Property Description
The Northwood Inn - a local favourite in the heart of the community.
This is a well-established business, located in a popular residential area but a stone’s throw from the delights of the city centre. This pub has been a favourite with the local community for many years and this represents a great opportunity to take the business to the next level.
What would you do with this pub to make it even more of a success?
The Area:
The Northwood is located in the suburb of Northwood, surrounded by residential housing in a tight knit community, who visit the pub for multiple occasions.
Demographics:
The pub benefits from being one of five pubs found in an area of around 6,146 adults. The pub mostly attracts people from middle-income households, and the demographic is evenly spread across age groups, particularly favouring the 25–64 age range.
The Offer:
Available on our foundation tenancy agreement. Click here for more information on this agreement, the key to the success of this pub is to continue to be the community favourite. A real local that appeals to all aspects of the community; whether sports viewing or playing traditional pub team games; socialising in the beer garden or charity events; or live entertainment.
It is a wet only site and offers a selection of Cask ales, popular beers, ciders, wines and spirits.
We’re always open to new ideas, what would you do to drive trade?
Attitude is as valuable than experience. If you’ve got the following, we’d love to hear from you:
Understanding of the local community
You know what it takes to build a successful business
You love hospitality and are great with customers
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter…
Main trading area with bar
40 internal covers
30 external covers
Open Fires
Enclosed beer garden
Pool and Darts
Private accommodation consists of three bedrooms, a living room, kitchen, bathroom.
Premises license available on request.
Agreement Type
Foundation Tenancy
Property Facilities
Pub Games
Outdoor Trade
Private Accommodation
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
