Revised Rent & Discount | Short Term Agreement Available | Extensive External Refurbishment Recently Completed

Travellers Rest

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

Gallery

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Pub overview

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.

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 covers 80
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 Rooms 11
Lounge 1
Single Bedrooms 2
Double bedrooms 3
Private Kitchen 1
Bathrooms 1
Toilets 1
Office 1

Rent information

Annual rent £37,300 per annum
Weekly rent £717.31 per week fixed
Notes

£37,300 per annum, £717.30 per week paid weekly by direct debit. All terms negotiated on agreement.

Entry costs approx £15,275 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 approx £19,000.00*

Brokers £675 Legal £350
Deposit £2,000 Stocktaking fees £150
Fixtures & fittings £4,750 Working capital £2,000
Other costs £5,350 Total entry cost £15,275

Agreement description

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

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

Year Beer (Brls) Wine & spirits (Ltrs) Minerals (Ltrs)
2016/17 463 1,786 4,601
2015/16 455 1,704 3,528
2014/15 474 288 3,695
Volume notes

Location

Wideopen is a village north of Gosforth and six miles north of Newcastle upon Tyne City Centre

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

Andy Wearn

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ I am 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. ”