Newcastle Upon Tyne NE5 2HB
The Balloon Newcastle Upon Tyne is a well-established community pub situated to the north of Newcastle City Centre. Located close to a major retail park just off the busy A1. Nearby is the A191 which is one of the main routes in and out the city centre. There is excellent footfall locally owing to the plentiful housing, both private and council owned, that surround the pub. The pub is easily accessible and visible from the road network around the property
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Balloon Newcastle Upon Tyne is a two-room operation. The bar area runs along the front of the building with access via the main entrance which is directly off the road. There is a large function room, which could act as a dining area, which runs from the front of the building to the back. Admiral completed an External Decoration, full refurbishment of the Function Room Toilet and essential Compliance and repairs in Summer 2020. Both areas are serviced by their own bar and have separate toilets. For the Summer months, there is the added benefit of an outside drinking area which is to the side of the main entrance and new patio area to the front of the pub. To the rear is of the pub is a recently resurfaced car park for over 30 vehicles, this facility is currently shared with a Sandwich shop and bookmakers that help to provide additional footfall to thee business.
Private Accommodation at The Balloon Newcastle Upon Tyne. The private accommodation consists of three bedrooms, a bathroom, kitchen and lounge. All in good order.
The Balloon Newcastle Upon Tyne already has a strong customer base and is particularly popular with sports fans and teatime drinkers. Trade is solely drinks based and pool and darts teams help boost mid-week profits. An experienced operator would look to build on the already established customer base by introducing a regular entertainment programme and push and advertise the use of the newly appointed Function Room opportunity. It will be important that the drinks range is reviewed on a regular basis to ensure the pub continues to attract consumers from a younger audience.
The Balloon Newcastle Upon Tyne
Annual Rent: £30,000
Security Deposit: £5,000
Working Capital: £2,000
Fixtures and Fittings: Upon Valuation-funding options available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories inexchange for an annual fee.
Training: £250 plus VAT.
For a breakdown on financial information, please refer to the ‘Additional Info’ tab
The Balloon Newcastle Upon Tyne
This is an exciting opportunity for a new Licensee. The pub underwent significant investment last summer and now appeals to a younger audience who now use the pub since a wider drinks range has been offered employed to ensure the retail offer is relevant. Admiral seek a passionate and enthusiastic licensee well versed in social media, marketing and the energy to manage this very busy outlet
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.