The stated ingoing figures are correct at point of advertising.
Please be aware there may be additional costs. Please note that the Energy
Performance Certificate is available from the landlord.
All financial information shown, including projected turnover, costs and
potential earnings, is provided for illustrative purposes only and was
correct at the time of advertising. These figures are not guaranteed and
actual results may vary based on trading performance, operator decisions
and market conditions.
Please note that the Energy Performance Certificate is available from the landlord.
Annual Rent: £25,000. To support you in getting off to a strong start, the landlords are offering an introductory rent that is significantly below the post‑investment rent of £25,000 per year. This reduced rent applies for the first few months of the agreement, allowing the new licensee(s) to establish the business and build trade during the early operating period. The full post‑refurbishment rent of £25,000 will only take effect once the refurbishment has been completed.
Stepped rent structure (introductory period):
- Weeks 1–4: £195 per week plus VAT
- Weeks 5–8: £288 per week plus VAT
- Weeks 9 onwards: £384 per week plus VAT (until the refurbishment has been completed)
Security Deposit: Initial deposit of £3,000, building up to £5,000 or the equivalent of three months’ rent, whichever is greater.
Working Capital: £3,000
Stock: £3,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drink categories are tied. For fully funded licensees on long-term agreements, the landlords offer free-of-tie options for certain drinks categories in exchange for an annual fee.