Are you looking for pubs to lease in the Hebburn area ? Why not run ‘The Mill Tavern’ as this is now available !
Here at Love Your Pub we know about all the best pubs that are becoming available and The Mill Tavern 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.
Pubs To Lease In Hebburn – The Mill Tavern Is Now Available
The Mill Tavern is located in the town of Hebburn, close to Newcastle Upon Tyne. The pub is surrounded by residential housing. The pub benefits from being one of 2 pubs found in an area of around 3,000 adults. The customer base is made up of mature couples and homeowners.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
The Mill Tavern Hebburn
The Mill Tavern is located in the town of Hebburn, close to Newcastle Upon Tyne. The pub is surrounded by residential housing. The pub benefits from being one of 2 pubs found in an area of around 3,000 adults. The customer base is made up of mature couples and homeowners.
Available on our foundation tenancy 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 entertainment, live sports and selection of pub games, such as pool, and darts. It offers a selection of a pub classic menu, a popular carvery, and popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
Understanding of the local community
Understanding of how to build a successful business
Ability to engage with customers from behind the bar
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
OUTDOOR TRADE
PRIVATE ACCOMMODATION
Trading Area & Facilities
Large trading area with horseshoe bar
80 internal covers
30 external covers
Catering kitchen
SmartDispense
Beer Garden
Car park
Private Accommodation
Private accommodation consists of 3 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.
Private Accommodation
Private accommodation consists of 3 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.
Premises Licence Details
For the full licensing details, please refer to the premises license.
Annual Rent £ 37,032
Estimated Tenants Annual Operating Profit £ 39,830
Representative HEINEKEN UK Brand Discount Per Barrel £ 125
Estimated Annual Turnover £ 616,635
Estimated Annual Barrelage
£ 323
* 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 £ 45,917
Estimated Fixtures and Fittings Valuation Fee £ 250
Estimated Stock Valuation £
15,000
Deposit Amount £ 9,258
Rent in Advance £ 712
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 £ 72,497
Estimated Minimum Ingoing Costs £ 20,408
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 £ 5,167
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
We’re always open to new ideas, what would you do to drive trade?
Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
Understanding of the local community
Understanding of how to build a successful business
Ability to engage with customers from behind the bar
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…
