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SIGNIFICANT REFURBISHMENT PLANNED
The Sportsman's Arms in Durham (currently known as the Belmont) is soon to be completely refurbished and completely reviatlised. Following a period of closure, we will complete an internal refurbishment to improve the existing trade area with full redecoration, including wallpaper and paneling. New F&F will be allowed for with feature lighting, all new loose furniture, fixed seating and bric a brac. Externally, the site will see a new front elevation visual with new external planters, furniture, festoon lighting, and heaters. It is the intention of the scheme, to move the pub away from the previous food led offer, and introduce into a value-mid market offer, focusing on live sport and creating a great pun for the local community. This hopefully gives you a taste of our plans, a full schedule of works is available upon request.
Durham is a city in northeast England, south of Newcastle upon Tyne. The River Wear loops around the UNESCO World Heritage Site of Durham Cathedral and Norman Durham Castle. The city is also home to the renowned Durham University and has a vibrant mix of student and locals. The area of Belmont is a short drive from the centre and ideally situated for commuters using the A1(M);; making it a desirable location to live.
Forecasted Operator Turnover
Forecasted Operator Profit (inc machine profit)
Forecasted Operator Machine Profit
Average Beer & Cider Discount*
Type of Tie
Partial tie: Tied All Beer, All Cider, Minerals & Spirits
Standard Tenancy Agreement. A fixed 5 year term. The annual rent shown (£39,500 per annum) takes into consideration a machines supply concession. The annual rent will be £44,500 if you prefer not to have Greene King supply machines to you.
Entry cost is approximately £34, 875 which includes Fixtures & Fittings at 25% of estimated valuation, stock, glassware, cutlery, crockery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit. Please note Fixtures and Fittings are estimated at approximately £60,000. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period. Please note Greene King will own 50% of the F&F (full valuation £120,000) and the new partner will fund the remaining 50%.
Fixtures & Fittings
Legal Admin Fee
Total Entry Costs
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. All figures represent products bought from Greene King only. **Please note trading volumes for year 2021 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**
|Wine & Spirits (Ltrs)
This is an open plan bar and lounge site, with dedicated dining area and pool room. The bar will be completely refurbished including significant work to the toilets. Fantastic external areas will be created to the front and rear, with pods, heating, festoon lighting and new planting amongst the significant improvement works taking place.
Trade Dining Areas
Trade Food Covers
Trade Patio Areas
Trade Rooms to Let
External Child Play Areas
Customer Car Park Spaces
Current Premises Licence Opening Hours
The accommodation comprises 2 bedrooms, lounge, kitchen, toilet and bathroom and will be completely refurbished.
I am searching for an experienced operator, who can make the most of this exciting opportunity and capture the imagination of the local community. The refurbishment and re naming will move the pub away from its food led recent past and return the pub to its roots. If you have the skills and experienced required to make this pub a successful community asset once again, the please contact the recruitment team for further information.
Kevin Shears, Business Development Manager
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