Investment Planned

Travellers Rest

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

Gallery

(Click to enlarge)

prev next

Pub overview

This site has a proposed annual rent which includes an investment spend of £60,000!

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 on. It is a family friendly pub with a garden and patio area, great for the warmer months. There are a few large flat screen TV's showing Sky Sports throughout the year.

An investment is planned to re-design and decorate the lounge area and back bar. The site is predominantly a wet led site operating a 80:20 wet to dry split. We are looking for an experienced licensee who can develop this site further including the food offer as there is a big opportunity here to take.

Please note the minimum ingoing cost is as shown, £26,750 for this Standard Tenancy agreement due to an Assisted Purchase agreement being available to support purchasing the Fixtures and Fittings in the site.

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

Trade space
Bars 2
Car park spaces 20
Dining rooms 1
Food covers80
Trade kitchens 1
Patio areas 2

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 space
Private Rooms11
Lounge1
Single Bedrooms2
Double bedrooms3
Private Kitchen1
Bathrooms1
Toilets1
Office1

Rent information

Annual rent£39,500 per annum
Weekly rent£759.62 per week fixed
Notes

£39,500 per annum, £760.00per week paid weekly by direct debit and subject to annual RPI increase, which is capped. Paid weekly by direct debit.
Machine income free of tie.

Entry costs approx £26,750 which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, schedule of condition, working capital and deposit. *Please note an assisted purchase may be available for the right operator and the F&F costs are shown as a 25% deposit and full cost is £31,000.00*

Brokers£675Legal£825
Deposit£6,000Stocktaking fees£150
Fixtures & fittings£7,750Working capital£6,000
Other costs£5,350Total entry cost£26,750

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement which is contracted out of the Landlord and Tenant Act 1954
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

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.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/183751,3423,090
2016/174631,7864,601
2015/164551,7043,528
Volume notes

Location

Wideopen is a village north of Gosforth and six miles north of Newcastle upon Tyne City Centre. The pub is on the main road leading into Wideopen, diagonally across from Lockey Park. The site is easily accessible from the A1 and not far from Weetslace Country Park also.

Facilities

Trade bar
Car park
Dining area
Trade kitchen
Trade patio

Current premises licence opening hours

Sunday to Thursday- 11.00am- 23.30pm Friday and Saturday- 11.00am- 00.00

Contact Us

Lee Sibary

BDM

Call the Recruitment team on 01284 714 497

Apply online
“ We are looking for an experienced licensee who can develop this site further. There is a huge opportunity to develop the food side of the business and experience is essential. ”