Cumberland Arms

17 Front Street, Tynemouth, North Shields, Tyne and Wear, NE30 4DX

HIGH STREET PUB IN A BUSY COASTAL AREA

The Cumberland Arms is a great pub business, inside a lovely old building. The pub is mostly wet led, although does offer a small menu. The site is situated on a busy street in the centre of town, meaning there is plenty of footfall at all times of day and plenty of scope to improve volume and food sales. We would expect the pub to trade at a 70/30 sales split in favour of wet sales. Great standards, quality products and a competitive offer will be key to stand out from the crowd. The site is popular with both locals and tourists and Tynemouth is known for its beautiful coastline and flamboyant high street.

Location

Business Information

Annual rent

£25,000

Weekly rent

£481

Entry costs

£13,650

Turnover royalty

n/a

Forecasted Operator Turnover

£340,182

Forecasted Operator Profit (inc machine profit)

£34,090

Forecasted Operator Machine Profit

£4,500

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Average Beer & Cider Discount*

£144

Type of Tie

Full tie: Access to Discounted Wines, Spirits & Minerals Price List

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approximately £13,650.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £6,250. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£6,250

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£13,650

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 188 0 4,164
2018/19 235 0 4,339
2017/18 212 38 2,801

As you walk into the pub you enter a small lower bar area, which is currently unused and has great potential for a Gin bar or something quirky. Up a few steps there is a long bar running down the right-hand side, after the bar it opens out into a dining area at the rear.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

50

Trade Gardens

No

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun-Thu: 10:00-00:30
Fri-Sat: 10:00-01:30

The accommodation is in basic condition and comprises: kitchen, lounge, five bedrooms, bathroom, WC and office

Private Rooms

10

Lounge

Yes

Dining Rooms

0

Double Bedrooms

3

Single Bedrooms

2

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced operator who can take over this excellent business from the outgoing operator who is retiring. The site is mostly wet led but offers the opportunity to expand and improve the current food offer. You will need to be able to offer a compelling and competitive offer, taking an entrepreneurial approach. If this feels like your next pub business, then please contact the recruitment team for further information

Sarah Barron, Business Development Manager

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