Facilities

Commercial Kitchen

NEWCASTLE CITY CENTRE

The Exchange is a Newcastle city centre site, situated on one of the main shopping streets in the city, close to all amenities and drinking circuit. It’s a subterranean bar with limited visibility from the street. The pub currently trades as a speakeasy; but t...

Important Information

Annual rent £16,000
Additional information N/A
Weekly rent £308
Entry costs £23,500
Turnover royalty 4%
Forecasted operator turnover £638,087
Forecasted Operator Profit (inc machine profit) £40,138
Forecasted operator machine profit £500
Average Beer & Cider Discount* £180
Type of Tie Partial tie: Tied All Beer, All Cider & Minerals
Agreement Our 5 year Turnover Tenancy Agreement reflects how your business performs. You pay a fixed rent plus a percentage of your weekly net sales.
Machine Product Agreement Unrestricted (100% to licensee)
Entry cost is approximately £23,500 which includes 25% of the fixtures & fittings value, deposit, stock and working capital. Any additional costs will be confirmed in your schedule 1 information. You will also need to obtain independent professional legal and financial advice. Please note, the fixtures and fittings value is estimated and will be confirmed on change day and an assisted purchase plan is available to purchase the remaining 75% of fixtures and fittings.
Deposit £6,000
Additional Information N/A
Estimated Fixtures & Fittings Value £7,500
Estimated Stock Value £5,000
Estimated Working Capital £5,000
Estimated Entry Cost £23,500
The pub is found just off the main Northumberland Street, a prime shopping in Newcastle. It is on Pudding Chare a lane leading to the Eldon Square shopping centre. Access to the bar is via a staircase and then a corridor which houses the toilets before customers enter the main trade area, which hosts a single long bar in front and catering kitchen to right hand side which can be seen via an open hatch. The single bar serves one large trade area in ‘2 legs’ which would be ideal for a live music / DJ set up.

Kevin Shears

Business Development Manager

‘I have spent over 30 years working in hospitality, including working for the likes of McDonald’s where I was a Business Development Manager. This, combined with my 18 years’ experience as a Business Development Manager in the pub sector, means I have plenty of experience and expertise to share with my Partners. For me, the beauty of pubs is their variety. No two pubs – nor two partners whom I work with – have the same needs. So, I enjoy adapting my support based on the needs of the pub and partner I work with.’