The Slug and Lettuce Newport is on the very centre of the high street with its quirky history of previously being used as a cinema the site has in-built character that is hard to find.
Currently open under the Slug & Lettuce brand the site boats strong trade across the week with a much loved Brunch and cocktail offering.
With a main long bar across the right wall the site boats upwards of 100 covers seated across a variety of booths, tables and high seating.
Having a tenancy oppourtunity at the site is truly exciting, S&L Newport offers a new publican a huge amount of potential to be explored.
There is no Private Accommodation at this site
Stock & Glassware: £3,000.00
Cash Float: £1,000.00
Forecast Wet Turnover: £378,279.87
Forecast Dry Turnover: £66,756.60
Forecast Other Turnover: £2,637.72
Forecast Turnover: £447,674.20
Year 1 Rent: £0.00
Guide Rent: £27,500.00
Initial Deposit: £0.00
Full Deposit: £6,875.00
Full Tie Release: £27,250.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £40,000.00
Working Capital: £50,000.00
This presents a fantastic opportunity for an entrepreneurial operator to develop one or two outstanding offers. The venue is well-situated, necessitating someone who can capitalize on the existing trade in the area as well as create an offering that will establish the venue as a premier destination.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
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.
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