Spread Eagle North Shields

The Spread Eagle is located in the village of Preston, close to Tynemouth. The pub is surrounded by mixed housing.

Demographics

The pub benefits from being one of 3 pubs found in an area of around 4,000 adults. The customer base is made up of elderly couples, older residents and single renters.

If you've benefited from running or owning a pub business, we'd love to hear what experience you can bring.

The right operator for the pub will have extensive experience in a destination food outlet hospitality business. They will have a clear vision for their food & drinks menu, marketing strategy and can create a memorable experience for their customers.

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

• Foundation Tenancy


• Catering Kitchen


• Function Room


• Outdoor Trade


• Private Accommodation


• Car Park


Trading Area & Facilities


• Main trading area with bar


• Separate dining room


• Catering kitchen


• Function room


• SmartDispense


• Outdoor Trade


• Car park


Private Accommodation

Private accommodation to be confirmed.

Pub Financials

Annual Rent £
49,059
Estimated Annual Turnover £
659,886
Deposit £
12,250
Estimated Fixtures & Fittings Value £
15,000
Estimated Stock Valuation £
9,599
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
40,364
Estimated Minimum Ingoing Costs £
17,187

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.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

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 should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy 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. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.