The Philadelphia, Houghton Le Spring
North East
Philadelphia, Houghton Le Spring, Tyne And Wear DH4 4JG, UK
The Philadelphia is situated on a main road with significant levels of passing trade and is the hub of the local community. With a large dining lounge, a games room and a well-equipped trade kitchen, there is fantastic scope to develop a great pub business. To the front of the pub, there is a large external trading area that has recently been upgraded to a high standard.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
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Everything about the Pub
The Philadelphia, Houghton Le Spring
Houghton-le-Spring is a town in County Durham, which has its recorded origins in Norman times. It is situated almost equidistant between the cathedral city of Durham, seven miles southwest and Sunderland about seven miles northeast. The pub is located on the main road through the town and is only a short distance from other local amenities, whilst also benefiting from good transport links.
Private Accomodation
The private quarters are in good condition and comprise two bedrooms, a lounge, kitchen and bathroom, suited to a small family or couple.
The Philadelphia, Houghton Le Spring
Agreement Fee: £750.00
Cash Float: £4,000.00
Fixtures & Fittings: £12,000.00
Forecast Turnover: £264,737.19
Full Deposit: £4,625.00
Full Tie Release: £18,000.00
Guide Rent: £18,500.00
Initial Deposit: £0.00
Repair Fund: £2,500.00
Stock & Glassware: £4,000.00
Working Capital: £18,300.00
Year 1 Rent: £0.00
Forecast Dry Turnover: £105,187.48
Forecast Other Turnover: £6,690.75
Forecast Wet Turnover: £152,858.97
Additional Info
Ingoing Cost: £18,300.00
Annual Cost: £18,500.00
Agreement Type: Fixed Term Tenancy
The Philadelphia is great community pub with a strong wet and food trade. There is a fantastic opportunity to develop the food side of the pub business, with a traditional pub menu. I am seeking an experienced publican, preferably with local knowledge and a good grounding in catering.
Contact
Contact The Love Your Pub Team:
Contact number: 01329 227488
Contact email address: info@loveyourpub.co.uk
Pub Location
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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.