Travellers Rest

North Road, Wideopen, Newcastle Upon Tyne, Tyne and Wear, NE13 6LN

A popular community Pub

The Travellers Rest is a fantastic opportunity for a skilled and driven pub operator. This public house has the scale and potential for expansion to increase all income streams. The pub is in the heart of the community with a separate public bar ideal for team games and dining area which can be maximised upon. It is a family friendly pub with a garden and patio area, great for the warmer months. There are a large flat screen TV's showing Sky Sports throughout the year.

Location

Business Information

Annual rent

£26,000

Weekly rent

£500

Entry costs

£13,400

Turnover royalty

n/a

Forecasted Operator Turnover

£454,384

Forecasted Operator Profit (inc machine profit)

£29,791

Forecasted Operator Machine Profit

£4,000

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 approx £13,400 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures & Fittings will be rented with weekly payments required.

Deposit

£6,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£5,000

Other Costs

£1,150

Total Entry Costs

£13,400

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)
2019/20 306 57 1,797
2018/19 384 1,182 4,732
2017/18 375 1,342 3,090

Two separate trade areas, currently offering a bar/dining area and also a sports bar area which has pool table and gaming facilities.

Trade Bars

Yes

Trade Dining Areas

Yes

Trade Kitchens

Yes

Trade Food Covers

80

Trade Gardens

No

Trade Patio Areas

Yes

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

No

Customer Car Park Spaces

20

Current Premises License Opening Hours

Sun - Thu: 11:00 - 23:30
Fri - Sat: 11:00 - 00:00

Located above the pub with a separate external access point, this very large accommodation area is ideal for a family and has local direct links in and out of the city.

Private Rooms

11

Lounge

Yes

Dining Rooms

1

Double Bedrooms

3

Single Bedrooms

2

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

1

Bedsits

0

BDM Portrait

I am looking for an experienced operator, who has the knowhow to devlop the Pub, especially the food offer. The Travellers Rest operates at the heart of the local community, so engaging with the locals will be key to your success. If this sounds like the right opportunity for you, please do contact the recruitment team for further information

Sarah Barron, Business Development Manager

Apply for this property

The Pub Partners team at Greene King is here to help you make the right decisions about starting your own pub business.