitchen, lounge and bathroom.
Forecast Turnover: £460,718.04
Year 1 Rent: £0.00
Guide Rent: £25,000.00
Initial Deposit: £5,000.00
Full Deposit: £6,250.00
Full Tie Release: £47,000.00
Agreement Fee: £0.00
Repair Fund: £3,500.00
Fixtures & Fittings: 18000 £18,000.00
Working Capital: 10000 £10,000.00
Stock & Glassware: £2,000.00
Cash Float: £1,500.00
Forecast Wet Turnover: £366,492.61
Forecast Dry Turnover: £93,422.49
Forecast Other Turnover: £802.94
The current customer base is male dominant with a demographic of 30+ years during the week, providing a very strong bar trade all day. The lounge is mainly used on weekends for evening entertainment and quiz nights. This side of the business has the potential to be developed by the new publican to maximise profit and drive footfall. I am seeking an experienced retailer who can continue the traditions of this great pub through live music, good quality food and the development of pub games and live sport.
